The Economic and Financial Crimes Commission (EFCC) says its anti-corruption operations have generated significant fiscal value for governments and returned hundreds of billions of naira to individuals, businesses and public institutions over the past three years.
Executive Chairman of the Commission, Ola Olukoyede, disclosed this on Monday in Abuja while presenting his three-year stewardship report, covering the period since he assumed office in October 2023.
Olukoyede said the Commission recovered about ₦1.23 trillion, alongside $684.48 million, £373,905.78 and €9.34 million, between October 2023 and June 2026.
He said the recoveries were not limited to the Federal Government, noting that about ₦836.34 billion, representing 67 per cent, was recovered on behalf of ministries, departments and agencies, state revenue services, companies, individuals and foreign victims.
Only about ₦397.26 billion, or 33 per cent, constituted direct recoveries for the Federal Government.
According to him, the Commission subsequently released ₦661.32 billion and $492.37 million to beneficiaries.
The EFCC chairman said the releases included about ₦325.35 billion paid directly to individuals and corporate bodies, while another ₦335.97 billion went to MDAs, the Nigerian Revenue Service, state revenue authorities and other beneficiaries.
Olukoyede said the Commission’s work had also strengthened public revenue, with federal and state tax recoveries totalling approximately ₦288.1 billion during the period.
He explained that the amount comprised about ₦173.2 billion in federal tax recoveries and ₦114.9 billion attributed to state internal revenue services.
Another ₦257.2 billion was recovered for federal ministries, departments and agencies.
The EFCC boss stressed that the revenue represented funds recovered through enforcement of existing obligations rather than new taxes imposed on Nigerians.
Beyond cash recoveries, he said the Commission secured the forfeiture of 10,053 tangible assets between October 2023 and July 2026.
The assets included 8,198 electronic devices, 1,177 real estate properties, 370 automobiles and 251 plots of land, as well as schools, factories, hotels, shops, oil rigs, barges, machinery and aircraft.
The Commission also secured the forfeiture of 102 tonnes of solid minerals, while proceeds from the disposal of assets under final forfeiture orders generated approximately ₦12.07 billion for the Federal Government.
Olukoyede cited the conversion of the recovered NOK University in Kachia, Kaduna State, into the Federal University of Applied Sciences, Kachia, as an example of how proceeds of crime could be converted into public value.
He said 1,909 students matriculated into the institution in December 2025, adding that another high-value private university had also recently been finally forfeited to the Federal Government.
The EFCC chairman further disclosed that the Federal Government had directed the allocation of ₦50 billion each to NELFUND and the Nigerian Consumer Credit Corporation from EFCC recoveries in 2024, with another ₦50 billion each subsequently approved in 2026.
On enforcement, Olukoyede said the Commission received 49,673 petitions, investigated 39,615 cases, filed 14,476 cases in court and secured 10,872 convictions between October 2023 and July 2026.
This, he said, represented a 75.1 per cent conviction-to-filing ratio.
He added that 1,370 convictions were secured from 1,889 cases filed in the first half of 2026.
Olukoyede said the Commission’s specialised enforcement operations had also recorded 920 cases involving money laundering, unlicensed bureaux de change, illegal mining, virtual assets and terrorist financing, with 212 convictions secured.
He said the EFCC would increasingly focus on prevention, faster restitution, digital investigations and stronger institutional processes, stressing that the ultimate objective of the anti-graft campaign was to transform enforcement into measurable economic and social value for Nigerians.