EFCC Recovers 566 Billion Naira in 2 Years says Olukoyede

By Samuel Solomon

The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, says the agency has recovered over #566 billion and contributed significantly to President Bola Tinubu’s economic reforms through enforcement, asset recovery, and institutional renewal.

According to the EFCC’s mid-term report released in Abuja on Thursday, part of the recovered funds, about #100 billion was invested in the Students’ Loan Scheme and the Consumer Credit Scheme.

Appointed in October 2023, Olukoyede said the EFCC has in two years received over 19,000 petitions, investigated 29,000 cases, filed 10,525 in court, and secured 7,503 convictions. It also recovered #566.3 billion, $411.5 million, and over 1,500 real estate assets.

He said the Commission also revived dormant cases involving prominent Nigerians and prosecuted several former governors, ministers, and public officials, including ex-CBN Governor Godwin Emefiele.