N1.233tn recovered, 10,872 convictions secured in 34 months — EFCC
The Economic and Financial Crimes Commission says it recovered N1.233 trillion and secured 10,872 convictions in a 34-month period under Ola Olukoyede. Read More: https://punchng.com/n1-233tn-recovered-10872-convictions-secured-in-34-months-efcc/
Between October 1, 2023 and July 31, 2026, the Economic and Financial Crimes Commission (EFCC) recovered a total of N1.233tn, according to a video posted on its official X account. This figure represents the commission's efforts over 34 months under the chairmanship of Ola Olukoyede. In a statement accompanying the recovery announcement, the EFCC highlighted that the N1.233tn was recovered after receiving 49,673 petitions.
Of these petitions, 39,615 cases were investigated, leading to 14,476 cases being filed in court. These court proceedings resulted in 10,872 convictions. The EFCC also mentioned that the recovered funds are the result of investigating various forms of financial crimes, including advance fee fraud, cybercrime, money laundering, bank fraud, and economic governance fraud.
Each number in the recovery figure represents an investigation, a financial trail uncovered, and the recovery of public resources to combat economic and financial crimes. The commission concluded by stating, "The work continues."
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