The Economic and Financial Crimes Commission recovered more than N1.23 trillion and $684 million between October 2023 and June 2026, its Chairman, Ola Olukoyede, has disclosed.
Olukoyede made the disclosure on Monday at the EFCC headquarters in Abuja while presenting an overview of the commission’s achievements since he assumed office.
He said the recoveries were recorded through sustained enforcement, institutional reforms, prosecution, asset recovery, restitution and cooperation with both local and international partners.
According to him, the EFCC recovered N1,233,612,040,411.11, $684,478,457.32, £373,905.78 and €9,343,803.66, alongside funds recovered in other currencies, during the period.
Olukoyede said N397.26 billion, representing 33 per cent of the naira recoveries, was recovered directly for the Federal Government, while N836.34 billion, or 67 per cent, was recovered on behalf of ministries, departments and agencies, state revenue services, businesses, individuals and foreign victims.
“Two out of every three naira recovered were on behalf of beneficiaries other than the Federal Government,” Olukoyede said.
He maintained that the effectiveness of asset recovery should be measured by how recovered funds and properties are ultimately returned to the public and legitimate beneficiaries.
The EFCC chairman disclosed that N661.32 billion and $492.37 million had been released to beneficiaries during the period under review.
He explained that N325.35 billion of the naira disbursements went directly to individuals and corporate organisations, while N335.97 billion was released to government agencies, the Nigerian Revenue Service, state internal revenue services, public institutions, companies and individuals.
EFCC secures forfeiture of 10,053 assets
Beyond financial recoveries, Olukoyede said the commission obtained interim and final forfeiture orders covering 10,053 tangible assets.
The assets comprised 8,198 electronic devices, 1,177 real estate properties, 370 vehicles and 251 plots of land.
He added that the forfeited properties also included schools, factories, hotels, shops, oil rigs, barges, machinery and aircraft.
The commission, he said, also secured the forfeiture of 102 tonnes of solid minerals.
“Proceeds from disposal under final forfeiture orders amounted to approximately N12.07 billion and were paid to the Federal Government,” he said.
On its activities in the foreign exchange sector, Olukoyede said the EFCC handled 234 Bureau de Change-related cases and obtained 73 convictions during the period.
EFCC received 49,673 petitions
Olukoyede further revealed that the commission received 49,673 petitions between October 2023 and June 2026, investigated 39,615 cases, instituted 14,476 cases in court and secured 10,872 convictions.
He said the figures represented a 75.1 per cent conviction-to-filing ratio.
“In the first half of 2026 alone, we recorded 1,370 convictions from 1,889 filings,” he said.
According to him, the results reflected the commission’s emphasis on thorough investigations, resilience and a prosecutorial strategy centred on evidence and successful courtroom outcomes.
He said EFCC records between 2024 and 2026 showed 46,288 offences across nine major categories, with advance fee fraud and cybercrime accounting for almost two-thirds of the cases.
The chairman noted that recorded offences rose by 24.1 per cent between 2024 and 2025, with notable increases in procurement fraud, bank fraud, cybercrime and economic-governance offences.
Olukoyede said the figures showed that the EFCC’s anti-corruption campaign extended beyond cases involving high-level corruption.
He said the commission was also focused on protecting individuals, businesses and public institutions from fraud, cybercrime and other forms of economic exploitation.
The EFCC chairman also disclosed that more than 40 members of staff had been dismissed for corruption and financial malpractice over the past three years.
He said the disciplinary actions were part of efforts to improve accountability and integrity within the commission, stressing that officers responsible for enforcing anti-corruption laws must also be held to high ethical standards.
