In an impressive feat, the Economic and Financial Crimes Commission (EFCC) has announced the recovery of a total sum of N70 billion within a span of 100 days, covering the period from October 2023 to January 19, 2024. The comprehensive breakdown of the recovery, as outlined in an EFCC document titled ‘Operations and Recoveries,’ reveals a substantial effort in combating financial crimes.
During this period, the EFCC dealt with a total of 3,325 petitions, accepting 2,657 of them. Notably, the commission secured convictions for 747 individuals involved in various financial crime offenses, including money laundering and internet fraud.
The detailed data shows recoveries by different EFCC commands and zones:
- EFCC Headquarters: N49,607,391,330.44, $3,900,200.75, £2000, and £110.
- Maiduguri Zonal Command: N58,065,870 and $3,370.
- Gombe Command: N127,323,028.50 and $1,500.
- Kano Command: N141,944,451 and $365.
- Makurdi Command: N53,228,325.
- Enugu Command: N202,117,000 and $1,950.
- Uyo Command: N25,299,950 and $710.
- Port Harcourt Zonal Command: N2,412,247,210.05 and $5,714,389.21.
- Sokoto Command: N100,696,118.72.
- Kaduna Command: N331,494,710.81, $912, £50, and €1,610.
- Ilorin Command: N80,280,580.86 and $880.
- Abuja Zonal Command: N825,928,463 and $10,000.
- Ibadan Zonal Command: N135,519,810, $14,517, £280, and €500.
- Lagos Zonal Command: N6,826,993,798.78, $868,284.61, £147,672.10, and €1,899.90.
- Benin Zonal Command: N49,515,987.09 and $5,700.
The EFCC Chairman, Ola Olukoyede, revealed that a significant portion of the 747 convictions obtained during this period was related to cybercrime offenses. This disclosure came during an EFCC event themed ‘Dialogue on Youth, Religion, and the Fight against Corruption’ held at the Musa Yar’Adua Centre in the Federal Capital Territory, Abuja. The success of the EFCC in recovering substantial amounts and securing convictions underscores its commitment to combating financial crimes and promoting a corruption-free society.
