Be the first to get an update on this story!

Join our Channel...

Whatsapp Channel

EFCC Recovers N70.56 Billion in 100 Days, Convicts 747 Individuals

EFCC Recovers N7.8 Million from Benue Investment and Property Company (BIPC) Five Internet Fraudsters Convicted and Sentenced in Benue State EFCC Commences Investigation into Suspected Illegal Petroleum Dealers EFCC Reveals Banks Linked to 70% of Financial Crimes in Nigeria EFCC Recovers N70.56 Billion in 100 Days: Convicts 747 Individuals EFCC Apprehends 50 Alleged Internet Fraudsters in Kwara, Including 48 KWASU Students

The Economic and Financial Crimes Commission (EFCC) has announced the recovery of a staggering N70,556,658,370.5 within a span of 100 days, from October 2023 to January 19, 2024.

According to the ‘Operations and Recoveries’ document obtained, the EFCC detailed the breakdown of the recovery, including N60,969,047,634.25, $10,522,778.57, £150,002.10, and €4,119.90.

Notably, the anti-graft commission received 3,325 petitions, accepted 2,657, and achieved convictions for 747 individuals involved in financial crime offences, ranging from money laundering to internet fraud.

Key highlights of the recovery include the EFCC headquarters securing N49,607,391,330.44, $3,900,200.75, £2000, and £110. The Maiduguri Zonal Command recovered N58,065,870 and $3,370, with other commands like Gombe, Kano, Makurdi, Enugu, Uyo, Port Harcourt, Sokoto, Kaduna, Ilorin, Abuja, Ibadan, Lagos, and Benin contributing significantly.

Chairman of the EFCC, Ola Okukoyede, revealed at a dialogue in Abuja that out of the 747 convictions, a majority were related to cybercrime offences.

Okukoyede also launched the Fraud Risk Assessment Project for Ministries, Departments, and Agencies during the event, emphasizing the EFCC’s commitment to combating corruption.

This significant stride in recovery and conviction rates showcases the EFCC’s relentless efforts in curbing financial crimes and maintaining transparency.

This Article is Fact-Checked. See Policy.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related Posts