The Special Unit Against Money Laundering, SCUML, of the Economic and Financial Crimes Commission, EFCC, has emerged Nigeria’s Most Effective Regulatory Agency of The Year 2025, in Abuja.
Governance Today Nigeria, in collaboration with African Independent Good Governance Monitoring Network, AGMN, gave the award to the Unit for its “contribution to the fight against money laundering and countering terrorist financing through its regulatory standpoint”.
In his opening remarks, the Convener and Founder of AGMN, Dr Sylvester Omose, justified SCUML’s choice for the Award, pointing out that the Unit’s doggedness in effectively delivering on its mandate is exceptional and commendable.
According to him, SCUML is exceptional owing to its great performance as a financial regulatory Unit and because of its outstanding actions in the face of daunting tasks of tackling money laundering and countering terrorist financing and corruption.
He tasked the Nigerian media to refocus on their agenda setting by encouraging community development, stressing that it’s time for the media to adopt strategic communication in its reportage.
In his response while receiving the award, SCUML Director, Deputy Commander of the EFCC, DCE Harry Erin, on behalf of the Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede, expressed appreciation and gratitude for the honour and recognition, reiterating the Commission’s commitment to ensuring international best practices in the fight against money laundering and countering terrorist financing.
Erin said the seamlessness in applying for SCUML certificate was informed by the remodelling of the SCUML portal to improve on its service delivery without any bottlenecks.
He reiterated that SCUML’s registration is free and can be completed on the official website. “The Economic and Financial Crimes Commission (EFCC), which oversees SCUML does not charge for the registration of the certificate.
Today, SCUML’s registration takes a day due to the efficiency in clearing application and the completeness of documents while an e-certificate takes 48 hours after the application is approved and signed by the Director of SCUML”.
He further disclosed that the SCUML’s registration portal is fully functional and accessible, processing an average of 600 applications daily from businesses and individuals across Nigeria.
