EFCC RECOVERS ₦1.23TN AND $684M IN 32 MONTHS

The Economic and Financial Crimes Commission has recovered ₦1.23 trillion and $684 million in proceeds of crime within the last 32 months, according to the agency’s Chairman, Ola Olukoyede.

Olukoyede disclosed the figures while highlighting the commission’s efforts to strengthen the fight against economic and financial crimes across Nigeria.

He said the recoveries were made through investigations and enforcement actions involving cases of alleged fraud, corruption and other financial crimes.

According to the EFCC chairman, the agency has continued to improve its strategies for tracing and recovering assets and funds believed to have been acquired through unlawful activities.

Olukoyede said the commission was focused not only on securing convictions but also on ensuring that proceeds of crime are recovered and returned to the appropriate authorities where necessary.

He added that the EFCC would continue to collaborate with local and international agencies to tackle financial crimes, particularly those involving complex transactions and assets located outside Nigeria.

The chairman said the commission remained committed to strengthening transparency and accountability in public and private institutions.

The reported recoveries come amid ongoing calls for stronger action against corruption and financial crimes, with the EFCC maintaining that asset recovery remains a key part of its mandate.