The Economic and Financial Crimes Commission (EFCC) says it recovered assets and funds valued at N1.3 trillion between June 1, 2023, and June 30, 2026.
The Chairman of the Commission, Ola Olukoyede, disclosed this at a news conference in Abuja, highlighting the agency’s efforts in the fight against economic and financial crimes.
Olukoyede also revealed that 234 cases involving Bureau De Change operators were currently under investigation, while the Commission had secured 72 convictions in related cases.
According to him, the EFCC’s investigations and prosecutions cover several categories of offences, including advance fee fraud, bank fraud, economic governance fraud, money laundering, procurement fraud, cybercrime, extractive industry fraud, land and property fraud, and tax fraud.
The EFCC chairman also defended the Commission’s recent policy on the management and auction of recovered assets under the Proceeds of Crime Act (POCA), insisting that the policy falls within the agency’s statutory mandate.
He further announced plans to establish a 24-hour Rapid Response Centre by September to enable members of the public to report cases of economic and financial crimes more efficiently.
On internal discipline, Olukoyede said the Commission had dismissed 50 members of staff over the past three years, while five others were currently facing prosecution.
