The Economic and Financial Crimes Commission (EFCC) in 2024, recorded its best ever performance since inception in 2003, with the highest number of convictions, single largest asset recovery ever, and money forfeitures.
This is contained in a statistical report released to journalists by the agency.
An appraisal of the commission’s operations, show that beginning January 2024, the EFCC recorded unprecedented volumes of, and breakthroughs in cases involving Advance Fee Fraud, Money Laundering, and Cybercrime, among others, across all its Zonal Directorates in the country.
The monetary recoveries for the year include ₦364,597,370,151.35; $214,513,439.55; £54,318.64 and 31,265, Euros.
Other volumes of monies recovered are CAD$2,990; AUD $740.00; CFA7,821,375; UAE DIRHAM 170; RIYALS 5,115; W73,000; 105 Yen; GH¢225 and RAND 50.
Among the Recovered assets in 2024 include the forfeiture to the Federal Government of over 750 duplexes and other apartments late 2024, which is the single largest recovery by the Commission since inception.
A summary of the assets include 173 vehicles, cash sums of N9,477,977,318.78 (billion), $2,605,858.30 (million) and UKP1,600. Others include crypto currencies of 13.37BTC worth about $572,992.86. 5.97886094 ETHEREUM worth $13,353.06. 298.4770071 GREEN SATOSHI token worth $6, 1,002.547631. USDT ($1,0022.22), sum of N2,699,233. USDT in form TETHER COIN (USDT TRC-20).
Others are 378 electronics, one factory, one hotel, two gold chains, 14 parcels of land, petroleum products and 70 tons of unidentified solid minerals
According to the commission, some of the monetary recoveries have been reinvested by the Federal Government in initiatives that provide significant benefits to the Nigerian people.
It says this include the ₦50BN granted to the Nigerian Education Loan Fund (NELFUND) by the Federal Government.
The Commission says it secured 4,111 convictions in 2024, its highest number of convictions in any operational year in the EFCC’s 22-year history. These were from 15,724, petitions, which led to 12,928 investigations, and 5,083 prosecutions.
Leading the pack is the Lagos Zonal Directorate, comprising Lagos and Ogun states with 685 convictions from 3,224 petitions, 2,454 cases investigated, and 786 cases filed in court. This is followed by Enugu zone (Enough, Ebonyi, Imo, Anambra states) with 516 convictions from 545 cases prosecuted and Ibadan zone (Oyo, Osun, Ekiti states) with 501 convictions from 786 prosecutions.
Others are Benin with 412 convictions; Ilorin, 230; Kaduna – 273, Gombe – 147, Kano – 148, Abuja – 140, Makurdi – 161, Maiduguri – 95, Port Harcourt – 185, Sokoto – 108 and Uyo – 220 convictions.
