EFCC Recovers N1.23tn, $684m in 32 Months
The Economic and Financial Crimes Commission has recovered over N1.23tn, $684.48m, £373,905 and €9.34m from financial crimes between October 2023 and June 2026.
EFCC Chairman, Ola Olukoyede, disclosed the figures on Monday while speaking with media executives and journalists in Abuja, describing asset recovery as a major part of the commission’s efforts to fight economic and financial crimes.
According to Olukoyede, the commission recovered N1,233,612,040,411.11, $684,478,457.32, £373,905.78 and €9,343,803.66 during the 32-month period, alongside recoveries made in other currencies.
He explained that about N397.26bn, representing 33 per cent of the total naira recovery, was recovered directly for the Federal Government, while N836.34bn, or 67 per cent, comprised indirect recoveries made on behalf of various government ministries.
Olukoyede said the recovered funds and assets were linked to financial crimes, stressing that asset recovery remained a key component of the EFCC’s mandate to protect public resources and strengthen the fight against economic and financial crimes.
