The Economic and Financial Crimes Commission (EFCC) and the Department of State Services (DSS) in Kwara State have reaffirmed their commitment to enhancing collaboration in the fight against corruption.
This pledge was highlighted during a courtesy visit by the Kwara State DSS Director, Michael Oganwu, to the EFCC’s Ilorin Zonal Command on Tuesday. Oganwu, in his remarks, emphasized the importance of maintaining and deepening the strong working relationship between the two agencies.
“I am here to build on the existing cordial relationship between the DSS and the EFCC. Our partnership has a proven track record, and I hope this synergy will continue,” Oganwu stated. He also underscored the necessity of cooperation in combating crimes like money laundering and terrorism financing, noting that no agency can tackle these challenges alone.
In response, Harry Erin, the Director of the EFCC’s Ilorin Zonal Command, acknowledged the long-standing collaboration between the two agencies. He stressed that inter-agency cooperation is essential for the success of any government institution in fulfilling its mandate. Erin expressed gratitude to the DSS for its consistent support, particularly in intelligence gathering and tracking financial crimes.
In a related development, Erin addressed members of the Real Estate Developers Association of Nigeria (REDAN), Kwara State chapter, during a courtesy visit to the EFCC’s Ilorin office. The EFCC Zonal Director urged real estate developers to adhere to due diligence and professionalism, especially regarding “Know Your Customer” (KYC) requirements, to avoid legal infractions.
“The Commission’s aim is not to stifle businesses but to support legitimate enterprises by enforcing laws that strengthen the economy,” Erin stated.
He also called for compliance with the Money Laundering (Prevention and Prohibition) Act, 2022 (as amended), which mandates financial transactions above N5 million for individuals and N10 million for corporate entities to pass through financial institutions. Erin reminded developers to register with the Special Control Unit Against Money Laundering (SCUML), noting that the registration process is free and accessible online.
Additionally, he stressed the importance of maintaining accurate customer records, both electronically and in hard copy, to protect developers from potential criminal liabilities.
Chief Kamaldeen Abioye, Chairman of REDAN’s Kwara State chapter, commended the EFCC for its efforts in combating corruption. He appealed for the Commission’s support in addressing issues such as land grabbing, which negatively impact real estate businesses.
The visit reaffirmed the importance of collaboration between the EFCC and stakeholders in the real estate sector to promote transparency and accountability.
