EFCC Recovers N70 Billion in 100 Days

The Economic and Financial Crimes Commission, EFCC has disclosed that it recovered N70 billion within 100 days, between October 2023 and January 19, 2024.

The recovery details were outlined in an EFCC document titled ‘Operations and Recoveries.’

During this period, the EFCC received 3,325 petitions, accepting 2,657.

The anti-graft commission secured the convictions of 747 individuals for financial crimes, spanning offences from money laundering to internet fraud.

A breakdown of the recovery data revealed that the EFCC headquarters recovered N49.6 billion, $3.9 million, £2,000, and £110.

Other commands and zones, including Maiduguri, Gombe, Kano, Makurdi, Enugu, Uyo, Port Harcourt, Sokoto, Kaduna, Ilorin, Abuja, Ibadan, Lagos, and Benin, contributed significantly to the overall recovery.

The EFCC Chairman, Ola Olukoyede, disclosed that most of the 747 convictions were related to cybercrime offences.

The EFCC Chairman made the revelation during a dialogue in Abuja where he assured Nigerians of the commission’s commitment to addressing financial crimes and corruption in the country