Nigeria reports significant gains in asset recovery and anti-corruption enforcement

Nigeria has demonstrated significant progress in combating illicit financial flows and strengthening anti-money laundering enforcement. The Economic and Financial Crimes Commission (EFCC) reported that asset recoveries between October 2023 and July 2026 exceeded N1 trillion. During this period, the EFCC investigated 39,615 cases and secured 10,872 convictions following the filing of 14,476 court cases.

Complementing these enforcement figures, the Civil Society Legislative Advocacy Centre (CISLAC) noted institutional and legislative advances in asset recovery and governance. However, CISLAC Executive Director Auwal Ibrahim Musa-Rafsanjani cautioned that implementation remains a primary challenge. He highlighted that enforcement is often weakened by political interference and called for increased transparency regarding how recovered funds and properties are managed and utilized.