The Economic and Financial Crimes Commission (EFCC) has recovered over N1.23 trillion, $684 million, £373m and €9.3m in the last 3 years.
EFCC chairman, Ola Olukoyede disclosed this on Monday at the Commission’s headquarters in Abuja, during a press briefing to mark his three years in office.
He said: “The past 34 months have been a period of sustained enforcement, institutional reform, prosecution, asset recovery, restitution and stronger collaboration at home and abroad.
“Between 1 October 2023 and 30 June 2026, the Commission recorded recoveries of ₦1,233,612,040,411.11, $684,478,457.32, £373,905.78, €9,343,803.66, in addition to recoveries in other currencies.”
He explained that of the naira recovery, approximately N397.26 billion, representing to 33 per cent, was direct recoveries for the federal government, while N836.34 billion representing 67 per cent was indirect recoveries made on behalf of ministries, departments and agencies, state revenue services, companies, individuals and foreign victims of financial crimes.
Olukoyede noted that asset recovery is only meaningful when value is returned to the public interest and to rightful beneficiaries.
According to him, N661.32 billion and $492.37 million were released to beneficiaries, including N325.35 billion paid directly to individuals and corporate bodies.
He further pointed out that another N335.97 billion was released to various MDAs, Nigerian Revenue Service (NRS) and state internal revenue services, alongside releases to other public institutions, companies and individuals.
On asset forfeiture, the EFCC boss said the Commission also secured the forfeiture of 10,053 tangible assets under interim and final court orders during the review period.
“These included 8,198 electronic items, 1,177 real-estate assets, 370 automobiles, 251 plots of land, as well as schools, factories, hotels, shops, oil rigs, barges, machinery and aircraft. We also recorded the forfeiture of 102 tonnes of solid minerals,” he said.
“Proceeds from disposal under final forfeiture orders amounted to approximately ₦12.07 billion and were paid to the Federal Government.”
He noted that in the foreign-exchange market, the anti-graft agency recorded 234 BDC cases and 73 convictions within the last three years.
According to Olukoyede, the anti-graft agency also received 49,673 petitions, investigated 39,615 cases, filed 14,476 cases in court and secured 10,872 convictions over the period, which, according to him, gives a conviction-to-filing ratio of 75.1 per cent.
“In the first half of 2026 alone, we recorded 1,370 convictions from 1,889 filings. These results reflect diligence, resilience and a prosecutorial approach anchored on evidence and courtroom outcomes,” he added.
He further noted that the Commission recorded 46,288 offences across nine major typologies, with advance fee fraud and cybercrime together representing nearly two-thirds of recorded offences.
However, between 2024 and 2025, total recorded offences rose by 24.1 per cent, with notable increases in procurement fraud, bank fraud, cybercrime and economic-governance offences.
This, he said, implies that the fight against economic and financial crime is not only about grand corruption, but involves protecting citizens, businesses and institutions from fraud, cyber-enabled crime and other forms of economic exploitation.
Olukoyede emphasised that he took on the assignment with a clear commitment to do things differently, adding that his administration has “properly” focused on the EFCC mandate, using the instrumentality of the anti-graft war to stimulate growth in the economy.
