The Economic and Financial Crimes Commission, EFCC, announced the recovery of a total of N70 billion within a span of 100 days, from October 2023 to January 19, 2024. This impressive feat was detailed in an EFCC document titled ‘Operations and Recoveries’.
The breakdown of the recovery includes N60,969,047,634.25, $10,522,778.57, £150,002.10, and €4,119.90, summing up to N70,556,658,370.5. During this period, the EFCC received 3,325 petitions, accepted 2,657, and achieved convictions of 747 individuals for financial crimes such as money laundering and internet fraud.
Notably, the EFCC headquarters alone recovered N49,607,391,330.44, $3,900,200.75, £2000, and £110. Other commands across the country also made significant recoveries: Maiduguri Zonal Command – N58,065,870 and $3,370; Gombe Command – N127,323,028.50 and $1,500; Kano Command – N141,944,451 and $365; Makurdi Command – N53,228,325; Enugu Command – N202,117,000 and $1,950; Uyo Command – N25,299,950 and $710; Port Harcourt Zonal Command – N2,412,247,210.05 and $5,714,389.21; Sokoto Command – N100,696,118.72; Kaduna Command – N331,494,710.81, $912, £50, and €1,610; Ilorin Command – N80,280,580.86 and $880; Abuja Zonal Command – N825,928,463 and $10,000; Ibadan Zonal Command – N135,519,810, $14517, £280, and €500; and Lagos Zonal Command – N6,826,993,798.78, $868,284.61, £147,672.10, and €1899.90. Also, through the Benin Zonal Command, the EFCC recovered N49,515,987.09 and $5,700.
This significant achievement by the EFCC demonstrates a robust effort in combating financial crimes and corruption in Nigeria, reaffirming the commitment to upholding transparency and accountability.
