The Economic and Financial Crimes Commission (EFCC) is set to partner with the National Office of Investigation, Korean National Police Agency (KNPA), to tackle economic and financial crimes and strengthening institutional capacities between the two countries.
The Memorandum of Understanding, (MoU) was signed on Saturday in Seoul, South Korea, at the 3rd International Counter-Fraud Conference with the themed “Global Fraud Shield: Coordinated Defence against Evolving Threats,” hosted by the Korean National Police Agency with Ola Olukoyede, the EFCC Chairman, signing on behalf of the anti-graft agency while the Deputy Commissioner General of KNPA, Park Seong-Ju, signed on behalf of the Korean agency.
According to a statement by the EFCC, the MoU focuses on information exchange, best practices sharing, capacity building, institutional strengthening, research collaboration, asset recovery coordination, public education, mutual support platform, training exchange, international cooperation and flexible expansion.
Speaking on the arrangement, Olukoyede stated that the pact represents formalization of bilateral commitment to enhanced cooperation in combating economic and financial crimes between the two agencies.
