The Economic and Financial Crimes Commission (EFCC) has 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.
During a dialogue event in Abuja, he made this revelation, themed ‘Dialogue on Youth, Religion, and the Fight against Corruption,’ held at the Musa Yar’Adua Centre in the Federal Capital Territory.
Olukoyede also assured Nigerians of the commission’s commitment to addressing financial crimes and corruption in Nigeria.
Great achievement but what are they doing with the recovered money?