The Economic and Financial Crimes Commission, EFCC, has recovered N1.23tn, $684.48m, £373,905 and €9.34m between October 1, 2023, and June 30, 2026, EFCC Chairman Ola Olukoyede has disclosed.
Olukoyede made the disclosure on Monday while addressing media executives and journalists in Abuja, describing asset recovery as one of the major pillars of the commission’s activities.
According to the EFCC chairman, the recovered funds and assets were traced to proceeds of financial crimes, with a significant portion of the naira recoveries made on behalf of various Federal Government ministries.
He said the commission recovered N1,233,612,040,411.11, $684,478,457.32, £373,905.78 and €9,343,803.66, in addition to recoveries made in other currencies during the period under review.
EFCC Recovers N397bn Directly for Federal Government
Olukoyede disclosed that about N397.26bn, representing 33 per cent of the total naira recovery, was recovered directly for the Federal Government.
He explained that the remaining N836.34bn, representing 67 per cent, constituted indirect recoveries made on behalf of various government ministries.
“Of the naira amount, approximately N397.26bn, representing 33 per cent, represented direct recoveries for the Federal Government, while N836.34bn, representing 67 per cent, represented indirect recoveries made on behalf of ministries,” he said.
The EFCC chairman said the figures demonstrated the commission’s continued efforts to recover proceeds of financial crimes and protect public resources.
Asset Recovery Remains EFCC Priority
Olukoyede described asset recovery as a key component of the EFCC’s mandate and its broader efforts to combat economic and financial crimes in Nigeria.
He said the commission would continue to strengthen its investigations, recover illicit assets and support efforts aimed at safeguarding government resources.
The EFCC chairman made the disclosure as part of his engagement with media executives and journalists in Abuja, where he highlighted the commission’s activities and achievements under his leadership.
The EFCC is expected to provide further details on the recoveries and other aspects of its operations.
