Section 42 EFCC Act 2004 Section 42 of the EFCC Act 2004 is about General Savings. Any offence committed or proceedings instituted before the commencement of this Act under the provisions of the –(a) Miscellaneous Offences Act; (b) the Banks and Other Financial Institutions Act 1991 as amended; (c) Failed Banks (Recovery of Debt and…

Section 41 EFCC Act 2004 Section 41 of the EFCC Act 2004 is about Immunities. Subject to the provisions of this Act, an officer of the Commission when investigating or prosecuting a case under this Act, shall have all the powers and immunities of a Police Officer under the Police Act and any other law…

Section 40 EFCC Act 2004 Section 40 of the EFCC Act 2004 is about Appeals against interlocutory rulings. Subject to the provisions of the constitution of the Federal Republic of Nigeria 1999, an application for stay of proceedings, in respect of any criminal matter brought by the commission before the High Court shall not be…

Section 39 EFCC Act 2004 Section 39 of the EFCC Act 2004 is about Protecting informants and information, etc and penalty for false information. (1) Officers of the Commission cannot be compelled to disclose the source of information or identity of their informants except by the order of the court (2) Any person who makes…

Section 38 EFCC Act 2004 Section 38 of the EFCC Act 2004 is about Power to receive information without hindrance etc. (1) The Commission shall seek and receive information from any person, authority, corporation or company without let or hindrance in respect of offences it is empowered to enforce under this Act. (2) A person…

Section 37 EFCC Act 2004 Section 37 of the EFCC Act 2004 is about Annual Report. The Commission shall, not later than 30th September in each year, submit to the National Assembly, a report of its activities during the immediately preceding year and shall include in such report the audited accounts of the Commission.

Section 36 EFCC Act 2004 Section 36 of the EFCC Act 2004 is about Accounts and Audits. (1) The Commission shall keep proper accounts, in a form, which conforms to accepted commercial standards of its receipts, payments, assets and liabilities and shall submit the accounts annually, for auditing by a qualified auditor appointed from the…

Section 35 EFCC Act 2004 Section 35 of the EFCC Act 2004 is about Funds of the Commission. (1) The Commission shall establish and maintain a fund from which shall be defrayed all expenditure reasonably incurred by the Commission for the execution of its functions under this Act. (2) There shall be paid and credited…

Section 34 EFCC Act 2004 Section 34 of the EFCC Act 2004 is about Freezing order on bank or other financial institutions. (1) Notwithstanding anything contained in any other enactment or law, the Chairman of the Commission or any officer authorized by him may, if satisfied that the money in the account of a person…

Section 33 EFCC Act 2004 Section 33 of the EFCC Act 2004 is about Consequences of an acquittal in respect of assets and properties. (1) Where a person is discharged or acquitted by a Court of an offence under this Act, the Court may make an order of revocation or confirmation as the case may…