EFCC, South Korean Police Sign MoU On Tackling Financial Crimes

The Economic and Financial Crimes Commission (EFCC) and the National Office of Investigation, Korean National Police Agency (KNPA), person signed a Memorandum of Understanding (MoU) connected tackling economical and fiscal crimes and strengthening organization capacities.

The signing of the MoU took spot connected Tuesday, September 16, 2025, successful Seoul, South Korea, astatine the 3rd International Counter-Fraud Conference, themed “Global Fraud Shield: Coordinated Defense against Evolving Threats,” hosted by the Korean National Police Agency.

According to a connection posted connected the verified Facebook leafage of the EFCC connected Saturday, the MoU focusses connected accusation exchange, champion practices sharing, capableness building, organization strengthening, probe collaboration, plus betterment coordination, nationalist education, communal enactment platform, grooming exchange, planetary practice and flexible enlargement and was signed by the EFCC chairman, Olanipekun Olukoyede, and the Deputy Commissioner General of KNPA, Park Seong-Ju.

The pact represents formalisation of bilateral committedness to enhanced practice successful combating economical and fiscal crimes betwixt the 2 agencies.

The EFCC’s brag articulated however the concern aligned with his strategical docket of economical improvement focus, transparency and accountability and planetary representation boosting of Nigeria arsenic contained successful his three-pronged docket connected his assignment by President Bola Ahmed Tinubu successful 2023

Commenting connected the MoU, Olukoyede stressed that anti-corruption enactment is fundamentally astir gathering stronger societies. “This concern represents much than conscionable organization cooperation, it embodies our shared committedness to creating a safer, much transparent planetary fiscal ecosystem”, helium said. He further stated that “we are creating a exemplary for however nations tin collaborate efficaciously against crimes that cognize nary boundaries”

In his ain remark, Seong-Ju appreciated Olukoyede’s visionary enactment successful driving the MoU, stressing that the statement was impervious of EFCC’s palmy collaborations with instrumentality enforcement organizations worldwide. He expressed committedness that the MoU would supply an enhanced level for information-sharing, capacity-building, and associated operations. He further acknowledged Nigeria’s estimation arsenic a reliable spouse successful planetary crime-fighting efforts and commended the EFCC’s “operational excellence and strategical partnerships globally”

Seong-Ju recalled the longstanding Nigeria-South Korea partnership, peculiarly noting that KNPA experts had antecedently visited Nigeria successful 2019 to present capacity-building initiatives successful integer forensics. Already, the MoU has begun to output dividends with an ongoing KNPA probe with Nigerian connections connected immoderate fraudulent dealings.