The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Ola Olukoyede has disclosed that under his leadership, the Commission has recovered over N566 billion alongside other currencies and assets and that such funds have been deployed to key national initiative, including the Students Loan Scheme and Consumer Credit Scheme and other government agencies such as the Niger Delta Development Commission (NDDC), Asset Management Corporation of Nigeria (AMCON), Federal Inland Revenue Service (FIRS), and National Health Insurance Authority (NHIA).
He made this disclosure in Abuja on Thursday, October 23, 2025.
Olukoyede, who was appointed on October 18, 2023, was reported at the media chat by the Director of Public Affairs of the Commission, Commander of the EFCC, CE Wilson Uwujaren.
He mentioned that between October 2023 and September 2025, the Commission received over 19,000 petitions, conducted 29,240 investigations, filed 10,525 cases in court, and secured 7,503 convictions.
He disclosed that within the same period, the Commission recovered N566,319,820,343.40, $411,566,192.32, £71,306.25, €182,877.10, and other foreign currencies from proceeds of financial and economic crimes.
Olukoyede also announced the recovery of 1,502 non-monetary assets, comprising 402 properties in 2023, 975 in 2024, and 125 so far in 2025.
“Among these recovered assets are two notable landmarks: the final forfeiture of 753 units of duplexes in Lokogoma, Abuja, and the forfeiture of Nok University, now the Federal University of Applied Sciences, Kachia, Kaduna State” he said
He listed several high-profile cases prosecuted within the period, including those involving former governors Willie Obiano, Abdulfatah Ahmed, Darius Ishaku, Theodore Orji, and Yahaya Bello. Others are former ministers Olu Agunloye, Mamman Saleh, Hadi Sirika, Charles Ugwu, and former Central Bank Governor, Godwin Emefiele.
Honourable Lady Blessing Onyeche Onuh, the Member of the House of Representatives representing Otukpo/Ohimini…
The Independent National Electoral Commission (INEC) has explained why President Bola Tinubu’s primary and secondary…
President of the Idoma Association USA, Prince Edwin Ochai, has cautioned candidates contesting various…
Hon. Dr. Peter Adejoh, a former governorship aspirant in Benue State, has graduated with…
My fellow Nigerian Youth, Today, as the world marks International Youth Day, I speak…
LONDON, UNITED KINGDOM — President of the Idoma Community United Kingdom (ICUK), Chief Dr.…