The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede has stated that enforcement of extant laws and compliance are crucial to the attainment of impactful results in public policies.
He disclosed this in Abuja on Wednesday while receiving officials of BudgIT who paid him a courtesy visit in his office.
According to Olukayode, “Public policies are designed for public good but without strict enforcement of relevant laws, the objectives of the policies may not be achieved.
“I have found out that the difference between policy and impact are the issues of compliance and enforcement.”
Olukayode applauded BudgiT for its works in infusing transparency and accountability in public financing, and assured the organization of massive collaboration and active engagement.
He said, “The work you do and your reports are very critical as sources of intelligence and information to us. If I am going to collaborate with any organization at all, it has to be BudgiT.
“We are on the side of enforcement and you are on the side of information gathering. We must have a meeting point where we work together. We will give you the teeth to bite or do the biting for you.”
He further stated that the EFCC under his leadership was prioritizing the corruption prevention mandate of the Commission for its cost effectiveness.
“Our core area is investigation and prosecution but now I have introduced a third leg to it, which we call “Fraud Risk Prevention and Control. You will see us doing much of that now”, he said.