EFCC’s Vigilance Yields N70 Billion in 100 Days: A Triumph Against Financial Crimes

In a resounding success against financial crimes, the Economic and Financial Crimes Commission (EFCC) proudly announces the recovery of a staggering N70 billion within a span of 100 days, from October 2023 to January 19, 2024. This remarkable achievement is detailed in the EFCC’s comprehensive report titled ‘Operations and Recoveries.’

The breakdown of the recovered funds reveals an impressive sum of N60,969,047,634.25, $10,522,778.57, £150,002.10, and €4,119.90. This brings the total recovered by the anti-graft commission during the period to N70,556,658,370.5.

During this rigorous period, the EFCC received a total of 3,325 petitions, demonstrating the scale of public concern. Out of these, 2,657 petitions were accepted, leading to the commendable conviction of 747 individuals involved in financial crimes, ranging from money laundering to internet fraud.

The EFCC’s headquarters took the lead in recoveries, securing an impressive N49,607,391,330.44, $3,900,200.75, £2,000, and £110. Other regional commands showcased their commitment to the cause, with notable figures including N2,412,247,210.05 and $5,714,389.21 recovered by the Port Harcourt Zonal Command, and N6,826,993,798.78, $868,284.61, £147,672.10, and €1,899.90 recovered by the Lagos Zonal Command.

The Maiduguri Zonal Command, Gombe Command, Kano Command, Makurdi Command, Enugu Command, Uyo Command, Sokoto Command, Kaduna Command, Ilorin Command, Abuja Zonal Command, Ibadan Zonal Command, and Benin Zonal Command all made substantial contributions to the overall success, showcasing the nationwide impact of the EFCC’s efforts.

This monumental achievement underscores the EFCC’s commitment to combating financial crimes and upholding the integrity of Nigeria’s financial system. The recovered funds represent a significant step towards curbing corruption and promoting financial transparency within the country.

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