EFCC, Korean Police Agency Sign MoU To Tackle Financial Crime
The Economic and Financial Crimes Commission, EFCC and the National Office of Investigation of the Korean National Police Agency, KNPA, have signed a Memorandum of Understanding, MoU, on tackling economic and financial crimes.
The signing of the MoU took place in Seoul, South Korea during the 3rd International Counter-Fraud Conference, themed “Global Fraud Shield: Coordinated Defense against Evolving Threats,” hosted by the KNPA.
The MoU focusses on information-sharing, capacity-building, joint operations, and strengthening existing institutions to embolden the war against financial crimes.
It was signed on behalf of the EFCC by its Chairman Olanipekun Olukoyede and the Deputy Commissioner General of KNPA, Park Seong-Ju.
The pact represents formalization of bilateral commitment to enhance cooperation in combating economic and financial crimes between the two agencies.
The EFCC’s boss said the partnership aligns with his strategic agenda of boosting Nigeria’s image, and ensuring transparency and accountability.
Olukoyede stressed that anti-corruption work is fundamentally about building stronger societies.
“This partnership represents more than just institutional cooperation, it embodies our shared commitment to creating a safer, more transparent global financial ecosystem”, he said.
He further stated that “we are creating a model for how nations can collaborate effectively against crimes that know no boundaries”.
In his own remark, Seong-Ju expressed commitment that the MoU would provide an enhanced platform for information-sharing, capacity-building, and joint operations .
He acknowledged Nigeria’s reputation as a reliable partner in international crime-fighting efforts and commended the EFCC’s “operational excellence and strategic partnerships globally”.
