President Bola Ahmed Tinubu has revealed that the Financial and Monetary Crimes Fee (EFCC) has recovered N500 billion and secured over 7,000 convictions underneath his administration, commending the management of Chairman Ola Olukoyede for the achievements.
The commendation got here throughout Tinubu’s keynote deal with on the seventh EFCC-NJI Capability Constructing Workshop for Justices and Judges held on Monday, October 20, 2025, on the Nationwide Judicial Institute, Abuja. The workshop carried the theme: “Enhancing Justice within the Struggle towards Financial and Monetary Crimes.”
Represented by Vice President Kashim Shettima, the President highlighted the administration’s deal with public accountability and institutional independence for anti-corruption businesses.
“As an administration, now we have prioritized public accountability by strengthening the anti-corruption businesses and accorded them the wanted independence to execute their statutory mandates. This enabling setting is clear within the impression that has been made within the final two years.
“The EFCC, for instance, has recorded over 7,000 convictions within the first two years of the current administration and recovered belongings in extra of 5 Hundred Billion Naira. Recovered proceeds of crime by the company have been ploughed again into the financial system to fund important social funding programmes, together with the College students’ Mortgage and Shopper Credit score schemes,” he mentioned.
Anti-corruption struggle
Tinubu confused the pivotal function of the judiciary within the anti-corruption struggle, urging judges and justices to uphold justice and accountability.
“We now have a possibility to consolidate the efforts of the final two years to ship an optimum anti-corruption framework that can assist our peaceable progress and growth. A Nigeria freed from corruption is feasible if all of us decide to doing what is true in our respective spheres of affect and guaranteeing that those that deviate from the norm aren’t allowed to go scot-free. A sturdy judicial system is central to the success of anti-corruption efforts, and I rely on our judges,” he mentioned.
He warned that nobody, together with judges, is immune from the implications of corruption and referred to as for all branches of presidency to collaborate in eradicating corruption for nationwide progress and safety.
- EFCC Chairman Ola Olukoyede, in his remarks, acknowledged the important function of the judiciary in imposing the rule of regulation and guaranteeing accountability acknowledged that his two-year tenure on the helm of the EFCC had strengthened the significance of the judiciary because the cornerstone of the anti-corruption course of.
- Olukoyede additionally famous challenges, significantly the prolonged courtroom procedures that sluggish the Fee’s progress in high-profile corruption instances, underscoring the necessity for judicial effectivity to maintain anti-graft successes.
What it’s best to know
The EFCC’s annual efficiency report exhibits that the company recovered N364.5 billion, $326.5 million, alongside different foreign currency echange and belongings, whereas securing 4,111 convictions throughout varied courts in a single 12 months.
- Additionally they noticed a rise in public engagement, with 15,724 petitions submitted to the Fee. Of those, 12,928 have been investigated, and 5,081 instances have been filed in court docket, reflecting a virtually 48 per cent year-on-year enhance in court docket filings, whereas convictions rose greater than 53 per cent in comparison with 2023.
- The report highlights substantial asset recoveries, together with over 750 duplexes and residences, quite a few parcels of land, high-value automobiles, cryptocurrency wallets, and different movable belongings linked to corruption and monetary crimes. The EFCC additionally made its single largest asset restoration thus far in the course of the 12 months.
The EFCC has signaled its intention to surpass the N364.5 billion recovered in 2024 by strengthening professionalism and integrity in its operations
Be First to Comment