The Economic and Financial Crimes Commission (EFCC) has recovered N1.23 trillion, $684.48 million, £373,905.78 and €9.34 million between October 1, 2023, and June 30, 2026.
EFCC Chairman, Ola Olukoyede, disclosed this on Monday while addressing media executives and journalists in Abuja.
Olukoyede described asset recovery as one of the major pillars of the commission’s activities, saying the recovered funds and assets were traced to financial crimes.
According to him, a significant portion of the naira recoveries was made on behalf of various government ministries.
“Between 1 October 2023 and 30 June 2026, the Commission recorded recoveries of N1,233,612,040,411.11, $684,478,457.32, £373,905.78 and €9,343,803.66, in addition to recoveries in other currencies,” he said.
The EFCC chairman said N397.26 billion, representing about 33 per cent of the total naira recovery, was recovered directly for the Federal Government.
He added that the remaining N836.34 billion, representing 67 per cent, constituted indirect recoveries made on behalf of various ministries.
“Of the naira amount, approximately N397.26bn, representing 33 per cent, represented direct recoveries for the Federal Government, while N836.34bn, representing 67 per cent, represented indirect recoveries made on behalf of ministries,” Olukoyede said.
He said asset recovery remained a critical component of the EFCC’s efforts to combat economic and financial crimes, recover proceeds of illicit activities and protect public resources.
Details later…
