2021 Review: EFCC discloses recovery of N152bn, $386m, other fraudulent sums in 2021
By Moses Adeniyi
Update from the 2021 review of the performance of the Economic and Financial Crimes Commission (EFCC) has revealed the Commission in the year under review recovered the aggregate sum of N152bn, $386m, £1.1m, €156,246.76, 1,723,310.00 Saudi Riyal, 1,900.00 South African Rand, and 1,400.00 Canadian Dollar between January and December 2021.
The Agency statement revealed that in continuation of the review of the operational activities for 2021 a cumulative sum of “N152, 088,698,751.64, (One Hundred and Fifty-two Billion, Eighty-eight Million, Six Hundred and Ninety-eight Thousand, Seven Hundred and Fifty-one Naira, Sixty-four Kobo), $386,220,202.84 (Three Hundred and Eighty-six Million, Two Hundred and Twenty Thousand, Two Hundred and Two Dollar, Eighty-four Cent), £1, 182,519.75 (One Million, One Hundred and Eighty-two Thousand, Five Hundred and Nineteen Pounds, €156,246.76( One Hundred and Fifty-six Thousand, Two Hundred and Forty-six Euro), 1,723,310.00 Saudi Riyal, 1,900.00 South African Rand, and 1,400.00 Canadian Dollar between January and December 2021,” were recovered.
The breakdown according to a statement from the Agency on Monday revealed that the Headquarters Operation dominated the recoveries with N67,249,744,994.89, $375,662,223.59 and £1,151,539.75.
This was closely followed by the Lagos Command which led the Naira recoveries with N70,315,611,260.52, $9,286,497.83 and £21,500.00.
The Kaduna Zonal Command emerged third in terms of Naira recoveries with a total sum of N3,339,405,723.93, while the Ibadan Zonal Command took the same position in terms of Dollar recoveries to the tune of $387,385.00.
According to the statement in continuation of the review of its operational activities for 2021, the EFCC said the recovery basket also included a digital currency component with 5, 36957319 bitcoin and 0.09012 Ethereum.
In the review of the performance, the Executive Chairman of the Commission,
Abdulrasheed Bawa, explained that the sum included direct and indirect recoveries for the different tiers of government (Federal, State and Local Governments), corporate organisations and individuals (victims of crime) within the year under review.
The Abdulrasheed Bawa-led management of the EFCC mentioned that there was no hiding place for looters of the nation’s treasury and perpetrators of economic and financial crimes.
Recall that the commission has earlier disclosed that it had recorded convictions of no less than 2,220 across the commands in the same year under review.
