The Economic and Financial Crimes Commission (EFCC) says it has recovered a record ₦1.233 trillion in monetary assets within the first 34 months of Ola Olukoyede’s tenure as Chairman, representing the highest recovery figure recorded by the anti-graft agency.
Olukoyede disclosed this on Monday in Abuja while presenting his stewardship report, putting the total recoveries at ₦1,233,612,040,411.11, alongside $684.48 million, £373,905.78 and €9.34 million in foreign currencies between October 2023 and July 2026.
According to him, about ₦397.26 billion, representing 33 per cent of the naira recovery, was recovered directly for the Federal Government, while ₦836.34 billion, or 67 per cent, was recovered on behalf of ministries, departments and agencies, state revenue services, companies, individuals and foreign victims. Olukoyede said this meant that “two out of every three naira recovered” went to beneficiaries other than the Federal Government.
The EFCC boss also disclosed that the commission received 49,673 petitions, investigated 39,615 cases, filed 14,476 cases in court and secured 10,872 convictions during the period under review, translating to a 75.1 per cent conviction-to-filing ratio. He said the commission alone recorded 1,370 convictions from 1,889 filings in the first half of 2026.
Olukoyede said the commission’s enforcement activities extended beyond high-profile corruption cases, with its 2024 to 2026 year-to-date data showing 46,288 offences across nine major financial-crime categories. Advance fee fraud and cybercrime, he said, accounted for nearly two-thirds of the recorded offences, while procurement fraud, bank fraud and economic-governance offences recorded notable increases between 2024 and 2025.
On asset recovery, the EFCC chairman said the commission secured the forfeiture of 10,053 tangible assets, including 8,198 electronic items, 1,177 real estate properties, 370 automobiles and 251 plots of land, as well as schools, factories, hotels, shops, oil rigs, barges, machinery and aircraft. He added that proceeds from the disposal of finally forfeited assets amounted to about ₦12.07 billion, which was paid into government coffers.
Olukoyede, who described the period as one of sustained enforcement and institutional reform, said ₦661.32 billion and $492.37 million recovered by the commission were released to beneficiaries, while reforms had also expanded the agency’s operational reach and digital capacity. He disclosed that nearly 60 per cent of EFCC processes and operations had been digitalised, alongside the establishment of new directorates, specialised enforcement units and the 24/7 Cybercrime Rapid Response Centre.
