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The EFCC was established with the following objectives:
* To combat financial and economic crimes, including advance fee fraud, money laundering, corruption, and other related offences.
* To investigate and prosecute financial and economic crime offenders.
* To prevent financial and economic crimes through public awareness and education.
* To collaborate with other law enforcement agencies both within and outside Nigeria to combat financial and economic crimes.
* To trace, recover, and dispose of proceeds of financial and economic crimes.
* To cooperate with international organisations in the fight against financial and economic crimes.
* To develop and implement strategies to prevent and control financial and economic crimes in Nigeria.
* To carry out research and studies on financial and economic crimes in Nigeria.
* To make recommendations to the Federal Government on policies and measures to combat financial and economic crimes.
* To perform such other functions as may be conferred on it by law.