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    EFCC Recovers N1.233tn in 34 Months Under Olukoyede

    Ola-Olukoyede-EFCC-Chairman

    The Economic and Financial Crimes Commission says it recovered N1.233tn between October 1, 2023, and July 31, 2026, under the chairmanship of Ola Olukoyede.

    The commission disclosed this in a video posted on its official X account on Thursday, highlighting its activities over the 34-month period.

    “₦1.233 trillion in recoveries in just 34 months. This is the legacy of EFCC Chairman Ola Olukoyede,” the commission said.

    According to the EFCC, it received 49,673 petitions during the period, describing petitions as “the entry point for EFCC action.”
    “From these, 39,615 cases were investigated. 14,476 cases were filed in court. And those investigations led to 10,872 convictions,” it said.

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    The commission said the figures represented its efforts in tackling various forms of financial crimes.

    “But what do these numbers represent?” the EFCC asked

    “They represent the fight against financial crimes—from advance fee fraud, cybercrime, money laundering, bank fraud, and economic governance fraud,”
    it stated.

    The commission added that behind each figure was an investigation and the recovery of funds.

    “And behind every number is a case investigated, a financial trail uncovered, and public resources recovered to keep pushing the fight against economic and financial crimes forward,” it said.

    The EFCC concluded the video by saying, “The work continues.”

     

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    Frank
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    Franklin Ugo Ndibe is a seasoned Nigerian journalist and media professional renowned for his incisive reporting and editorial leadership in the information and communications technology (ICT) sector.

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