THE SIMILARITIES BETWEEN EFCC AND ICPC

 The first most similarities between the Economic and financial crimes commission and the independent corrupt practices commission is that both agencies are anti- graft commission whose mandates is to receive and investigate reports of corruption and in appropriate cases prosecute the offender(s) to examine, review and to enforce the correction of corruption prone system and procedures of public bodies, with a view to eliminating corruption in public life and to educate and enlighten the public on and against corruption and related offences with a view to enlisting

and fostering public support for the fight against corruption. For the ICPC, its mandate to prosecute financial malpractices is contained under section 6(a-f) of the Act 2000. Also the mandate of the EFCC to prosecute financial malpractices is provided under section 6 (a-f) of the Establishment Act 2004.

Again, both the Economic and financial crimes commission and the independent corrupt practice commission are both creation of the legislature. That is to say that both agencies are created by the Act of national Assembly. Section (1) of the Economic and financial crimes commission (Establishment) Act 2004 provides for it establishment of a body known as the Economic and financial crimes and commission. Also the independent corrupt practices commission is established under section 3(1) of the independent corrupt practice and other related offences Act 2000.

Another similarities between the Economic and financial crimes commission and the independent corrupt practice commission is that they are the only government agencies saddled with the responsibility to institute a legal actions against any corrupt individuals be it in public or private sectors.

 The powers of the independent corrupt practice commission to prosecute offenders in relation to financial malpractices is contained under section 61 of the Act 2000. Also such powers to prosecute offenders by the Economic and financial crimes commission is provided under section 14 of the Act 2004.

 Again, both Economic and financial crimes commission and the independent corrupt practices commission share some similarities in that both agencies are executive bodies. Both the EFCC and ICPC even though are said to be independent, are under the control of the executive arm of government. The president under section 3(2) of the Economic and financial crimes commission (Establishment) 2004 may at anytime appoint or remove a member of the commission subject to the confirmation of the senate. The president also appoints or dismisses the chairman or members of the independent corrupt practices commission subject to the confirmation of the senate.

Again, both Economic and financial crimes commission and independent corrupt practices commission are bodies corporate with perspective succession and be sued in their corporate names and can be used in their corporate names. That is Even though those financial malpractices are crimes and so should be instituted by the state against the individuals. The Economic and financial crimes commission and independent corrupt practice commissions are empowered by the Acts to institute legal actions against corrupt officials.