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ECONOMIC AND FINANCIAL CRIMES COMMISION (EFCC) AND THE CHALLENGES OF MANAGING CORRUPTION IN NIGERIA: A CRITICAL ANALYSIS
The present Global system is confronted with multiplicity of challenges which threaten the survival of many nation states. One of these challenges is corruption. The viral nature of this phenomenon is such that combating it is consistently proving difficult. The menace is present in varying degrees in different countries at different times. Countries in the Global North and the Global South are scourged by it differently. Nigeria is not an exception to this. The phenomenon consequently brings about economic backwardness, political instability, social insecurity, infrastructural decay, unaccountability, negation of the principle of law, etc. Efforts towards curbing it in Nigeria have suffered various setbacks. However since the emergence of the Economic and Financial Crimes Commission (EFCC) to manage it, some reasonable achievements have been recorded. Based on secondary data this paper examined the EFCC and the challenges of managing corruption in Nigeria. Bearing in mind that corruption as a complex phenomenon manifests in virtually every known social institution and has transnational as well as global web of connectivity, an integrative theoretical approach was used in this explanation. Findings reveal that the Commission is confronted with myriad of challenges which include: meddling in its activities by the power elites; unwholesome judicial process; weak anti-graft laws; job insecurity for its Chairperson etc. To enhance the smooth operation of the Commission, it is recommended that: special courts are granted the Commission; repealing of laws which hinder their operation; the Agency must be free from any form of executive and legislative influence among others.
Keywords: Challenges, Corruption, Managing Corruption, Nigeria.