4.4 Objective Four: Fight Against Corruption and Money Laundering 4.4.1 The fight against corruption and money laundering is being pursued vigorously. The EFCC has cumulatively recovered assets valued over US$11.0 billion and secured over 650 convictions. As part of the efforts to reposition anti-corruption and anti-money laundering agencies, the Money Laundering (Prohibition Act 2004) has been revised. The EFCC currently operates the revised version of the Money Laundering (Prohibition Act) 2011 which addresses the observed loopholes in the 2004 Act, especially as it relates to the Nigerian Financial Intelligence Unit (NIFU) and the Special Control Unit, two units which deal with Designated and Non-Designated Financial Institutions in Nigeria. 4.4.2 For purposes of strengthening the Commission and providing more interfaces with the public, some strategic units were created. These include the following:  the Transactions Clearing Platform: This enables foreign investors seek the EFFC to check out their prospective business partners here in Nigeria before they formalize their business transactions. This is an online interface and has saved many investors from being duped by some unscrupulous businessmen. It is done with assistance from the Corporate Affairs Commission which confirms or otherwise, the corporate status of such organizations and unveils the identities of their Directors;  Strategy and Re-Orientation Unit (SARU), is the advocacy arm of the EFCC which captures every segment of the populace and 44

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