In 2 Years, EFCC Recovered N566bn, $411m, 1,502 Properties — Olukoyede
The Economic and Financial Crimes Commission (EFCC) has recorded major strides in Nigeria’s anti-corruption drive, recovering over ₦566 billion, $411 million, and 1,502 properties within the last two years under the leadership of its Executive Chairman, Ola Olukoyede.
Olukoyede made this disclosure on Thursday, October 23, 2025, during a media briefing at the Commission’s headquarters in Abuja to mark his second anniversary in office.
Appointed on October 18, 2023, and confirmed by the Senate the following day, Olukoyede said the EFCC has implemented sweeping reforms and achieved unprecedented milestones across all operational fronts.
Represented by the Commission’s Director of Public Affairs, Commander CE Wilson Uwujaren, Olukoyede revealed that between October 2023 and September 2025, the EFCC received over 19,000 petitions, conducted 29,240 investigations, filed 10,525 cases in court, and secured 7,503 convictions.
According to him, the recoveries within the period included ₦566,319,820,343.40, $411,566,192.32, £71,306.25, €182,877.10, and other foreign currencies from proceeds of financial and economic crimes.
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He also disclosed that the EFCC recovered 1,502 non-monetary assets, comprising 402 properties in 2023, 975 in 2024, and 125 so far in 2025. Among these are two landmark recoveries — the final forfeiture of 753 duplex units in Lokogoma, Abuja, and the forfeiture of Nok University, now renamed the Federal University of Applied Sciences, Kachia, Kaduna State.
“These recoveries are concrete proof of the EFCC’s renewed commitment to trace, confiscate, and return illicit assets to the Nigerian state and to victims of fraud,” Olukoyede said.
Highlighting some major cases handled within the period, he named former governors Willie Obiano, Abdulfatah Ahmed, Darius Ishaku, Theodore Orji, and Yahaya Bello, as well as ex-ministers Olu Agunloye, Mamman Saleh, Hadi Sirika, Charles Ugwu, and former CBN Governor Godwin Emefiele, among those prosecuted for various corruption offenses.
Olukoyede further revealed that in December 2024, the Commission arrested 792 suspects in Lagos over investment and cryptocurrency-related fraud, including 192 foreign nationals who were subsequently prosecuted and deported.
“This action sent a strong signal that Nigeria will not allow its territory to be turned into a safe haven for cybercriminals,” he stressed.
He added that the EFCC has also revived several long-standing corruption cases, including those involving Fred Ajudua, former PDP National Chairman Haliru Bello Mohammed, former National Security Adviser Sambo Dasuki, and former NSITF boss Ngozi Olojeme.
Olukoyede reaffirmed the Commission’s resolve to sustain its momentum in combating economic and financial crimes, ensuring transparency, accountability, and recovery of stolen assets for the benefit of all Nigerians.
By PRNigeria
