The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has disclosed that the commission recovered assets and funds worth N1.3 trillion between June 1, 2023, and June 30, 2026.
Olukoyede made the disclosure at a news conference in Abuja, where he gave an account of the commission’s activities and achievements during the period.
He also revealed that the EFCC is investigating 234 cases involving Bureau de Change operators, with 72 convictions secured so far.
According to the commission, the cases under investigation cover various forms of economic and financial crimes, 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 assets recovered under the Proceeds of Crime Act, insisting that the policy falls within its statutory mandate.
Olukoyede further announced plans to establish a 24-hour rapid response centre by September to enable members of the public to report suspected economic and financial crimes at any time.
He also disclosed that 50 EFCC personnel had been dismissed over alleged misconduct and other infractions in the past three years, while five of the affected officials are currently facing prosecution.
The chairman said the disciplinary measures were part of efforts to strengthen accountability and uphold integrity within the anti-graft agency.
