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EFCC recovers N70bn in 100 days

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The Economic and Financial Crimes Commission (EFCC) has recovered a total of N70,556,658,370.5 within 100 days, between October 2023 and January 19, 2024.

Details of the recovery outlined in an EFCC document titled ‘Operations and Recoveries’, were obtained on Wednesday, reports said.

The document revealed that between October 2023 and January 19, 2024, the EFCC recovered N60,969,047,634.25, $10,522,778.57, £150,002.10, and €4,119.90, making a total of N70,556,658,370.5 recovered by the anti-graft commission within the period.

Within the same period, the EFCC received a total of 3,325 petitions, accepted 2,657 of the petitions, and secured the convictions of 747 persons for financial crime offences ranging from money laundering to internet fraud.

A breakdown of the data shows that the EFCC headquarters alone recovered N49,607,391,330.44, $3,900,200.75, £2000, and £110.

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The Maiduguri Zonal Command recovered N58,065,870 and $3,370. Gombe Command recovered N127,323,028.50 and $1,500. Kano Command recovered N141,944,451 and $365.

Makurdi Command recovered N53,228, 325. Enugu Command recovered N202,117,000 and $1,950. Uyo Command recovered N25,299,950 and $710, while Port Harcourt Zonal Command recovered N2,412,247,210.05 and $5,714,389.21.

Sokoto Command recovered the sum of N100,696,118.72, while Kaduna Command recovered N331,494,710.81, $912, £50, and €1,610.

The document also indicated that the Ilorin Command recovered N80,280,580.86 and $880, while the Abuja Zonal Command recovered N825,928,463 and $10,000.

The Ibadan Zonal Command recovered N135,519,810, $14517, £280, and €500, while the Lagos Zonal Command recovered N6,826,993,798.78, $868,284.61, £147,672.10, and €1899.90.

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The EFCC, through its Benin Zonal Command, also recovered N49,515,987.09 and $5,700.

Meanwhile, within the same period, the EFCC secured the conviction of 747 for offences ranging from money laundering to cybercrime.

However, the Chairman of the Economic and Financial Crimes Commission, Ola Okukoyede, revealed at a dialogue in Abuja that most of the 747 convictions secured by the commission involved persons who were prosecuted for cybercrime offences.

EFCC chairman cautioned the perpetrators to discontinue such immoral acts

Economic and Financial Crimes Commission chairman, Ola Olukoyede

Olukoyede made this known during an Economic and Financial Crimes Commission event themed ‘Dialogue on Youth, Religion, and the Fight against Corruption’, which was held at the Musa Yar’Adua Centre, Federal Capital Territory.

The EFCC boss also launched its Fraud Risk Assessment Project for Ministries, Departments, and Agencies during the event.

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