389 Chapter Thirteen Economic and Financial Crimes Commission and the Accountability of Corrupt Foreign Actors in Nigeria Obiora C. Okafor and Benson C. Olugbuo ______________________________________________________ Introduction According to media reports in May 2010, the former Chairperson of the Economic and Financial Crimes Commission (EFCC), the retired Assistant Inspector-General of Police Farida Mzamber Waziri, “angrily accused foreign companies [mostly multinationals] of encouraging corruption by offering bribes to secure contracts in the country [i.e. in Nigeria]” (The Nigerian Inquirer, 2010). Interestingly, scholarly research by Macleans Geo-Jaja and Garth Magnum (2000) has concluded that many of these foreign Multinational Companies (MNCs) bribe foreign officials in Nigeria for many different reasons, and are sometimes driven to hand out such bribes in Nigeria, more by the urge to “beat out” other foreign companies (including some from the very same country) in the competition to secure vastly lucrative oil, telecommunications and other huge contracts, and less by the mere fact that bribes are too often demanded from these companies by too many Nigerian Government officials. Taken together, AIG Waziri’s statement (which, as we shall show in section III, is backed by extensive evidence) and the research findings of Geo-Jaja and Magnum, suggest that the phenomenon of foreign actor-perpetrated corrupt practices in Nigeria, which is in a sense the “supply side” of many bribery equations, may be a significant contributor to the relatively high degree of prevalence in that country of what we will henceforth refer to as “grand corruption” (Gathii, 1999; Moody-Stuart, 1996; Opara, 2007; Enweremadu and Okafor, 2009; Isomine-Ikoku,