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The Economic and Financial Crimes Commission has recovered N1.23tn, $684.48m, £373,905.78 and €9.34m between October 1, 2023, and June 30, 2026, EFCC Chairman, Ola Olukoyede, has said.
Olukoyede disclosed this on Monday while addressing media executives and journalists in Abuja, describing asset recovery as one of the major pillars of the commission’s stewardship.
He said the recoveries represented proceeds and assets traced to financial crimes, with a significant portion of the naira recoveries made on behalf of government ministries.
“Between 1 October 2023 and 30 June 2026, 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,” Olukoyede stated.
According to him, N397.26bn, representing about 33 per cent of the total naira recovery, was recovered directly for the Federal Government.
He added that the remaining N836.34bn, representing 67 per cent, constituted indirect recoveries made on behalf of various ministries.
“Of the naira amount, approximately N397.26bn, representing 33 per cent, represented direct recoveries for the Federal Government, while N836.34bn, representing 67 per cent, represented indirect recoveries made on behalf of ministries,” the EFCC chairman said.
