EFCC Makes Impressive Recovery of N70bn, Receives 3,325 Petitions, Secures 747 Convictions within 100 days

In the first one hundred days of Ola Olukoyede as the chairman of the Economic and Financial Crimes Commission (EFCC), the Commission said it has recovered a total of N70,556,658,370.5, received 3,325 petitions and secured conviction of 747 suspects.

The feats, which were between October 2023 and January 19, 2024 as outlined in an EFCC document titled, ‘Operations and Recoveries’, revealed that between October 2023 and January 19, 2024, the EFCC recovered N60,969,047,634.25, $10,522,778.57, £150,002.10, €4,119.90, making a total of N70,556,658,370.5 recovered by the anti-graft commission within the period.

A breakdown of the data shows that the EFCC headquarters alone recovered N49,607,391,330.44, $3,900,200.75, £2000, and £110.

The Maiduguri zonal command recovered N58,065,870 and $3,370. Gombe Command recovered N127,323,028.50 and $1,500. Kano Command recovered N141,944,451 and $365.

Makurdi Command recovered N53,228, 325. Enugu Command recovered N202,117,000 and $1,950. Uyo Command recovered N25,299,950 and $710, while Port Harcourt Zonal Command recovered N2,412,247,210.05 and $5,714,389.21.

Sokoto Command recovered the sum of N100,696,118.72, while Kaduna Command recovered N331,494,710.81, $912, £50, and €1,610.

The document also indicated that the Ilorin Command recovered N80,280,580.86 and $880, while the Abuja Zonal Command recovered N825,928,463 and $10,000.

The Ibadan Zonal Command recovered N135,519,810, $14517, £280, and €500, while the Lagos Zonal Command recovered N6,826,993,798.78, $868,284.61, £147,672.10, and €1899.90.

The EFCC, through its Benin Zonal Command, also recovered N49,515,987.09 and $5,700.

Also, within the same period, the EFCC received a total of 3,325 petitions, accepted 2,657 of the petitions, and secured the convictions of 747 persons for financial crime offences ranging from money laundering to internet fraud.