The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has revealed the successes recorded under his leadership in the last two years, including the recovery of ₦566,319,820,343.40, $411,566,192.32, £71,306.25, €182,877.10, and other foreign currencies from proceeds of crimes.
Olukoyede made the disclosure while addressing journalists at the Commission’s corporate headquarters in Abuja on Thursday as part of activities marking his second anniversary in office.
Represented by the Director of Public Affairs of the Commission, Commander of the EFCC, CE Wilson Uwujaren, Olukoyede said 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 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.
Olukoyede described the recoveries as tangible evidence of the Commission’s renewed drive to trace, confiscate, and return illicit assets to the Nigerian state and victims of fraud.
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.
The EFCC Chairman further disclosed that in December 2024, the Commission arrested 792 suspects involved in investment and cryptocurrency fraud in Lagos, among whom were 192 foreigners who were prosecuted and deported.
“This development sent a strong message that Nigeria will not allow its territory to be turned into a safe haven for cybercriminals,” Olukoyede stated.
He added that the Commission had revisited and revived several longstanding corruption cases, including those involving Fred Ajudua, former Peoples Democratic Party (PDP) Chairman, Haliru Bello Mohammed; former National Security Adviser, Sambo Dasuki; and former Nigerian Social Insurance Trust Fund (NSITF) boss, Ngozi Olojeme.
Olukoyede explained that part of the funds recovered by the Commission was deployed to key national initiatives, including the Students Loan Scheme and the Consumer Credit Scheme, with a total of ₦100 billion invested.
He noted that 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) also benefited from returned funds.
“Some of the properties recovered have been allocated to government agencies for use as offices, in line with the Commission’s policy of ensuring that recovered assets are put to productive use,” Olukoyede remarked.
He pointed out the establishment of a Task Force on Naira Abuse and Dollarisation of the Economy, adding that it has made notable impact in sanitising currency operations across the country.
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