BPP, CIFCFIN join forces against graft
Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr Ola Olukoyede, has disclosed that under his leadership, the commission has made unprecedented progress in the fight against economic and financial crimes in the last two years by recovering over N566 billion alongside other currencies and assets.
He made this disclosure in Abuja yesterday, while addressing journalists at the corporate headquarters of the commission as part of activities marking his second anniversary in office.
Olukoyede, who was appointed on October 18, 2023, and confirmed by the Senate the following day, said the period had witnessed significant reforms and record-breaking achievements across all operational fronts of the Commission.
The EFCC boss, who spoke through the Director of Public Affairs of the Commission and the Commander of the EFCC, Wilson Uwujaren, said between October 2023 and September 2025, the commission received over 19,000 petitions, conducted 29,240 investigations, filed 10,525 cases in court, and secured 7,503 convictions.
He disclosed that within the same period, the commission recovered N566,319,820,343.40, $411,566,192.32, £71,306.25, €182,877.10, and other foreign currencies from proceeds of financial and economic crimes. Olukoyede also announced the recovery of 1,502 non-monetary assets, comprising 402 properties in 2023, 975 in 2024, and 125 so far in 2025.
MEANWHILE, in a move to boost the war against corruption in the country, the Bureau of Public Procurement (BPP) has signed a Memorandum of Understanding (MoU) with the Chartered Institute of Forensics and Certified Fraud Investigators of Nigeria (CIFCFIN).
According to a statement yesterday, the MoU was signed in Abuja on October 17, where the DG, BPP, Dr Adebowale Adedokun, called on CIFCFIN in the spirit of the agreement, to assist BPP in deepening investigations wherever necessary and to furnish the agency with appropriate information.
The DG said it had become necessary since the responsibilities of a seamless public procurement process rest with the respective Ministries, Departments, and Agencies (MDAs), which must act with integrity and diligence.
He explained that the BPP had transitioned from working in isolation to adopting a multi-stakeholder approach in promoting public trust and ensuring accountability in the use of public funds.
According to him, public trust dictates how the agency manages and deploys public resources, adding that the reforms BPP are implementing, and the partnerships being fostered, are not aimed at witch-hunting anyone, stressing that there is no reason for any person or agency to be worried, provided they are doing the right thing.
In his remarks, the Founder/Chairman, Governing Council of CIFCFIN, Dr Iliyasu Gashinbaki, who signed on its behalf, said the institute was committed to promoting the transparency and accountability that the BPP represents.
“We have witnessed measurable progress, particularly under your leadership. With this MoU, you are, indeed, ushering in the golden era of BPP. Through this partnership, you have sent a strong message to Nigerians that you stand for transparency, accountability, and ethical governance across all MDAs.”
According to Gashinbaki, the partnership is not about instilling fear in anyone but ensuring that people do the right thing. The CIFCFIN chairman commended the DG for his openness to innovation and inclusive, stakeholder-driven approach.
“You have lifted the veil of doubt; anyone who once suspected a lack of transparency can now see that the BPP has nothing to hide. You follow due process, uphold the law, and ensure that procurement activities are conducted effectively and on schedule,” he asserted.
