The Economic and Financial Crimes Commission (EFCC) has recovered the sum of ₦566 billion,$ 411 million, and 1,502 properties in the last two years.
The EFCC Chairman, Ola Olukoyede, disclosed this at a press conference held on Thursday in Abuja to mark his second anniversary in office.
He was appointed by President Bola Tinubu on October 18, 2023, and confirmed by the Senate the following day.
Olukoyede, who was represented at the briefing by the EFCC Director of Public Affairs, Wilson Uwujaren, said the commission had made “unprecedented progress” in its fight against economic and financial crimes across all fronts.
He added that the commission between October 2023 and September this year received over 19,000 petitions, conducted 29,240 investigations, filed 10,525 cases in court, and secured 7,503 convictions.
“The commission in the same period recovered ₦566,319,820,343.40, $411,566,192.32, £71,306.25, €182,877.10, and other foreign currencies from proceeds of financial and economic crimes.
“It also recovered 1,502 non-monetary assets, comprising 402 properties in 2023, 975 in 2024, and 125 so far in 2025.
“Among these recovered assets are two notable landmarks: the final forfeiture of 753 units of duplexes in Lokogoma, Abuja, and the forfeiture of Nok University, now the Federal University of Applied Sciences, Kachia, Kaduna State,” he stated.
Olukoyede listed several major cases prosecuted within the period, involving former governors Willie Obiano (Anambra), Abdulfatah Ahmed (Kwara), Darius Ishaku (Taraba), Theodore Orji (Abia) and Yahaya Bello (Kogi).
Other high-profile cases were those of former ministers Olu Agunloye (power), Mamman Saleh (power), Hadi Sirika (aviation), and Charles Ugwu (commerce and industry), and former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele.
He said the EFCC also revived longstanding corruption cases involving prominent figures such as Fred Ajudua, former National Chairman of the Peoples Democratic Party (PDP), Haliru Bello Mohammed, ex-National Security Adviser, Sambo Dasuki, and former Chairman of the National Social Insurance Trust Fund (NSITF), Ngozi Olojeme.
Olukoyede noted that in December 2024, the commission arrested 792 suspects in connection with investment and cryptocurrency fraud in Lagos, including 192 foreign nationals who were later prosecuted and deported.
“This development sent a strong message that Nigeria will not allow its territory to be turned into a safe haven for cybercriminals,” the EFCC boss stated.
He disclosed that part of the recovered funds had been channeled into key national programmes, including the Students Loan Scheme and Consumer Credit Scheme, with a total of ₦100 billion invested.
