EFCC Achieves N1.23 Trillion Recoveries Under Olukoyede
The Economic and Financial Crimes Commission (EFCC) reported N1.23 trillion in recoveries and secured 10,872 convictions during the first 34 months of Ola Olukoyede’s tenure as chairman, from October 1, 2023, to July 31, 2026. The commission received 49,673 petitions, investigated 39,615 cases, and filed 14,476 cases in court.
Additionally, dollar recoveries amounted to $684.48 million. The EFCC's activities included addressing financial crimes such as advance fee fraud, cybercrime, money laundering, and bank fraud.
Olukoyede was appointed by President Bola Ahmed Tinubu on October 12, 2023, and confirmed by the Senate on October 18, 2023. Before his appointment, Olukoyede had over two decades of experience in law and fraud management.
The EFCC's August 2026 briefing identified 36 high-profile cases still pending in court, involving former governors and senior officials. The commission continues to investigate ongoing cases related to financial crimes.
Plus234Feed summary based on reporting from Nairametrics. Read the original report below.
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