In a decisive move to curb Nigeria’s biggest source of public sector corruption, the Economic and Financial Crimes Commission (EFCC) on Wednesday, June 8, 2026, convened a strategic roundtable with heads of key anti-corruption agencies at its Abuja headquarters.
EFCC Executive Chairman, Ola Olukoyede hosted Dr Musa Adamu Aliyu, SAN, Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC); Dr Abdulahi Usman Bello, Chairman of the Code of Conduct Bureau (CCB); and Dr Adebowale Adedokun, Director General of the Bureau of Public Procurement (BPP).
The meeting focused on building a sustainable framework for collaboration to dismantle contract and procurement fraud, which Olukoyede says drives more than 80 per cent of public sector corruption.
“If we can deal with the issue of contract and procurement fraud in Nigeria, probably within the next one year, the impact will be felt everywhere,” Olukoyede said.
He noted the damage cuts across the economy, health sector, and social life, with trillions lost to graft.
The EFCC Chairman stressed the need for enforcement agencies — EFCC, ICPC, and CCB — to work directly with the BPP as a regulator. According to him, “It’s not just about waiting for them to steal the money. It’s about prevention and risk management. That’s where the regulator comes in.”
He added that many provisions of the Public Procurement Act remain unactivated and called for joint investigations, monitoring, and intelligence sharing.
To institutionalise the partnership, Olukoyede proposed a Standard Operating Procedure (SOP) to define roles, ensure confidentiality, and enable quarterly review meetings.
Capacity building and tech-driven coordination were also tabled to eliminate duplication of cases.
ICPC Chairman, Aliyu backed the call for synergy, saying a united front by ICPC, CCB, NFIU, and EFCC would boost public confidence and stop petitioners from filing the same case with multiple agencies. “We need to use technology so that we eliminate duplication,” he said.
CCB Chairman, Bello revealed that Nigeria loses between N7 trillion and N25 trillion to corruption, with procurement fraud as a major drain involving the country’s five million public servants.
He emphasised that NFIU can supply intelligence, EFCC can investigate financial crimes, while ICPC tackles systemic corruption.
BPP DG, Adedokun, in his presentation “Why Public Procurement Matters,” warned that weak procurement systems lead to waste, cost overruns, abandoned projects, and poor infrastructure.
He argued that “the most effective anti-corruption strategy is not merely to pursue wrongdoing after it occurs, but to design procurement systems where wrongdoing can’t hide.”
He outlined five reform pillars: legal and institutional reforms, governance and accountability, strategic procurement, digital procurement, and improved market operations.
Discussions also covered procurement without cash backing, deliberate breaches of procedure, and abuse of procurement laws, all common red flags in Nigeria’s public contracts.
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