The Economic and Financial Crimes Commission (EFCC) is a draft of law enforcement bodies in Nigeria, engaged in criminal investigations related to finance. The EFCC was founded in 2003 and incidentally it was Financial Action Task Force on Money Laundering (FATF) to influence on the creation of the organization. It should be added, that the commission is headquartered in Abuja.
During the reign of former EFCC chairman Nuhu Ribadu the Commission solved the problem of abuse of authority through condemnation of some known corrupt officials. In September 2006, the EFCC thoroughly followed 31 Nigerian state governors, who were accused of fraud. After wide rigorous research of such associations as EFCC in December 2007, the Nigerian Federal Government withdrew all charges against the Vaswani brothers and gave them the opportunity to return to their homeland.
In April 2008, the EFCC decided to conduct the investigation in case of the famous daughter of a previous Nigerian President, Senator Iyabo Obasanjo-Bello. It turned out, that she appropriated N10 million ($100,000) instead of the Ministry of Health. Presently she is on trial for using up more than N30, 000,000 ($ 300,000) taken from the Ministry. Since February 15, 2012 Ibrahim Lamorde was appointed as Chairman of EFCC. By the way, on the web page of the organization the most wanted offenders nationwide can be found.
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