ABUJA — The Economic and Financial Crimes Commission (EFCC) recovered more than N1.23 trillion and $684 million between October 2023 and June 2026, Chairman of the commission, Ola Olukoyede, has disclosed.
Olukoyede gave the figures on Monday at the EFCC headquarters in Abuja during a briefing on the achievements of the commission under his leadership.
He said the recoveries formed part of sustained enforcement, institutional reforms, prosecution, asset recovery, restitution and collaboration with local and international partners.
Olukoyede, who assumed office with a pledge to reposition the commission, said his administration had focused on strengthening the EFCC’s core mandate while deploying the fight against economic and financial crimes to support economic growth.
According to him, the commission recorded recoveries of N1,233,612,040,411.11, $684,478,457.32, £373,905.78 and €9,343,803.66, in addition to recoveries in other currencies, between October 1, 2023 and June 30, 2026.
He said approximately N397.26 billion, representing 33 per cent of the naira recoveries, constituted direct recoveries for the Federal Government, while N836.34 billion, or 67 per cent, represented indirect recoveries made on behalf of ministries, departments and agencies, state revenue services, companies, individuals and foreign victims.
“Two out of every three naira recovered were on behalf of beneficiaries other than the Federal Government,” Olukoyede said.
He stressed that asset recovery was only meaningful when recovered resources were returned to the public interest and rightful beneficiaries.
The EFCC chairman said N661.32 billion and $492.37 million had been released to beneficiaries during the period.
He said the naira releases included N325.35 billion paid directly to individuals and corporate organisations, while another N335.97 billion was released to various ministries, departments and agencies, the Nigerian Revenue Service, state internal revenue services, public institutions, companies and individuals.
EFCC secures forfeiture of 10,053 assets
Beyond monetary recoveries, Olukoyede said the commission secured interim and final forfeiture orders covering 10,053 tangible assets during the period under review.
He listed the assets as 8,198 electronic items, 1,177 real estate properties, 370 automobiles and 251 plots of land, alongside schools, factories, hotels, shops, oil rigs, barges, machinery and aircraft.
The commission also secured the forfeiture of 102 tonnes of solid minerals, he added.
“Proceeds from disposal under final forfeiture orders amounted to approximately N12.07 billion and were paid to the Federal Government,” he said.
On enforcement in the foreign exchange market, Olukoyede disclosed that the commission recorded 234 Bureau de Change-related cases and secured 73 convictions within the period.
EFCC receives 49,673 petitions
Giving an overview of the commission’s enforcement activities, Olukoyede said the EFCC received 49,673 petitions, investigated 39,615 cases, filed 14,476 cases in court and secured 10,872 convictions within the period.
He said the figures represented 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,” he said.
Olukoyede attributed the results to what he described as diligence, resilience and a prosecutorial approach focused on evidence and courtroom outcomes.
He said the commission’s data between 2024 and 2026 showed 46,288 offences across nine major categories, with advance fee fraud and cybercrime accounting for nearly two-thirds of the recorded offences.
According to him, total recorded offences increased by 24.1 per cent between 2024 and 2025, with significant increases recorded in procurement fraud, bank fraud, cybercrime and economic-governance offences.
The EFCC chairman said the figures demonstrated that the fight against economic and financial crime went beyond grand corruption.
He said it also involved protecting citizens, businesses and public institutions from fraud, cyber-enabled crimes and other forms of economic exploitation.
Olukoyede further disclosed that more than 40 EFCC personnel had been dismissed for corruption and financial malpractice over the past three years.
He said the disciplinary measures formed part of efforts to strengthen integrity and accountability within the commission and ensure that personnel entrusted with enforcing anti-corruption laws were themselves held to high ethical standards.
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