The Economic and Financial Crimes Commission (EFCC) states that procurement and contract fraud account for more than 90 percent of corruption cases in Nigeria.
The commission’s chairman, Ola Olukoyede, disclosed this in a public lecture announcement shared on the EFCC’s social media platforms.
Mr Olukoyede explained that the fraud takes different forms, including government contracting, construction deals, and public-private sector procurement, adding that such practices are carried out at the expense of citizens.
He listed bid rigging, kickbacks, product substitution, and bribery as common features of procurement fraud, which, according to him, result in financial losses and erode public trust.
Citing Section 58 of the Public Procurement Act (2007), the EFCC warned that anyone found guilty of procurement fraud is liable to a prison term of between five and ten years without the option of a fine.
The agency referenced the recent conviction of an Indian national, Chandra Singh, who was sentenced in Lagos in February 2025 to 10 years’ imprisonment for procurement fraud involving N816 million.
