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EFCC recovers N1.23tn and $684m, secures 10,872 convictions
The Economic and Financial Crimes Commission (EFCC) has reported significant enforcement and recovery achievements during the 34-month tenure of Executive Chairman Ola Olukoyede. Between October 2023 and July 2026, the agency recovered over N1.23 trillion and $684 million in proceeds of crime, alongside various other foreign currencies. Of the naira recovered, approximately 33 percent was for the federal government, while 67 percent was recovered on behalf of other entities, including state agencies and private individuals.
In terms of judicial outcomes, the EFCC secured 10,872 convictions, maintaining a conviction-to-filing ratio of 75.1 percent. The commission also obtained forfeiture orders for 10,053 assets, including real estate, vehicles, and electronic items. To improve internal accountability, the agency renamed its Department of Internal Affairs to the Department of Ethics and Integrity and implemented a new gift policy for personnel.
As part of a shift toward proactive prevention, the EFCC established the Fraud Risk Assessment and Control Department (FRAC), which aims to monitor suspicious financial movements and freeze assets within 72 hours. The agency is also targeting cryptocurrency-related crimes by utilizing a national confiscation wallet for seized virtual assets.
Entities
Abuja · Economic and Financial Crimes Commission · Federal Government of Nigeria · Financial Action Task Force · Justice Monica Dongban-Memsen · Nigeria · Ola Olukoyede · Robert Orya · Saleh Mamman
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 11 SOURCES] The EFCC has dismissed more than 40 staff members for corruption and financial malpractice in the last three years. solacebase.com · thenigerialawyer.com · www.lindaikejisblog.com · businessday.ng · thepodiummedia.com · +4 more
- [● 13 SOURCES] The EFCC secured 10,872 convictions between October 2023 and July 2026. lagostelevision.com · silverbirdtv.com · theglittersonline.com.ng · www.worldstagenews.com · businesselitesafrica.com · +6 more
- [● 3 SOURCES] The EFCC recorded 46,288 offences across nine major typologies between 2024 and 2026. www.fellowpress.com · chronicle.ng
- [● 13 SOURCES] The EFCC recovered over N1.23 trillion and $684 million in proceeds of crime between October 2023 and July 2026. lagostelevision.com · silverbirdtv.com · theglittersonline.com.ng · www.worldstagenews.com · businesselitesafrica.com · +6 more
- [● 2 SOURCES] The EFCC secured forfeiture orders for 10,053 assets, including real estate, vehicles, and electronic items. lagostelevision.com · dailytrust.com
- [● 10 SOURCES] The EFCC recorded 1,370 convictions from 1,889 filings in the first half of 2026. lagostelevision.com · silverbirdtv.com · theglittersonline.com.ng · www.worldstagenews.com · realnewsmagazine.net · +4 more
- [● 11 SOURCES] The EFCC renamed its Department of Internal Affairs to the Department of Ethics and Integrity. solacebase.com · www.lindaikejisblog.com · businessday.ng · thepodiummedia.com · prnigeria.com · +4 more
- [● 11 SOURCES] More than five dismissed EFCC staff members are currently facing prosecution. solacebase.com · thenigerialawyer.com · www.lindaikejisblog.com · businessday.ng · thepodiummedia.com · +4 more
- [● 2 SOURCES] The EFCC established the Fraud Risk Assessment and Control Department (FRAC) to freeze suspicious funds within 72 hours. platinumpost.news · dmarketforces.com