Olukoyede Tasks OSOPADEC Board, Management on Fiscal Accountability

The Executive Chairman of Economic and Financial Crimes Commission, Ola Olukoyede has charged the new board members and management staff of Ondo State Oil Producing Area Development Commission, OSOPADEC to be guided by a sense of fiscal accountability in the discharge of their duties.

Speaking on Wednesday, October 22, 2025 in Akure, Ondo State, through Assistant Commander of the EFCC, ACE 1 Williams Oseghale on the topic: “Safeguarding the Commission against Corrupt Practices,” he stated that the one way to guard OSOPADEC against corrupt practices was for the board and management to uphold the values of integrity, courage, professionalism and collaboration.

“If we discharge our duties with integrity, courage and professionalism, there will be no issues whatsoever. It is my sincere belief that if every board member, management staff of OSOPADEC uphold these values strictly, OSOPADEC will in no distant time, transform into a foremost Commission that the state will be proud of,” he said.

The EFCC’s boss noted that fiscal accountability was pivotal in the fight against corrupt practices as it involves ensuring that financial resources are allocated and used efficiently, effectively and for the right purpose and further observed that institutions can be safeguarded against corrupt practices if the citizens individually and collectively play their roles with a sense of responsibility.

“The onus is on us as individuals to be accountable, transparent and committed to due process and procedures. We enjoin board members, top management and staff to be foot soldiers in the task of safeguarding institutions against corrupt practices,” he said. He enjoined the staff to be whistleblowers by reporting acts of compromise that fail the test of integrity.

According to him, “The mantra in this regard is when you see something, you must say something and the EFCC will do something. This obligation is now made easier through the Eagle Eye application of the EFCC. The app is a digital reporting device that allows for anonymous reporting. I urge you to avail yourself of this opportunity and become whistle blowers.”

He assured that the EFCC was fully committed to eradicating corruption and economic and financial crimes in Nigeria, stating that the Commission has successfully discharged its mandates of investigation, prosecution and prevention of economic and financial crimes since it came into operations in 2003, leading to record-setting number of convictions, money and other assets recoveries and the restoration of investors confidence on the economy.

The EFCC boss listed some of the Commission’s major milestone achievements to include the convictions of some former state governors, managing directors of banks, top police and military officers, top civil servants and bankers. He also pointed to the recent forfeiture of 753 units of duplexes, recovered in Abuja to the federal government and the deportation of 192 foreigners involved in cyber crimes and money laundering in Lagos as landmark achievements. “These are indications that we are determined to win the war against corruption, no matter how long it may take,” he said.

Professor Tomola M. Obamuyi, the programme facilitator as well as OSOPADEC’s Executive Chairman, Prince Olaleye Poroye Olabiyi, expressed delight with the lecture, describing it as insightful and