The Financial and Monetary Crimes Fee (EFCC) has reported the restoration of N566 billion, $411 million, and 1,502 properties from proceeds of monetary and financial crimes over the previous two years beneath the management of its Govt Chairman, Ola Olukoyede.
Olukoyede made the disclosure on Thursday whereas addressing journalists on the Fee’s company headquarters in Abuja, as a part of actions marking his second anniversary in workplace.
The announcement was additionally contained in an announcement posted on the EFCC’s official X web page.
In response to him, between October 2023 and September 2025, the EFCC obtained over 19,000 petitions, carried out 29,240 investigations, filed 10,525 circumstances in courtroom, and secured 7,503 convictions. The Fee additionally recovered £71,306.25, €182,877.10, and different foreign currency throughout the identical interval.
“The Govt Chairman of the Financial and Monetary Crimes Fee, EFCC, Mr. Ola Olukoyede has disclosed that beneath his management, the Fee has made unprecedented progress within the battle in opposition to financial and monetary crimes within the final two years by recovering over N566 billion alongside different currencies and property,” the assertion learn partly.
It added, “He disclosed that throughout the identical interval, the Fee recovered N566,319,820,343.40, $411,566,192.32, £71,306.25, €182,877.10, and different foreign currency from proceeds of monetary and financial crimes.”
The assertion added that out of the 1,502 non-monetary property recovered throughout the assessment interval, 402 have been seized in 2023, 975 in 2024, and 125 to this point in 2025.
The recovered properties embody 753 duplexes in Lokogoma, Abuja, and Nok College in Kaduna State, which has since been renamed the Federal College of Utilized Sciences, Kachia.
In response to the EFCC, a part of the recovered funds has been channelled into authorities programmes such because the College students Mortgage Scheme and the Shopper Credit score Scheme, with a complete of N100 billion reportedly invested.
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The company additionally said that establishments together with the Niger Delta Improvement Fee (NDDC), Asset Administration Company of Nigeria (AMCON), Federal Inland Income Service (FIRS), and Nationwide Well being Insurance coverage Authority (NHIA) have benefited from returned funds.
- The Fee cited a number of ongoing and concluded prosecutions involving former public officers, amongst them ex-governors Willie Obiano, Abdulfatah Ahmed, Darius Ishaku, Theodore Orji, and Yahaya Bello.
- Others named embody former ministers Olu Agunloye, Mamman Saleh, Hadi Sirika, Charles Ugwu, and former Central Bank Governor Godwin Emefiele.
It additional famous that in December 2024, 792 suspects linked to funding and cryptocurrency-related fraud have been arrested in Lagos, together with 192 foreigners who have been later prosecuted and deported.
The assertion additionally talked about that the Fee had reopened a number of longstanding corruption circumstances and arrange a Process Power on Naira Abuse and Dollarisation of the Economic system, aimed toward curbing illicit forex practices throughout the nation.
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