The Economic and Financial Crimes Commission (EFCC) has announced that it recovered a total of N853 billion as proceeds of crime within the last one year, underscoring its intensified efforts in the fight against corruption, financial crimes, and economic sabotage in Nigeria.
According to the anti-graft agency, the recoveries were made through various enforcement operations, including the prosecution of high-profile cases, asset forfeitures, and financial intelligence investigations. The EFCC noted that the recovered funds cut across different sectors, ranging from cybercrime and money laundering to illicit financial flows and contract fraud.
In its latest performance review, the commission disclosed that beyond cash recoveries, it also secured forfeitures of several properties, vehicles, and other valuable assets linked to individuals and corporate organizations found guilty of financial misconduct. These assets, the EFCC added, are being managed in line with provisions of the Proceeds of Crime (Recovery and Management) Act, pending final disposal.
The commission highlighted that its successes were driven by stronger inter-agency collaboration, advanced use of digital forensic tools, and improved intelligence sharing with both local and international partners. Officials stressed that the EFCC remains committed to strengthening transparency, accountability, and deterrence against corruption in both the public and private sectors.
While lauding the achievements, the EFCC acknowledged the challenges facing the anti-corruption campaign, including resistance from entrenched interests, slow judicial processes, and the need for continuous legislative support. The agency, however, assured that it would not relent in pursuing cases to logical conclusion, regardless of the status of those involved.
Civil society organizations have welcomed the development, urging the EFCC to ensure that all recovered funds are transparently remitted to the national treasury and judiciously utilized for public good. They also called for stronger institutional reforms to prevent future looting of public resources.
With the recovery of N853 billion within one year, the EFCC reaffirmed its determination to build on the momentum in the coming months. The agency stressed that the fight against corruption remains a collective responsibility and urged Nigerians to support its mandate by reporting suspicious financial activities across the country.
