Many have noted the effects of
corruption on nation building.
Development scholars observe this effect corruption has an adverse
effect on social and economic development and also in building a nation. The role of EFCC in
Nigeria is to curb the menaces of the
corruption that constitutes the cog in
the wheel of progress, protect national
and foreign investment s in the country; imbue the spirit of hard work in
the citizenry and discourage ill gotten wealth,
identity illegally acquired wealth
and confiscate it, build an
upright workforce in both public and private
sectors of the
economic and; contribute to
the global war against financial crimes. The commission empowered to
prevent, investigate, prosecute and penalize economic and financial crimes is
charged with the responsibility of enforcing the provisions of other laws
and regulations relating to economics
and financial crimes. While the role of ICPC in Nigeria is to prohibit
and prescribe punishment for corrupt practices and other related offences section
6(G-F) of the ICPC Act 2000 sets out the duties of the
commission as paraphrased in the given link below.