EFCC Recovers N1.2tn, $684m Cash, 1177 Estate Assets, Others in Three Years
*Secures 10,872 convictions as 419, cybercrime form two-thirds of major offences Alex Enumah in Abuja The Economic and Financial Crimes Commission (EFCC) has disclosed that over a trillion naira and
The Economic and Financial Crimes Commission (EFCC) has recovered over a trillion naira and millions of dollars, including other foreign currencies, in the past three years. Chairman Ola Olukoyede revealed these figures during a media briefing. Two-thirds of the major offenses were attributed to cybercrime, making it the leading cause of recovery.
The EFCC recovered ₦1,233,612,040,411.11 and $684,478,457.32, among other currencies. Out of the naira amount, approximately ₦397.26 billion were direct recoveries for the federal government, while ₦836.34 billion were indirect recoveries made on behalf of various beneficiaries. The EFCC also seized 10,872 convictions in the same period.
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