The Economic and Financial Crimes Commission (EFCC) has intensified efforts to curb fraudulent practices within Nigeria’s insurance industry, reaffirming its commitment to safeguarding the sector through enhanced training and inter-agency collaboration.
Executive Chairman of the Commission, Mr. Ola Olukoyede, gave the assurance in Abuja at the closing ceremony of a three-day capacity-building workshop on insurance-related fraud prevention, detection, and investigation. The training, held at the EFCC Academy between November 10 and 12, 2025, brought together investigators and stakeholders for intensive sessions on tackling financial crimes in the insurance ecosystem.
Represented by the Deputy Commandant of Training, Assistant Commander of the EFCC (ACE I) Halima Rufau, Olukoyede commended participants for their dedication and urged them to apply the knowledge gained to strengthen national financial integrity.
“Let us take the lessons learnt here into the field, applying them with diligence, professionalism, and integrity,” he said. “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.”
The workshop covered a broad range of topics, including insurance operations in Nigeria, fraud-prone products, legal and regulatory frameworks, common fraud schemes, detection techniques, internal control systems, compliance tools, and evidence analysis for prosecution. Participants also examined real-life case scenarios and delivered group presentations.
Olukoyede emphasized that the insurance industry remains a critical pillar of Nigeria’s financial system and stressed the need for vigilance and technical expertise to detect and disrupt schemes capable of undermining sector stability.
The initiative is part of the EFCC’s wider strategy to bolster investigative capacity among its personnel and partner agencies, ensuring a proactive approach to preventing economic and financial crimes across key sectors of the economy.
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