23.10.2025
The Economic and Financial Crimes Commission (EFCC) recovered over ₦566 billion, $411 million, and 1,502 properties in the last two years under the leadership of its chairman, Ola Olukoyede.
The EFCC boss, represented by Wilson Uwujaren, the director of public affairs, disclosed this in Abuja on Thursday, at a press conference marking his second anniversary in office.
Mr Olukoyede, who was appointed on October 18, 2023, and confirmed by the Senate the following day, said the commission had made “unprecedented progress” in its fight against economic and financial crimes across all fronts.
According to him, the commission, between October 2023 and September 2025, received over 19,000 petitions, conducted 29,240 investigations, filed 10,525 cases in court, and secured 7,503 convictions.
“The commission in the same period recovered ₦566,319,820,343.40, $411,566,192.32, £71,306.25, €182,877.10, and other foreign currencies from proceeds of financial and economic crimes.
“It also recovered 1,502 non-monetary assets, comprising 402 properties in 2023, 975 in 2024, and 125 so far in 2025.
“Among these recovered assets are two notable landmarks: the final forfeiture of 753 units of duplexes in Lokogoma, Abuja, and the forfeiture of Nok University, now the Federal University of Applied Sciences, Kachia, Kaduna State,” he said.
Mr Olukoyede listed several major cases prosecuted within the period, involving former governors Willie Obiano, Abdulfatah Ahmed, Darius Ishaku, Theodore Orji, and Yahaya Bello.
The EFCC boss said other high-profile cases included former ministers Olu Agunloye, Mamman Saleh, Hadi Sirika, and Charles Ugwu, as well as former Central Bank Governor Godwin Emefiele.
He said the EFCC also revived longstanding corruption cases involving prominent figures such as Fred Ajudua, former PDP chairman Haliru Bello Mohammed, ex-National Security Adviser Sambo Dasuki, and former NSITF boss Ngozi Olojeme.
Mr Olukoyede noted that in December 2024, the commission arrested 792 suspects in connection with investment and cryptocurrency fraud in Lagos, including 192 foreign nationals who were later prosecuted and deported.
The EFCC chairman disclosed that part of the recovered funds had been channelled into key national programmes, including the Student Loan Scheme and Consumer Credit Scheme, with a total of ₦100 billion invested. NAN
Olukoyede... EFCC boss