The Economic and Financial Crimes Commission (EFCC) has secured 10,872 convictions and recovered assets and cash worth over ₦1.23 trillion, alongside substantial sums in foreign currencies, in the 34 months since Ola Olukoyede assumed office as Executive Chairman.
Olukoyede disclosed this on Monday at a media briefing held at the EFCC headquarters in Abuja to review his stewardship of the anti-graft agency.
He stated that between October 2023 and July 2026, the Commission received 49,673 petitions, investigated 39,615 cases, filed 14,476 charges in court, and secured 10,872 convictions representing a conviction-to-filing ratio of 75.1 percent. In the first half of 2026 alone, the Commission recorded 1,370 convictions from 1,889 filings.
“These results reflect diligence, resilience, and a prosecutorial approach anchored on evidence and courtroom outcomes,” he told journalists.
On asset recovery, Olukoyede stated that between October 1, 2023, and June 30, 2026, the Commission recovered ₦1,233,612,040,411.11, $684,478,457.32, £373,905.78, and €9,343,803.66, in addition to sums in other foreign currencies.
He explained that approximately ₦397.26 billion (33 percent) of the naira recoveries went directly to the Federal Government, while ₦836.34 billion (67 percent) represented indirect recoveries made on behalf of ministries, departments, and agencies (MDAs), state revenue services, private companies, individuals, and foreign victims.
“Two out of every three naira recovered were on behalf of beneficiaries other than the Federal Government,” he said.
On restitution, the EFCC chairman disclosed that ₦661.32 billion and $492.37 million were disbursed to beneficiaries during the period, including about ₦325.35 billion paid directly to individuals and corporate bodies, and ₦335.97 billion remitted to MDAs and state revenue services.
Olukoyede emphasized that the Commission has continued to pursue high-profile cases without regard to the status of suspects, noting that its case portfolio spans former governors, ministers, agency heads, financial-sector executives, and corporate officials.
He cited the recent convictions of Saleh Mamman, Robert Orya, and Chukwunyere Nwabuoku as examples of this resolve.
“No office or title places anyone beyond the reach of the law,” he said, adding that the Commission will continue to investigate professionally, prosecute on the strength of evidence, and allow the courts to determine guilt or innocence.
Regarding its specialized enforcement portfolio covering money laundering, unlicensed bureaux de change (BDCs), illegal mining, virtual assets, and terrorist financing, the Commission recorded 920 cases and 212 convictions, with money laundering and unlicensed BDC operations accounting for the largest share.
The Commission also investigated 234 BDC-related cases and secured 73 convictions over the three-year period, which Olukoyede noted complemented Central Bank of Nigeria reforms aimed at stabilizing the foreign exchange market.
Beyond monetary recoveries, the EFCC secured the forfeiture of 10,053 tangible assets under interim and final court orders. These include 8,198 electronic devices, 1,177 real estate properties, 370 vehicles, 251 plots of land, as well as schools, factories, hotels, oil rigs, barges, and aircraft.
The Commission also secured the forfeiture of 102 tonnes of solid minerals, with proceeds from disposed assets yielding about ₦12.07 billion for the Federal Government.
Olukoyede also linked the Commission’s enforcement drive to Nigeria’s exit from the Financial Action Task Force (FATF) Grey List in October 2025, describing it as a national milestone to which EFCC casework contributed significantly.
He highlighted instances where recovered proceeds of crime were repurposed for public benefit, including ₦50 billion allocations made in August 2024 and again in 2026 to both the Nigerian Education Loan Fund (NELFUND) and the Nigerian Consumer Credit Corporation.
He also pointed to the conversion of a forfeited property into the Federal University of Applied Sciences, Kachia, Kaduna State, which admitted 1,909 students in December 2025, while disclosing that another private university has been forfeited to the Federal Government.
On institutional reforms, Olukoyede highlighted updated guidelines on arrest and bail, the establishment of the Department of Fraud Risk Assessment and Control, a dedicated Security Department, an Immigration and Visa Section, and a Cybercrime Rapid Response Centre.
He noted that the Commission had commissioned new directorates in Enugu, Ilorin, Ekiti, Anambra, and Katsina states, while digitalizing nearly 60 percent of its internal processes.
He commended ongoing collaborations with domestic security agencies and international partners, including the FBI, the UK’s National Crime Agency, the Royal Canadian Mounted Police, and INTERPOL, adding that he was recently re-elected President of the Network of National Anti-corruption Institutions in West Africa (NACIWA) for another three-year term.
Moving forward, Olukoyede affirmed that the Commission’s priorities include strengthening preventive measures, expediting restitution, investing in advanced investigative technology, and enhancing professional standards during citizen engagements.
He expressed gratitude to President Bola Tinubu, the National Assembly, the judiciary, civil society organizations, the media, and the Nigerian public for their continued support, concluding, “We will never take your trust and confidence for granted.”