Politics

EFCC Makes Strides: Recovers N70 Billion In Record 100 Days Exclusive Details Inside

Published February 3, 2024 at 11:51 AM

By James Smith

EFCC Makes Strides: Recovers N70 Billion In Record 100 Days Exclusive Details Inside

The Economic and Financial Crimes Commission (EFCC) has announced a substantial recovery of N70 billion within a 100-day period spanning from October 2023 to January 19, 2024. This noteworthy achievement was documented in an EFCC report titled ‘Operations and Recoveries………CONTINUE READING

According to the report, the EFCC successfully retrieved N60,969,047,634.25, $10,522,778.57, £150,002.10, and €4,119.90, culminating in a grand total of N70,556,658,370.5 during the specified timeframe.

In addition to the impressive financial recovery, the Commission received a total of 3,325 petitions, accepted 2,657 of them, and secured convictions for 747 individuals involved in various financial crimes, including money laundering and internet fraud.

Breaking down the recovered amounts across different commands, the EFCC headquarters led with N49,607,391,330.44, $3,900,200.75, £2000, and £110. The Maiduguri Zonal Command contributed N58,065,870 and $3,370, while the Gombe Command recovered N127,323,028.50 and $1,500. The Kano Command achieved recoveries of N141,944,451 and $365, and the Makurdi Command retrieved N53,228,325.

Other notable contributions came from the Enugu Command (N202,117,000 and $1,950), Uyo Command (N25,299,950 and $710), and Port Harcourt Zonal Command (N2,412,247,210.05 and $5,714,389.21). The Sokoto Command also made a substantial recovery of N100,696,118.72.

The Kaduna Command reported recoveries totaling N331,494,710.81, $912, £50, and €1,610, while the Ilorin Command recorded N80,280,580.86 and $880 in recoveries. The Abuja Zonal Command contributed N825,928,463 and $10,000, and the Ibadan Zonal Command reported N135,519,810, $14,517, £280, and €500.

Lastly, the Lagos Zonal Command achieved impressive results, recovering N6,826,993,798.78, $868,284.61, £147,672.10, and €1,899.90. The Benin Zonal Command also played a significant role by recovering N49,515,987.09 and $5,700.

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Source: Bushradiogist