Economic and Financial Crimes Commission (EFCC) As A Strategy For Managing Nigerian External Reserves For Sustainable Development
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Good governance allows a responsible economic and financial management of a nation 's public and
natural resources, for the purpose of growth and development. Nigeria 's ability to make remarkable progress in
curbing corruption and instituting pragmatic/workable economic and public sector reforms in the system via
anti-corruption activities will give her a chance to achieve sustainable growth and development in the
management of external reserves. The mechanisms of Economic and Financial Crimes Commission (EFCC),
independent and Corrupt Practices Commission (ICPC) and due process have been very instrumental in this
regard. An empirical survey on the performance of EFCC shows that the agency is a very key strategy in
redeeming the battered image of the Nigeria and making her external reserves management skills a successful
one in spite of the fact that criticisms have trailed the agency's activities. The paper concludes that on the
overall, the realization of the laudable objectives of good external reserves management will be a mirage if
leadership problems of lack of integrity, transparency, corruption, and a travesty/disregard for due process,
continue to subsist due to an absence of a vehicle for accountability like the EFCC
Keywords
HD28 Management. Industrial Management, HF Commerce, HF5601 Accounting