Why recovered N1.23 trillion won’t be found in FG account – EFCC
The Economic and Financial Crimes Commission, EFCC, says the recovered N1.23 trillion proceeds of crime over a 34-month period between October 2023 and July 2026 will not be found in the coffers of the Federal Government. The Director of Publicity for the EFCC, Wilson Uwujaren, said this on Tuesday during an interview on Arise Television’s […] Why recovered N1.23 trillion won’t be found in FG…
The Economic and Financial Crimes Commission, EFCC, has clarified that the recovered N1.23 trillion proceeds of crime, amassed over a 34-month period from October 2023 to July 2026, will not be found in the Federal Government's accounts. During an interview on Arise Television’s Prime Time, the EFCC's Director of Publicity, Wilson Uwujaren, disclosed this information.
Over the specified period, the anti-graft agency reportedly recovered over N1.23 trillion and secured 10,872 convictions. EFCC Chairman, Ola Olukoyede, presented his stewardship report, highlighting the agency's highest-ever monetary asset recovery in both naira and foreign currencies during the 34-month period.
The EFCC's spokesman explained that the N1.23 trillion recovered is not part of the Federal Government's account. This figure is categorized into two types of recovery: indirect recoveries, which involve the return of funds to victims of crime, and direct recoveries, which are allocated to the government for projects. Both categories are verifiable.
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