EFCC Recovers N70.5 Billion in 100 Days, Secures 747 Convictions in Anti-Graft Drive

In a relentless 100-day campaign against financial crimes, the Economic and Financial Crimes Commission (EFCC) has announced the recovery of a staggering N70,556,658,370.5. This substantial sum, obtained between October 2023 and January 19, 2024, underscores the agency’s unwavering commitment to combating corruption.

According to an exclusive report obtained from an EFCC document titled ‘Operations and Recoveries,’ the commission diligently retrieved N60,969,047,634.25, $10,522,778.57, £150,002.10, and €4,119.90 during the mentioned period.

In a testament to their nationwide impact, the EFCC received 3,325 petitions, acted upon 2,657 of them, and successfully secured convictions for 747 individuals involved in financial crimes such as money laundering and internet fraud.

Breaking down the recovered amounts, the EFCC headquarters spearheaded the efforts with N49,607,391,330.44, $3,900,200.75, £2000, and £110. Other notable contributions came from the Maiduguri, Gombe, Kano, Makurdi, Enugu, Uyo, Port Harcourt, Sokoto, Kaduna, Ilorin, Abuja, Ibadan, Lagos, and Benin Zonal Commands.

Chairman Ola Okukoyede, during an EFCC event in Abuja, disclosed that a significant portion of the 747 convictions stemmed from cybercrime offenses. This revelation occurred during the launch of the Fraud Risk Assessment Project for Ministries, Departments, and Agencies, reinforcing the EFCC’s multifaceted approach in the fight against corruption.

Kindly share this story: