EFCC Recovered N1.23tn, $684m in 33 Months, Says Olukoyede
The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, says the anti graft agency recovered more than N1.23 trillion and $684 million between October 2023 and June 2026.
Olukoyede disclosed this on Monday at the EFCC headquarters in Abuja during a briefing on the achievements of the commission under his leadership.
He said he assumed office with a clear commitment to doing things differently, adding that his administration had focused on strengthening the EFCC’s mandate and using the fight against economic and financial crimes to support economic growth.
According to him, the commission recorded recoveries of N1,233,612,040,411.11, $684,478,457.32, £373,905.78 and €9,343,803.66, alongside recoveries in other currencies, between October 1, 2023 and June 30, 2026.
Olukoyede said about N397.26 billion, representing 33 percent of the naira recovery, constituted direct recoveries for the Federal Government, while N836.34 billion, representing 67 percent, was recovered on behalf of ministries, departments and agencies, state revenue services, companies, individuals and foreign victims.
He explained that N661.32 billion and $492.37 million were subsequently released to beneficiaries, adding that about N325.35 billion of the naira releases was paid directly to individuals and corporate bodies.
Another N335.97 billion was released to various MDAs, the Nigerian Revenue Service and state internal revenue services, as well as other public institutions, companies and individuals.
Beyond monetary recoveries, Olukoyede said the EFCC secured the forfeiture of 10,053 tangible assets through interim and final court orders during the period under review.
He listed the assets as including 8,198 electronic items, 1,177 real estate properties, 370 automobiles and 251 plots of land, as well as schools, factories, hotels, shops, oil rigs, barges, machinery and aircraft.
He added that the commission also recorded the forfeiture of 102 tonnes of solid minerals, while proceeds from the disposal of assets under final forfeiture orders amounted to approximately N12.07 billion and were paid to the Federal Government.
On enforcement, the EFCC chairman said the commission received 49,673 petitions, investigated 39,615 cases, filed 14,476 cases in court and secured 10,872 convictions during the period.
According to him, the figures represent a conviction to filing ratio of 75.1 percent, while the commission secured 1,370 convictions from 1,889 cases filed in the first half of 2026 alone.
Olukoyede said the results reflected what he described as diligence, resilience and a prosecutorial approach focused on evidence and courtroom outcomes.
He further disclosed that the EFCC recorded 46,288 offences across nine major categories between 2024 and 2026 year to date, with advance fee fraud and cybercrime accounting for nearly two thirds of the recorded offences.
He noted that total recorded offences increased by 24.1 percent between 2024 and 2025, with notable rises in procurement fraud, bank fraud, cybercrime and economic governance related offences.
Olukoyede stressed that the fight against economic and financial crimes goes beyond grand corruption, saying it also involves protecting citizens, businesses and institutions from fraud, cyber enabled crimes and other forms of economic exploitation.
The EFCC chairman also disclosed that more than 40 officers of the commission had been dismissed for corruption and financial malpractice in the past three years.
He added that the agency recorded 234 Bureau de Change cases and 73 convictions in the foreign exchange market within the period under review.