The Economic and Financial Crimes Commission recovered more than N1.23tn and $684m in assets and proceeds linked to financial crimes between October 2023 and June 2026, the commission’s Chairman, Ola Olukoyede, has disclosed.
Olukoyede made this known on Monday in Abuja while speaking with media executives and journalists, noting that asset recovery remained a major part of the EFCC’s efforts in combating economic and financial crimes.
He said the commission recovered N1,233,612,040,411.11, $684,478,457.32, £373,905.78 and €9,343,803.66 during the 32-month period, in addition to funds recovered in other currencies.
“Between 1 October 2023 and 30 June 2026, the Commission recorded recoveries of N1,233,612,040,411.11, $684,478,457.32, £373,905.78 and €9,343,803.66, in addition to recoveries in other currencies,” the EFCC chairman stated.
Olukoyede explained that about N397.26bn of the naira recovery was directly recovered for the Federal Government.
He said the amount represented approximately 33 per cent of the total naira recovery recorded during the period.
According to him, the remaining N836.34bn, or about 67 per cent, was recovered indirectly 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 described asset recovery as a critical component of the commission’s mandate, stressing that recovered funds and assets were important to protecting public resources and strengthening the fight against financial crimes.
He said the commission would continue to pursue the recovery of proceeds of crime as part of its broader efforts to promote accountability and safeguard government resources.
