Adedokun Waliyu The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has announced N1.3 trillion worth of recoveries in the past three and a half years.
Speaking at a news conference in Abuja, the EFCC boss said the recoveries were made between June 1, 2023, and June 30, 2026.
Also, a total of 234 cases involving Bureau de Change operators are under investigation, with 72 convictions secured.
The categories of crimes listed by the Commission include advance fee fraud, bank fraud, economic governance fraud, money laundering, procurement fraud, cybercrime, extractive industry fraud, land and property fraud, and tax fraud.
The EFCC chairman also defended the Commission’s latest policy on managing asset auctions under the Proceeds of Crime Act (POCA), stressing that it falls within its mandate.
He also announced plans by the Commission to launch a 24-hour rapid response centre by September, where members of the public can report economic and financial crimes.
Olukoyede further disclosed that a total of 50 staff members of the Commission have been dismissed in the past three years, while five are facing prosecution.
More details are expected to emerge as the Commission provides further information.
