The Economic and Financial Crimes Commission (EFCC) has reaffirmed its commitment to tackling fraud and corruption within Nigeria’s insurance industry, as it concluded a three-day capacity-building workshop on Insurance-Related Fraud Prevention, Detection, and Investigation at the EFCC Academy in Abuja.
Executive Chairman of the EFCC, Mr. Ola Olukoyede, who spoke through the Deputy Commandant of Training, ACE I Halima Rufai, urged participants to translate lessons from the training into tangible results in the field.
> “The real success of this training will be seen in stronger investigations, better inter-agency cooperation, and tangible results in the fight against economic and financial crimes,” he said.
The workshop, held from November 10 to 12, 2025, featured intensive sessions on topics such as insurance practices, fraud detection techniques, internal control systems, evidence analysis, and the legal frameworks governing insurance operations in Nigeria. Participants also engaged in real-life scenario demonstrations and group presentations.
Olukoyede emphasized that the insurance sector is a critical pillar of Nigeria’s financial system, calling for vigilance, professionalism, and integrity among investigators to safeguard the industry’s stability and public trust.
The EFCC chairman reiterated that the initiative aligns with the Commission’s broader strategy to enhance institutional capacity, promote inter-agency collaboration, and strengthen early detection and prevention mechanisms across all key sectors of the economy.
