The Economic and Financial Crimes Commission has made significant strides in combating economic and financial crimes nationwide, recovering over ₦566 billion, $411 million, and 1,502 assets within a two-year period.
EFCC Chairman Ola Olukoyede disclosed this during a media briefing marking his second anniversary in office.
The Commission received over 19,000 petitions, conducted 29,240 investigations, filed 10,525 cases in court, and secured 7,503 convictions between October 2023 and September 2025.
Some notable recoveries include 753 units of duplexes in Lokogoma, Abuja, and the forfeiture of Nok University, now the Federal University of Applied Sciences, Kachia, Kaduna State.
A portion of the recovered funds, ₦100 billion, was invested in key national initiatives such as the Students Loan Scheme and Consumer Credit Scheme, aligning with the Federal Government’s vision of empowering citizens through education and affordable credit access.
The EFCC has also revived longstanding corruption cases involving high-profile individuals like former governors Willie Obiano, Abdulfatah Ahmed, and Yahaya Bello, as well as former ministers and public officials. Additionally, the Commission arrested 792 suspects linked to investment and cryptocurrency fraud in Lagos, including 192 foreigners who were prosecuted and deported.
