EFCC Reports ₦1.233tn Recovery and 10,872 Convictions in Three Years
The Economic and Financial Crimes Commission says it recovered ₦1.233 trillion, $684.48 million, £373,905.78 and €9.34 million between October 2023 and June 2026. EFCC Chairman Ola Olukoyede presented the figures in Abuja during his three-year stewardship report. According to the commission, ₦397.26 billion was recovered directly for the Federal Government, while ₦836.34 billion was recovered for government agencies, states, companies, individuals and foreign victims. It said ₦661.32 billion and $492.37 million had been released to beneficiaries. The EFCC also said it received 49,673 petitions, investigated 39,615 cases, filed 14,476 cases and secured 10,872 convictions. It reported that 10,053 assets, including properties, vehicles, electronic devices and land, were forfeited under court orders. Olukoyede said recovered funds supported allocations to NELFUND and the Nigerian Consumer Credit Corporation, while a forfeited university was converted to the Federal University of Applied Sciences, Kachia. He added that the commission would focus on prevention, restitution, technology and professional conduct.
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