EFCC recovers N1.23trn, secures 10,872 convictions in 34 months
The agency said 10,872 convictions and 10,053 forfeiture orders reflected broader enforcement, while N661.32 billion and $492.37 million were released to beneficiaries.
- On Monday, August 31, 2026, Executive Chairman Ola Olukoyede presented a stewardship report announcing the EFCC secured 10,872 convictions and recovered more than N1.23 trillion in proceeds of crime during his 34 months in office.
- Olukoyede attributed these results to institutional reforms, including digitalization of 60 per cent of operations and establishment of the Cybercrime Rapid Response Centre and new regional directorates in Ekiti, Anambra and Katsina.
- Beyond cash, the commission secured the forfeiture of 10,053 tangible assets, including 1,177 real-estate assets and 370 automobiles, while channeling recovered funds into the Nigerian Education Loan Fund and the Nigerian Consumer Credit Corporation.
- Enforcement activities against unlicensed bureaux de change supported regulatory reforms and contributed to Nigeria's removal from the Financial Action Task Force Grey List in October 2025, strengthening the country's financial system integrity.
- With 36 high-profile cases involving former governors and ministers currently before the courts, the agency continues investigations while Olukoyede noted successful prosecutions provide a "deterrence dividend" reducing the expected cost of economic crime.
32 Articles
32 Articles
EFCC recovers N1.23trn, secures 10,872 convictions in 34 months
The Economic and Financial Crimes Commission (EFCC) recovered more than ₦1.23 trillion and secured 10,872 convictions between October 2023 and July 2026, Executive Chairman Ola Olukoyede has said. Olukoyede disclosed this on Monday, August 31, 2026, while presenting his stewardship report on the activities and achievements of the anti-graft agency during his 34 months in […] EFCC recovers N1.23trn, secures 10,872 convictions in 34 months
EFCC recovered N1.23trn, $684.48m in 34 months
Mr Olukoyede said 14,476 petitions investigated by the EFCC ended up in court, while the commission secured 10,872 convictions. The post EFCC recovered N1.23trn, $684.48m in 34 months — Olukoyede appeared first on Premium Times Nigeria.
How EFCC recovered ₦1.233 trillion in 34 months under Olukoyede
Economic and Financial Crimes Commission (EFCC), has broken its monetary asset recovery record in both national and foreign currencies in the 34 months of Ola Olukoyede’s leadership. The disclosure was made on Monday, when the Executive Chairman of the Commission, Ola Olukoyede, addressed the media on his stewardship. Available records The post How EFCC recovered ₦1.233 trillion in 34 months under Olukoyede appeared first on National Accord N…
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