Economic and Financial Crimes Act to be repealed

The Economic and Financial Crimes Act is billed to be changed as a new bill is looking at redistributing the work of the Chairman of the EFCC.
According to the bill, the Chairman of the EFCC will have limited responsibility, and some power will be conceded to the Director-General of the EFCC, which is a new position that is being proposed.
The Director-General will be appointed by the President and subject to confirmation by the senate.
The brain behind the bill is said to be Abubakar Malami (SAN) the Attorney General and will soon be passed to the National Assembly. It was created just some weeks following the suspension of Ibrahim Magu, the acting EFCC chairman, as a result of his spat with the president on the anti-corruption stance.



