The Economic and Financial Crimes Commission (EFCC) recovered N1.23tn, $684.48m, £373,905.78 and €9.34m between October 1, 2023, and June 30, 2026, Chairman Ola Olukoyede has said.
Olukoyede disclosed this on Monday in Abuja while speaking with media executives and journalists. He described asset recovery as a major part of the commission’s work.
“Between 1 October 2023 and 30 June 2026, the Commission recorded recoveries of N1,233,612,040,411.11, $684,478,457.32, £373,905.78 and €9,343,803.66, in addition to recoveries in other currencies,” Olukoyede stated.
He said N397.26bn, about 33 per cent of the naira recovery, was recovered directly for the Federal Government, while N836.34bn, or 67 per cent, was recovered for various ministries.
“Recovery is only truly meaningful when value is returned to the public interest and to rightful beneficiaries. During the period, ₦661.32 billion and US$492.37 million were released to beneficiaries. The naira releases included about ₦325.35 billion paid directly to individuals and corporate bodies.
“Similarly, ₦335.97 billion was released to various MDA’s, Nigerian Revenue Service and States internal revenue services, alongside releases to other public institutions, companies and individuals.”
The EFCC also secured forfeiture of 10,053 tangible assets between October 2023 and July 2026, including electronics, real estate, vehicles, land, schools, factories, hotels, oil rigs, barges, machinery and aircraft.
“We also recorded the forfeiture of 102 tonnes of solid minerals,” he said.
Olukoyede said the commission would continue strengthening asset recovery to protect public resources and promote accountability.
