EFCC Chairman Calls for Bold Reforms to Boost Africa’s Investment

EFCC boss Ola Olukoyede urges reforms to strengthen institutions, rule of law, and ease business for Africa’s growth.


EFCC Chairman Ola Olukoyede has called for sweeping reforms to unlock Africa’s investment potential. Speaking in Washington, D.C., he said sustainable growth requires strong institutions, rule of law, human capital investment, and an easier business environment.

“De-risking Africa requires reforms that improve the ease of doing business, respect for the rule of law, and human capital development,” Olukoyede noted.

Showcasing Nigeria, he revealed EFCC has secured over 13,000 convictions in 22 years, including 4,111 in 2024. He highlighted major crackdowns on crypto fraud, property forfeitures, and $500m CBEX scam investigations, stressing, “There can be no greater incentive to investors than the assurance of due process and rule of law.”

EFCC also signed an MoU with Korea’s National Police Agency in Seoul to strengthen global fraud defenses.