The Federal Government on Monday, October 3, said it has made huge recoveries – in cash and otherwise – since the assumption of office by President Bola Tinubu in May 2023.
This was disclosed at the Joint Security Press Briefing on the Recent Security, Anti-Corruption and Regulatory Operations in Nigeria hosted by the Director General of the National Orientation Agency (NOA), Lanre Issa-Onilu, in Abuja on Monday.
Speaking at the event, Issa-Onilu said that the briefing was hosted in collaboration with the Office of the National Security Adviser and the nation’s Security, Defence, and Intelligence Agencies.
He also stated that the NOA, through the briefing, also aims to give an insight into the operational achievements recorded by the Tinubu administration between September and October 2025.
According to the NOA DG, the achievements by the Tinubu administration reaffirm the Federal Government’s unwavering commitment to citizens’ safety, the fight against corruption, and the protection of Nigeria’s food and drug supply chain.
Listing some of the recoveries made, Issa-Onilu said a total of ₦566,319,820,343.40, $411,566,192.32, £71,306.25, €182,877.10, CAD $5,510.00 and AUD $740.00 were recovered by the Economic and Financial Crimes Commission (EFCC).
Others include, ¥89,859.00, ₹1,300.00, CFA 8,381,375.00, AED 70.00, SAR 310,265.00, GH₵ 225.00, R 50.00 and ₩73,000.00.
Non-monetary assets recovered from various individuals within the period under review are 1,502 properties, comprising 402 in 2023, 975 in 2024 and 125 so far this year.
According to him, some recovered properties include two notable landmarks – the final forfeiture of 753 units of duplexes in Lokogoma, Abuja and the forfeiture of Nok University, now Federal University of Applied Sciences, Kachia, Kaduna State.
On deployment of the recoveries made, he added that part of the funds which were recovered by the EFCC in the last two years have been invested in critical social investment programmes, the Students Loan Scheme and the Consumer Credit Scheme.
In addition, a total of N100 billion of funds recovered by the Commission was invested in these two schemes.
Also agencies of government, including the Niger Delta Development Commission, NDDC, the Asset Management Corporation of Nigeria, AMCON, the Federal Inland Revenue Service, FIRS, and the National Health Insurance Authority, are beneficiary of funds recovered by the Commission.
He added that several other properties recovered by the Commission have been allocated to some agencies of government for use as offices.