Newz…Agency battles cyber-crime, graft offences rise 24.1% …Recovers $684.5m, £373,906, €9.34m; releases N661.3bn, $492.4m to beneficiaries …10,053 assets forfeited, 102 tonnes of solid minerals recovered…Says work not finished, promises faster restitution, deeper prevention By Clifford NdujiheTHE Economic and Financial Crimes Commission, EFCC, yesterday, said it secured 10,872 convictions and recovered N1.23 trillion, $684.48 million, £373,906 and €9.34 million in its 34-month anti-corruption campaign under its Executive Chairman, Ola Olukoyede. The commission also disclosed that it investigated 39,615 cases, filed 14,476 cases in court and received 49,673 petitions between October 2023 and July 2026. Olukoyede, who disclosed the figures while presenting his three-year stewardship report at the EFCC headquarters, Abuja, said the commission achieved a 75.1 per cent conviction-to-filing ratio, with 1,370 convictions secured from 1,889 cases filed in the first half of 2026 alone.
However, the EFCC chairman acknowledged that the war against economic and financial crimes was far from over, warning that emerging threats, particularly cyber-crime, financial fraud, virtual assets and illicit financial flows, were becoming increasingly sophisticated. According to him, his 34 months in office had been characterised by “sustained enforcement, institutional reform, prosecution, asset recovery, restitution and stronger collaboration at home and abroad.”Olukoyede said the figures were not merely statistics, but evidence of the commission’s attempt to turn anti-graft enforcement into measurable economic value for Nigerians. “Our responsibility is to convert information and intelligence into prevention, petitions into investigations, investigations into prosecutions, prosecutions into convictions, recoveries into restitution, and enforcement into measurable national value,” he said.
46,288 offences recorded Giving an insight into the changing nature of financial crimes in the country, the EFCC boss said its data for 2024 to 2026 year-to-date recorded 46,288 offences across nine major typologies. He said advance fee fraud and cyber-crime accounted for nearly two-thirds of the offences, while total recorded offences increased by 24.1 per cent between 2024 and 2025. Procurement fraud, bank fraud, cybercrime and economic-governance offences, he added, recorded notable increases.
ABUJA — The Economic and Financial Crimes Commission (EFCC) recovered more than N1.23 trillion and $684 million between October 2023 and June 2026, Chairman of the commission, Ola Olukoyede, has disclosed. Olukoyede gave the figures on Monday at the EFCC headquarters in Abuja during a briefing on the achievements of the commission under his leadership. He said the recoveries formed part of sustained enforcement, institutional reforms, prosecution, asset recovery, restitution and collaboration with local and international partners.
Olukoyede, who assumed office with a pledge to reposition the commission, said his administration had focused on strengthening the EFCC’s core mandate while deploying 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, in addition to recoveries in other currencies, between October 1, 2023 and June 30, 2026. He said approximately N397.26 billion, representing 33 per cent of the naira recoveries, constituted direct recoveries for the Federal Government, while N836.34 billion, or 67 per cent, represented indirect recoveries made on behalf of ministries, departments and agencies, state revenue services, companies, individuals and foreign victims.
“Two out of every three naira recovered were on behalf of beneficiaries other than the Federal Government,” Olukoyede said. He stressed that asset recovery was only meaningful when recovered resources were returned to the public interest and rightful beneficiaries. The EFCC chairman said N661.32 billion and $492.37 million had been released to beneficiaries during the period.
Summary from source