EFCC released N661.32 billion and $492.4 million to beneficiaries in 34 months — Olukoyede
The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has disclosed that the anti-graft agency released N661.32 billion and $492.37 million to beneficiaries in 34 months following recoveries. The post EFCC released N661.32 billion and $492.4 million to beneficiaries in 34 months — Olukoyede appeared first on Nairametrics .
EFCC Chair Ola Olukoyede revealed that the Economic and Financial Crimes Commission released N661.32 billion and $492.37 million to beneficiaries over a 34-month period following recoveries. This disclosure, made on August 31, 2026, aimed to inform the public about the agency's stewardship. Naira recoveries reached an all-time high of N1,233,612,040,411.11, with about N325.35 billion paid directly to individuals and corporations, while N335.97 billion was distributed to various MDAs, the Nigeria Revenue Service, and State Internal Revenue Services.
The EFCC also secured 10,872 convictions between October 2023 and July 2026 after receiving 49,673 petitions and investigating 39,615 cases. Olukoyede noted that recovery is only meaningful when value is returned to the public interest and rightful beneficiaries. Prosecution during the period saw the EFCC file 14,476 cases in court, with data from petitions and case analysis indicating shifting trends in financial crime threats.
In 2025, the EFCC recovered N364.5 billion and $326.5 million, alongside other assets, along with securing 4,111 convictions. The EFCC is a key anti-graft agency in Nigeria, and Chief Justice Kudirat Motonmori Kekere-Ekun highlighted a total of 2,398 financial crime convictions recorded in the judiciary between January 2024 and August 2024, attributing the success to the EFCC and other stakeholders.
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