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EFCC recovers N152b, $386m

By Sodiq Omolaoye, Abuja
11 January 2022   |   3:31 am
Between January and December last year, the Economic and Financial Crimes Commission (EFCC) recovered the aggregate sum of N152,088,698,751.64.

EFCC

Between January and December last year, the Economic and Financial Crimes Commission (EFCC) recovered the aggregate sum of N152,088,698,751.64.

The anti-graft agency also recovered $386,220,202.84, £1,182,519.75, €156,246.76, 1,723,310.00 Saudi Riyal, 1,900.00 South African Rand and 1,400.00 Canadian Dollar in the year under review.

EFCC spokesperson, Wilson Uwujaren, yesterday, said, the recovery basket also included a digital currency component with 5,36957319 Bitcoin and 0.09012 Ethereum.

According to him, Headquarters Operation dominated the recoveries with N67,249,744,994.89, $375,662,223.59 and £1,151,539.75. t is 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.

Giving an overview of the performance, the commission’s Executive Chairman, Abdulrasheed Bawa, explained that the funds included direct and indirect recoveries for the different tiers of government, corporate organisations and individuals (victims of crime) within the period.

He commended his personnel for the performance, urging them to redouble their efforts to ensure that perpetrators of economic and financial crimes are denied the benefit of the proceeds of crime.

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