The executive chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede, has urged Nigerians to ensure “compliance” with the rules and regulations of society.
He noted that a lack of compliance with given rules is the root of corruption in the country.
In a statement by EFCC spokesperson Dele Oyewale on Thursday, Olukoyede made the assertion when a delegation from the Compliance Institute, Nigeria, CIN, led by its President, Pattison Boleigha, paid him a courtesy visit at the corporate headquarters of the commission in Abuja.
He explained that the essence of their work is compliance and enforcement, adding that the Commission will not hesitate to apply the force of law to people who fail to play by the rules.
According to him: “The success of any process or procedure in any society is based on the issue of compliance. The difference between developed countries and underdeveloped ones is simply compliance. If you take compliance out of developed countries, they would be as terrible and as poor as the underdeveloped countries. If we get it right with compliance, we have gotten it right with governance and corporate governance in Nigeria.”
Earlier in his address, Boleigha, disclosed that the visit was an offer to the commission for collaborative engagement and to foster a mutually beneficial relationship on matters pertinent to compliance.
He thanked Olukoyede for his extensive contributions to the fields of compliance management, corporate intelligence and fraud management, adding that the EFCC chairman’s track record of undertaking anti-corruption surveys and reviews for various law enforcement agencies, government institutions and corporate organisations, as well as his commitment to manpower development, was a testament to his dedication and expertise.