The Economic and Financial Crimes Commission (EFCC) has announced the recovery of assets worth over ₦1.17 trillion and the securing of 7,503 convictions nationwide between October 2023 and September 2025.
The Chairman of the Commission, Mr. Ola Olukoyede, disclosed this in Abuja on Thursday during a press conference to mark his second anniversary in office.
Represented by the Director of Public Affairs, Mr. Wilson Uwujaren, Olukoyede said the EFCC had made “unprecedented progress” in the fight against economic and financial crimes over the last 24 months.
According to him, within the period under review, the Commission received over 19,000 petitions, conducted 29,240 investigations, filed 10,525 cases, and secured 7,503 convictions across its zonal offices.
He detailed that the recoveries included ₦566.3 billion, $411.5 million (₦601.7 billion), £71,306 (₦138.9 million), and €182,877 (₦309.9 million), alongside 1,502 non-monetary assets such as real estate and vehicles.
Among the notable recoveries were the final forfeiture of 753 duplexes in Lokogoma, Abuja, and Nok University, now renamed the Federal University of Applied Sciences, Kachia, Kaduna State.
Olukoyede highlighted that the EFCC had also intensified the prosecution of high-profile corruption cases involving former governors Willie Obiano, Abdulfatah Ahmed, Darius Ishaku, Theodore Orji, and Yahaya Bello, as well as former ministers Olu Agunloye, Mamman Saleh, Hadi Sirika, Charles Ugwu, and ex-CBN Governor Godwin Emefiele.
He added that the Commission had reopened several long-standing corruption cases involving Fred Ajudua, former PDP Chairman Haliru Bello Mohammed, former NSA Sambo Dasuki, and ex-NSITF boss Ngozi Olojeme.
In December 2024, the Commission also arrested 792 suspects linked to cryptocurrency and investment fraud in Lagos, including 192 foreign nationals who were later prosecuted and deported.
“This development sent a clear message that Nigeria will not allow its territory to be turned into a safe haven for cybercriminals,” Olukoyede stated.
The EFCC Chairman further revealed that part of the recovered funds had been channelled into key national programmes such as the Students Loan Scheme and Consumer Credit Scheme, amounting to ₦100 billion. He said other agencies including the NDDC, AMCON, FIRS, and NHIA had also benefited from returned funds.
Olukoyede, appointed EFCC Chairman by President Bola Ahmed Tinubu on October 18, 2023, previously served as Chief of Staff to the Commission’s Chairman (2016–2018) and later as its Secretary (2018–2023).
He reaffirmed the EFCC’s commitment to transparency, institutional accountability, and sustained momentum in the anti-corruption fight.
