Chairman of the Economic and Financial Crimes Commission (EFCC), 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 foreign currencies and assets.
He made this disclosure in Abuja on Thursday, October 23, 2025, 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 has witnessed significant reforms and record-breaking achievements across all operational fronts of the Commission.
The EFCC’s boss, who spoke through the Director of Public Affairs of the Commission, Commander of the EFCC, CE 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 ₦566,319,820,343.40, $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.
Among these recovered assets were two notable landmarks: the final forfeiture of 753 units of duplexes in Lokogoma, Abuja, and the forfeiture of Nok University, now the Federal University of Applied Sciences, Kachia, Kaduna State.
The EFCC chairman described the recoveries as tangible evidence of the Commission’s renewed drive to trace, confiscate, and return illicit assets to the Nigerian state and victims of fraud.
He listed several high-profile cases prosecuted within the period, including those involving former governors Willie Obiano, Abdulfatah Ahmed, Darius Ishaku, Theodore Orji, and Yahaya Bello. Others are former ministers Olu Agunloye, Mamman Saleh, Hadi Sirika, Charles Ugwu, and former Central Bank Governor, Godwin Emefiele.
He further disclosed that the Commission in December 2024 arrested 792 suspects involved in investment and cryptocurrency fraud in Lagos, among whom were 192 foreigners who were prosecuted and deported.
“This development sent a strong message that Nigeria will not allow its territory to be turned into a safe haven for cybercriminals,” Olukoyede stated.
He added that the Commission also revisited and revived several longstanding corruption cases, including those involving Fred Ajudua, former PDP national chairman Haliru Bello Mohammed, former National Security Adviser (NSA) Sambo Dasuki, and former Nigerian Social Insurance Trust Fund (NSITF) boss Ngozi Olojeme.
