Financial Crimes: EFCC Recovers N70 Billion in 100 Days
The Economic and Financial Crimes Commission (EFCC) has announced that it has recovered a whopping N70 billion from various financial criminals within 100 days, between October 2023 and January 19, 2024.
The anti-graft agency disclosed this in a document titled, ‘Operations and Recoveries’, which detailed the breakdown of the recovered funds in different currencies.
According to the document, the EFCC recovered N60,969,047,634.25, $10,522,778.57, £150,002.10, and €4,119.90, making a total of N70,556,658,370.5 within the period under review.
The document also revealed that the EFCC received 3,325 petitions, accepted 2,657 of them, and secured the convictions of 747 persons for various financial crimes, such as money laundering and internet fraud.
The document showed that the EFCC headquarters had the highest recovery of N49,607,391,330.44, $3,900,200.75, £2000, and £110, followed by the Lagos Zonal Command, which recovered N6,826,993,798.78, $868,284.61, £147,672.10, and €1899.90.
The Port Harcourt Zonal Command came third with N2,412,247,210.05 and $5,714,389.21, while the Kaduna Command recovered N331,494,710.81, $912, £50, and €1,610.
The other zonal commands also made significant recoveries, as shown in the document.
The EFCC said the recoveries were part of its efforts to fight corruption and ensure accountability in the financial system.- daily247app.com
