The history of the EFCC in Nigeria, an acronym for the Economic and Financial Crimes Commission, began with its establishment in 2003. Since its inception, the commission has managed to prosecute and convict several high ranking individuals on corruption charges, including several bank executives and government officials.
Notable events in the organization's history also include the 2008 investigation of Iyabo Obasanjo-Bello, under suspicions of bribery using funds stolen from the Ministry of Health. The case led to the trial of the then Health Minister and her deputy under charges of stealing approximately $300,000 from unused funds allocated to the ministry.
On Sept/ 14, 2010, Abdullahi Muazu, who served as the head of the EFCC's forensic unit, was assassinated in Kaduna. Prior to his death, he had been actively involved in trials involving several influential bank heads in Nigeria.
The EFCC's legal jurisdiction in Nigeria is limited to financial crimes. As of 2014, the commission falls directly under the governance of the President of Nigeria. This allows the reigning president to appoint and dismiss the EFCC's chairperson. A case of this occurred on Nov. 23, 2011, when President Goodluck Jonathan dismissed chairwoman Farida Mzamber Waziri and replaced her with Ibrahim Lamorde.