ECONOMIC AND FINANCIAL CRIMES COMMISSION (ESTABLISHMENT) ACT

Section 7: Special powers of the Commission.

2004Section 7 of 47Federal Republic of Nigeria

(1) The Commission has power to-
(a) cause investigations to be conducted as to whether any person, corporate body or organisation has committed an offence under this Act or other law relating to economic and financial crimes;
(b) cause investigations to be conducted into the properties of any person if it appears to the Commission that the person's lifestyle and extent of the properties are not justified by his source of income.
(2)
In addition to the powers conferred on the Commission by this Act, the Commission shall be the co-ordinating agency for the enforcement of the provisions of-
(a) the Money Laundering Act, 2004; 2003 No. 7. 1995 No. 13;
(b) the Advance Fee Fraud and Other Related Offences Act, 1995;
(c) the Failed Banks (Recovery of Debt) and Financial Malpractices in Banks Act, as amended;
(d) the Banks and Other Financial Institutions Act, 1991, as amended;
(e) the Miscellaneous Offences Act; and
(f) any other law or regulation relating to economic and financial crimes, including the Criminal Code and Penal Code.

Cite this section

Section 7, ECONOMIC AND FINANCIAL CRIMES COMMISSION (ESTABLISHMENT) ACT (2004).

https://repo.podus.ai/laws/economic-and-financial-crimes-commission-establishment-act/section/7/