The Economic and Financial Crimes Commission has recovered more than N1.23 trillion and $684.48 million in proceeds linked to financial crimes between October 2023 and July 2026, EFCC Chairman Ola Olukoyede has disclosed.
Olukoyede announced the figures on Monday during a media briefing with journalists in Abuja, highlighting the commission’s activities in investigation, prosecution, conviction and asset recovery since he assumed office.
According to the EFCC chairman, N397.26 billion of the recovered funds was recovered directly for the Federal Government, while another N836.35 billion went to individuals, companies, government agencies and other beneficiaries.
The commission said its total recovery during the period amounted to N1,233,612,040,411.11 and $684,478,457.32. The recoveries were made in 16 currencies across five continents.
Other funds recovered included £373,905.78, €9.34 million, CFA58.73 million and 463,660 Saudi riyals.
Olukoyede said the EFCC received 49,673 petitions during the period and investigated 39,615 of them. A total of 14,476 investigations resulted in court cases, while the commission secured 10,872 convictions.
The latest figures represent a significant increase from the N566 billion and $411 million in assets the commission reported recovering in October 2025.
Billions released to beneficiaries
The EFCC said N661.32 billion and $492.37 million from the recovered funds had already been released to beneficiaries through restitution and other recovery processes.
However, N71.01 billion and $18.29 million remained in recovery accounts or with exhibit keepers pending the identification and verification of their rightful owners.
State internal revenue services in Edo, Kwara, Oyo and Sokoto were among the beneficiaries, collectively receiving N97.98 billion.
The commission also reported N114.9 billion in tax recoveries attributed to state internal revenue services.
Federal ministries, departments and agencies received N257.2 billion and $126.4 million, while public corporate bodies received N2.49 billion. Private companies received N350.4 million, while individuals received N1.02 billion.
2025 records highest annual recovery
The EFCC recorded its largest annual naira recovery in 2025, when it recovered N521.3 billion.
The commission said naira recoveries increased by 43 per cent between 2024 and 2025, while direct recoveries made for the Federal Government rose by 429 per cent.
During the first six months of 2026, the commission recovered N201.9 billion. The agency, however, noted that the figure had not been annualised.
Dollar recoveries for the Federal Government also increased, with $123.7 million recovered during the first half of 2026, compared with $66.7 million recovered between October 2023 and the end of 2025.
Cybercrime remains major concern
Advance-fee fraud and cybercrime accounted for more than 62 per cent of the 46,288 offences recorded by the EFCC during the period.
Advance-fee fraud topped the list with 20,726 cases, followed by cybercrime with 8,222 cases. Money laundering accounted for 5,620 offences, while bank fraud recorded 3,328 cases.
Economic governance fraud accounted for 3,167 cases, while land and property fraud stood at 2,464.
Courts order forfeiture of 10,053 assets
The EFCC also secured interim and final forfeiture orders covering 10,053 assets during the 34-month period.
The assets included 8,198 electronic devices, 1,177 real estate properties, 370 vehicles and 251 plots of land.
Other forfeited assets included 32 schools, factories, hotels and shops, 25 oil rigs, barges and other machinery, as well as 102 tonnes of solid minerals.
The commission also listed a N450 million insurance policy, N250 million in Treasury bills and more than 40 million shares valued at N1.05 billion and $4.4 million among the assets forfeited.
Digital assets, including Bitcoin, USDT and Ethereum, were also covered by forfeiture orders.
According to the EFCC, proceeds from the disposal of assets under final forfeiture orders amounted to N12.07 billion, which had been remitted to the Federal Government.
The commission said the figures reflected its ongoing efforts to strengthen Nigeria’s fight against corruption, financial crimes and illicit wealth while improving its asset-recovery and prosecution processes.
