THE Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has announced that the Commission recovered more than ₦566 billion and over 1,500 assets within the past two years, marking what he described as an unprecedented milestone in Nigeria’s anti-corruption efforts.
Olukoyede made this disclosure yesterday during a press briefing in Abuja to commemorate his second anniversary in office.
Represented by the EFCC’s Director of Public Affairs, Commander CE Wilson Uwujaren, he revealed that between October 2023 and September 2025, the agency recovered ₦566,319,820,343.40, alongside $411,566,192.32, £71,306.25, and €182,877.10.
According to him, the EFCC also secured 7,503 convictions after filing 10,525 cases, which stemmed from over 19,000 petitions and 29,240 investigations conducted across the country.
Olukoyede described these figures as proof of the EFCC’s renewed dedication to tackling economic and financial crimes nationwide.
The anti-graft chief further stated that the Commission recovered 1,502 non-monetary assets — including 402 in 2023, 975 in 2024, and 125 so far in 2025.
Notable recoveries include the final forfeiture of 753 duplexes in Lokogoma, Abuja, and the conversion of Nok University in Kaduna State into the Federal University of Applied Sciences, Kachia.
He noted that some recovered properties have been allocated to government agencies for official use in line with EFCC policy.
Olukoyede also disclosed that part of the recovered funds, amounting to ₦100 billion, was invested in the Students Loan Scheme and the Consumer Credit Scheme — initiatives that align with the Federal Government’s efforts to expand educational and financial access for Nigerians.
The EFCC Chairman highlighted several prominent cases prosecuted during the period, involving former governors Willie Obiano, Abdulfatah Ahmed, Darius Ishaku, Theodore Orji, and Yahaya Bello.
Others include ex-ministers Olu Agunloye, Mamman Saleh, Hadi Sirika, Charles Ugwu, and former Central Bank Governor Godwin Emefiele.
Olukoyede also revealed that 792 suspects were arrested in Lagos for involvement in investment and cryptocurrency scams, including 192 foreigners who have since been prosecuted and deported.
He said this action underscores Nigeria’s resolve to prevent its territory from becoming a haven for cybercriminals.
In addition, the EFCC has revived several long-standing corruption cases involving individuals such as Fred Ajudua, former PDP Chairman Haliru Bello Mohammed, former National Security Adviser Sambo Dasuki, and former NSITF boss Ngozi Olojeme.
The Commission, he added, has also established a Task Force on Naira Abuse and Dollarisation of the Economy, which has made significant progress in regulating currency misuse nationwide.
Olukoyede emphasized that the Commission’s recoveries are not only about figures but about improving national welfare.
He said several government institutions — including the NDDC, AMCON, FIRS, and NHIA — have benefited from recovered funds, reinforcing transparency and accountability in asset management.
“Our recoveries go beyond numbers; they represent tangible improvements in governance and the wellbeing of Nigerians,” he said.