On Thursday, July 23, 2026, the House of Representatives passed a landmark Bill (HB.2396) to establish the Economic and Financial Crimes Commission (EFCC) Institute on Third Reading.
The successful passage followed the consideration and adoption of the report laid on October 23, 2025, by the Chairman of the House Committee on Financial Crime, Hon. Ginger Onwusibe, on A Bill for an Act to Establish the Economic and Financial Crimes Commission Institute to serve as a Centre for Training, Research, Policy Development, and Strategic Collaboration in the Prevention, Detection, and Prosecution of Economic and Financial Crimes in Nigeria and for Related Matters (HB. 2396).
The proposed legislation seeks to create a dedicated institutional hub aimed at strengthening Nigeria’s capacity to combat financial crimes through structured professional training, policy development, cutting-edge research, and inter-agency collaboration.
Highlighting the importance of the bill, Hon. Ginger Onwusibe noted that legal frameworks must be backed by specialized intelligence and institutional training to effectively counter evolving financial crimes. The establishment of the EFCC Institute provides a statutory foundation to continuously equip law enforcement personnel and anti-corruption agencies with modern detection and prosecution capabilities.
Having been laid on October 23, 2025, and now successfully adopted by the House, the bill represents a decisive step toward institutionalizing professional excellence within Nigeria’s financial crime prevention architecture.
Having successfully scaled Third Reading in the House of Representatives, HB. 2396, which represents a decisive step toward institutionalizing professional excellence within Nigeria’s financial crime prevention architecture, now awaits concurrence by the Senate before transmission to the President for assent.
