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EFCC lacks powers to prosecute naira abuse – Prof. Odinkalu

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  1. EFCC lacks powers to prosecute naira abuse

In a recent development, former Chairman of the National Human Rights Commission (NHRC), Prof. Chidi Odinkalu, has brought to light a crucial debate surrounding the powers of the Economic and Financial Crimes Commission (EFCC) in prosecuting cases related to naira abuse, Njenje Media News Reports.

Odinkalu’s critique stems from the recent arrest and conviction of crossdresser Okuneye Idris Olanrewaju, famously known as Bobrisky, for his involvement in naira spraying—a practice deemed illegal under Nigerian law.

According to Odinkalu, the EFCC’s jurisdiction, as outlined in its establishing law, pertains to “non-violent criminal and illicit activity committed with the objectives of earning wealth illegally.” He argues that naira abuse, such as spraying money, falls outside the commission’s prosecutorial scope.

The outspoken professor of law stated, “The law that establishes the EFCC defines ‘economic and financial crimes’ to mean illicit activities violating existing legislation governing the economic activities of government and its administration.” This suggests that the EFCC should primarily focus on crimes directly linked to economic sabotage and financial malpractice.

Following this controversy, another prominent figure, socialite and barman Pascal Chibuike Okechukwu, also known as Cubana Chief Priest, has entered the legal fray. Cubana Chief Priest faces similar charges from the EFCC but has pleaded not guilty. His case was recently brought before the Federal High Court in Lagos, where he was granted bail in the sum of N10 million.

As the legal battle ensues, the question of the EFCC’s authority in prosecuting naira abuse remains a subject of intense scrutiny and debate, underscoring the need for clarity and precision in the interpretation of Nigeria’s anti-corruption laws.

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Written by Njenje Media News Team | April 17, 2024. Stay informed with the latest updates by joining NjenjeMedia’s WhatsApp Channel*: shorturl.at/pFM29

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