EFCC: We’ve Recovered N1.23trn, $684m, 1,177 Real Estate Assets in 3 Years
• Secured 10,872 convictions, as cybercrime, advance-fee fraud account for nearly two-thirds of major offences • Released N661.32bn, $492.37m to beneficiaries Iyobosa Uwugiaren and Alex Enumah in Abuja Economic and
The Economic and Financial Crimes Commission (EFCC) has announced that it has recovered N1.233 trillion, equivalent to $684.48 million, from 1,177 real estate assets and other sources between October 2023 and June 2026. EFCC Chairman, Mr. Ola Olukoyede, attributed the success to the dedication of his team in fighting economic and financial crimes and corruption.
The recovered assets were returned to the federal and state governments, companies, individuals, and foreign beneficiaries, with the majority going to non-federal entities. In addition to monetary recoveries, the commission also seized 1,177 real estate assets, 8,198 electronic items, 251 plots of land, and various other properties, generating proceeds used for national development, including funding for the Nigerian Education Loan Fund and Nigerian Consumer Credit Corporation.
The EFCC also recorded 10,872 convictions in the same period, with economic and financial crimes now primarily driven by advance-fee fraud and cybercrime, which together accounted for nearly two-thirds of the recorded offences.
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