Ola Olukoyede, the Economic and Financial Crimes Commission’s (EFCC) executive chairman, claims that the commission has made unprecedented progress in the last two years.
Olukoyede disclosed the information on Thursday in Abuja during a press conference to celebrate his second year in office.
Between October 2023 and September 2025, he stated, “The EFCC has recovered more than 566 billion, several foreign currencies, and more than 1, 500 non-monetary assets.”
The EFCC Chairman, represented by the Director of Public Affairs, Commander of the EFCC, CE Wilson Uwujaren, said the Commission recovered ₦566, 319, 820, 343.40, $411, 566, 192.32, £71, 306.25, and €182, 877.10 during the period.
He claimed that the Commission had filed 10, 525 cases from more than 9, 000 petitions and 29, 240 investigations, which resulted in 7, 503 convictions.
Olukoyede referred to the accomplishments as concrete evidence of the EFCC’s renewed commitment to combating economic and financial crimes worldwide.
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He revealed that the Commission recovered 1, 502 non-monetary assets, including 402 properties in 2023, 975 in 2024, and 125 so far in 2025.
He stated that the forfeiture of Nok University, now the Federal University of Applied Sciences, Kachia, Abuja, and the final forfeiture of 753 duplexes in Lokogoma, Abuja, are two notable landmarks.
According to EFCC policy, some recovered properties have been given to government agencies for use as offices.
The anti-graft agency’s director revealed that there were 100 billion dollars invested in key national initiatives, including the Students Loan Scheme and Consumer Credit Scheme.
He claimed that the initiative supports the federal government’s goal of providing affordable credit access and education to citizens.
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Additionally, the EFCC Chairman gave a list of numerous well-known criminal cases that were handled during that time.
Former governors Willie Obiano, Abdulfatah Ahmed, Darius Ishaku, Theodore Orji, Yahaya Bello, and former ministers Olu Agunloye, Mamman Saleh, Hadi Sirika, Charles Ugwu, and former Central Bank Governor Godwin Emefiele are among them.
Olukoyede further disclosed that the Commission detained 792 suspects in Lagos in connection with money laundering and cryptocurrency ringleaders, including 192 foreigners who were detained and charged with a criminal offense.
He said, “This development sent a clear message that Nigeria won’t allow its territory to become a haven for cybercriminals.”
He noted that Fred Ajudua, Haliru Bello Mohammed, former PDP Chairman Haliru Bello Mohammed, former NSA Sambo Dasuki, and former Ngozi Olojeme boss Ngozi Olojeme have all been the subjects of recent corruption cases brought to light by the EFCC.
Olukoyede also announced the establishment of a Task Force on Naira Abuse and Dollarization of the Economy, which, according to him, has made notable progress in sanitizing currency operations nationwide.
The Chairman of the EFCC emphasized that improving national welfare is a key component of the Commission’s recoveries as well as figures.
Source: Channels TV
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