*Says EFCC Dismissed Over 40 Staff For Corruption, More Than Five Facing Prosecution
The Economic and Financial Crimes Commission has recovered more than ₦1.23 trillion and $684.48 million in proceeds of economic and financial crimes, secured 10,872 convictions and dismissed more than 40 of its personnel for alleged corruption and financial malpractice under the leadership of its Executive Chairman, Ola Olukoyede.
Olukoyede disclosed the figures on Monday, August 31, 2026, while presenting the Commission’s stewardship report to media executives and journalists at the EFCC headquarters in Abuja, detailing enforcement activities, asset recoveries, prosecutions, restitution, international cooperation and internal reforms undertaken since October 2023.
According to him, 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, apart from recoveries made in other currencies.
He explained that about ₦397.26 billion, representing 33 per cent of the total naira recovery, constituted direct recoveries for the Federal Government, while ₦836.34 billion, representing 67 per cent, was recovered on behalf of ministries, departments and agencies, state revenue services, companies, individuals and foreign victims.
Olukoyede said the breakdown showed that roughly two out of every three naira recovered by the Commission during the period were recovered for beneficiaries other than the Federal Government.
The EFCC chairman said asset recovery remained a central pillar of the Commission’s anti-corruption mandate, but stressed that the real value of recovery lay in returning assets and funds to legitimate beneficiaries and converting criminal proceeds into public value.
He disclosed that ₦661.32 billion and $492.37 million had been released to beneficiaries during the period under review.
Of the naira amount, approximately ₦325.35 billion was released directly to individuals and corporate bodies, while about ₦335.97 billion was returned to ministries, departments and agencies, the Nigerian Revenue Service, state internal revenue services, other public institutions, companies and individuals.
Olukoyede also disclosed that EFCC enforcement activities resulted in approximately ₦288.1 billion in federal and state tax recoveries.
According to him, about ₦173.2 billion represented federal tax recoveries, while ₦114.9 billion was attributed to state internal revenue services.
He stressed that the amounts represented enforcement of existing tax obligations rather than the introduction of new taxes.
The Commission also recorded about ₦257.2 billion in recoveries for federal ministries, departments and agencies, which Olukoyede said demonstrated how anti-corruption enforcement could strengthen public revenue without imposing additional taxes on citizens.
The figures represented a conviction-to-filing ratio of about 75.1 per cent.
The figures represented a conviction-to-filing ratio of about 75.1 per cent.
In the first half of 2026 alone, he said the Commission secured 1,370 convictions from 1,889 cases filed in court.
Olukoyede said the statistics reflected a prosecutorial approach built around investigation, evidence gathering and securing sustainable courtroom outcomes rather than merely announcing arrests.
According to him, analysis of petitions and cases handled by the Commission also revealed changes in Nigeria’s financial crime landscape.
Between 2024 and 2026 year-to-date, the EFCC recorded 46,288 offences across nine major crime categories, with advance fee fraud and cybercrime accounting for nearly two-thirds of the total.
He said recorded offences increased by 24.1 per cent between 2024 and 2025, with significant increases in procurement fraud, bank fraud, cybercrime and economic-governance-related offences.