The Economic and Financial Crimes Commission (EFCC) has reopened its long-abandoned life insurance scheme after the tragic killing of an official by suspected online fraudsters in Anambra State. For over two decades, the agency charged with combating financial crimes failed to provide its employees with life insurance, leaving its personnel exposed to significant occupational risks.
This negligence came to light after a deadly attack in January, where suspected “Yahoo Boys” ambushed EFCC officers, leaving one dead and another critically injured. The tragedy has sparked public outrage and questions about the agency’s commitment to safeguarding its workforce.
A Shocking Revelation
The existence of a life insurance scheme for EFCC employees was confirmed, but it had been dormant since the tenure of Farida Waziri, a former EFCC chairman who left office over a decade ago. An insider revealed, “We no longer have life insurance. The last time families of deceased officials received compensation was during Waziri’s administration.”
The attack occurred during an operation to apprehend suspected cybercriminals in Anambra State. The suspects opened fire on EFCC detectives, killing one officer on the spot and critically injuring another. The incident prompted the agency to revisit its long-neglected insurance plan.
Leadership Reacts
Ola Olukoyede, the EFCC chairman, acknowledged the negligence and announced measures to address the insurance gap. Speaking at the commission’s 2024 awards ceremony in Abuja, Olukoyede said, “It has been 20 years since we had any kind of insurance, either life or non-life. This is unacceptable.”
He assured employees that efforts to reactivate the insurance program were underway, with plans to fully implement both life and property insurance schemes within two months. Olukoyede also announced promotions for 900 employees, some of whom had waited up to seven years for career advancement.
Public Outcry and Stakeholders’ Criticism
The revelation of the dormant insurance plan has sparked widespread criticism. Stakeholders have questioned how an agency tasked with eradicating corruption, including in the insurance sector, could neglect the welfare of its own employees.
“The EFCC has worked closely with the National Insurance Commission (NAICOM) to address fraud and money laundering in the insurance industry. Yet, it failed to protect its staff who face significant risks,” noted an industry analyst.
EFCC officers often face threats and retaliation from criminals targeted in their investigations. The recent attack has highlighted the vulnerability of these frontline workers and the agency’s failure to provide adequate protection.
A History of Neglect
The EFCC has long emphasized its commitment to integrity and zero tolerance for corruption. It has even dismissed officials found guilty of misconduct. However, its inability to prioritize employee welfare has raised concerns about its internal practices.
Observers argue that the absence of insurance coverage for 20 years is a glaring oversight, especially for an agency operating in a high-risk environment. “This is not just about negligence; it’s a failure to lead by example,” said a public affairs commentator.
Steps Towards Reform
Under Olukoyede’s leadership, the EFCC has pledged to improve employee benefits. Beyond reactivating the insurance program, the agency is also working on cost-of-living adjustments and providing transportation for staff.
“You should be aware that we have been working on several projects related to employee welfare,” Olukoyede said. “Even if we must put in a lot of effort, we ought to receive payment for the risks we assume in this line of work.”
The chairman’s statements have provided some reassurance, but questions remain about why the insurance scheme was abandoned in the first place and who should be held accountable.
A Call for Accountability
Critics are demanding an investigation into the 20-year gap in the insurance program. How an agency dedicated to financial accountability failed to maintain its own employee welfare remains a mystery.
“The EFCC needs to explain what happened to its insurance plan during those years. Was it a matter of funding, negligence, or something else? Nigerians deserve answers,” said an analyst.
Meanwhile, Olukoyede has promised to restore trust within the agency and prioritize the safety and well-being of its employees. “We are working to ensure that such oversights never happen again,” he said.
A Warning for Other Agencies
The EFCC’s situation serves as a cautionary tale for other government agencies in Nigeria. Employee welfare, particularly in high-risk professions, should never be overlooked. The tragic loss of an officer could have been avoided if the necessary protections had been in place.
As the EFCC works to rebuild its insurance program, the agency faces renewed scrutiny. Nigerians will be watching to see if the promises made in the wake of this tragedy translate into lasting reforms. For now, the tragedy remains a grim reminder of the dangers faced by those on the frontlines of Nigeria’s anti-corruption battle.
