EFCC's Olukoyede Transforms Crime Proceeds into Investments

Dr. Mike Uyi, President of Global Peace Movement International, praised Ola Olukoyede, Chairman of the Economic and Financial Crimes Commission (EFCC), for his transformative approach to combating economic and financial crimes. Uyi highlighted the Federal Government's decision to allocate liquid funds recovered by the EFCC to the Nigerian Education Loan Fund (NELFUND) as a significant endorsement of the Commission's efforts under Olukoyede's leadership.

Between October 2023 and September 2025, the EFCC received over 19,000 petitions, conducted 29,240 investigations, filed 10,525 cases, and secured 7,503 convictions, recovering N566.3 billion, $411.5 million, £71,306.25, €182,877.10, and 1,502 non-monetary assets. Uyi noted that these figures reflect the EFCC's growing capacity to tackle sophisticated financial crimes.

He cited the Supreme Court's July 2026 affirmation of the forfeiture of assets linked to former Central Bank of Nigeria Governor Godwin Emefiele as evidence of the Commission's determination to hold high-profile individuals accountable.