EFCC RECOVERS N1.23TN AND $684M IN 32 MONTHS — OLUKOYEDE
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By:Tajudeen Aminat
The Economic and Financial Crimes Commission has recovered N1.23tn, $684.48m, £373,905.78 and €9.34m between October 1, 2023, and June 30, 2026, according to the EFCC Chairman, Ola Olukoyede.
Olukoyede disclosed this on Monday in Abuja while speaking with media executives and journalists, identifying asset recovery as one of the key areas of the commission’s achievements.
He explained that the recovered funds and assets were linked to proceeds of financial crimes, with a substantial portion of the naira recoveries made on behalf of various government ministries.
Olukoyede said the EFCC recovered N1,233,612,040,411.11, $684,478,457.32, £373,905.78 and €9,343,803.66 during the period under review, alongside recoveries in other currencies.
According to him, N397.26bn, representing about 33 per cent of the total naira recovery, was recovered directly for the Federal Government.
He added that the remaining N836.34bn, or 67 per cent, represented indirect recoveries made on behalf of government ministries.
Olukoyede said asset recovery remained a critical part of the EFCC’s mandate, stressing that it was essential to the fight against economic and financial crimes and the protection of public resources.
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