The Executive Chairman of the Economic and Financial Crimes Commission, Mr. Ola Olukoyede has charged members of the National Assembly to enact a law against unexplained wealth, stressing that it will boost the fight against economic and financial crimes and other acts of corruption.
He made the call in Abuja on Wednesday, July 9, 2025, at the National Conference on Public Accounts and Fiscal Governance convened by the Public Accounts Committee of the Senate and House of Representatives.
He decried the lack of legislation against unexplained wealth, maintaining that corruption is strengthened when people living above their means are not brought to book.
He said “I want to make an appeal to you all, please, pass the bill on unexplained wealth.”
Olukoyede also called for transparency in resource management at all levels of government stressing that Nigeria is bountifully blessed with resources but without prudent management, nothing tangible would be achieved.
“We need transparency in resource management. That’s all we need. Everywhere you go in Nigeria, you see natural resources all around you. We will succeed if we are resolute about resource management.”
The EFCC’s boss added that the mismanagement of resources is fueling insecurity in the country. He maintained that mismanagement of resources is responsible for the high level of banditry, kidnapping, terrorism and other acts of insecurity in Nigeria.
He called on custodians of stolen assets abroad to cooperate with the EFCC in getting the assets returned to the country, arguing that custodians of stolen assets are as guilty as those who stole the assets.
