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EFCC recovers N1.233tn, secures 10,872 convictions in 34 months
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EFCC recovers N1.233tn, secures 10,872 convictions in 34 months

Vanguard Nigeria about 1 hour 2 mins read
EFCC recovers N1.233tn, secures 10,872 convictions in 34 months

ABUJA — The Economic and Financial Crimes Commission (EFCC) says it recovered N1.233 trillion and secured 10,872 convictions between October 1, 2023 and July 31, 2026.

The commission disclosed the figures in a video posted on its official X account on Thursday, highlighting its activities during the 34-month period under its Chairman, Ola Olukoyede.

According to the EFCC, it received 49,673 petitions during the period, describing petitions as the “entry point” for its investigations.

It said 39,615 cases were investigated, while 14,476 cases were filed before the courts, resulting in 10,872 convictions.

“₦1.233 trillion in recoveries in just 34 months. This is the legacy of EFCC Chairman Ola Olukoyede,” the commission said.

The EFCC said the figures reflected its efforts to combat various forms of financial crimes, including advance fee fraud, cybercrime, money laundering, bank fraud and economic governance fraud.

The commission said the recovery figures represented the outcome of investigations that traced financial transactions and uncovered funds linked to suspected financial crimes.

“And behind every number is a case investigated, a financial trail uncovered, and public resources recovered to keep pushing the fight against economic and financial crimes forward,” it said.

The commission added that its activities during the period were part of its broader mandate to combat economic and financial crimes and strengthen enforcement.

“The work continues,” the EFCC said.

The post EFCC recovers N1.233tn, secures 10,872 convictions in 34 months appeared first on Vanguard News.

This article was sourced from an external publication.

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