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ABSTRACT
Nigeria's economic stability and progress are at risk due to the widespread problem of economic crime in the nation. In order to combat these crimes and advance economic integrity, the Economic and Financial Crimes Commission (EFCC) was founded. This study examines the nature and scope of economic crime in Nigeria and the role of the EFCC in preventing and prosecuting these crimes. Data were collected from both primary and secondary sources. The findings reveal that economic crime in Nigeria includes fraud, corruption, money laundering, and other financial offenses. The study explores the history of EFCC in Nigeria and its role in combating crime in Nigeria. The study also evaluates the success/failures of EFCC. The EFCC has made significant efforts in investigating and prosecuting cases of economic crime, but challenges persist, including inadequate resources, corruption, and political interference. The study recommends that as desire of the government and the Nigerian citizens to have economic and financial crime free economy the EFCC should be strengthened with technologically for effectiveness in their service to both human and capital. It also recommends that Nigerian government and the EFCC should generate a data base comprising of all citizens information in a networking format to all government organizations including banks, so that there will be possibilities of information retriever of individuals and encourages further research works more easy. Finally, this research contributes to understanding the complexities of economic crime in Nigeria and the essential role of the EFCC in promoting economic integrity and development.
