EFCC Records 7,000 Convictions, Recovers N500bn – Presidency

President Bola Ahmed Tinubu has revealed that the Economic and Financial Crimes Commission (EFCC) has recovered N500 billion and secured more than 7,000 convictions since the start of his administration. The disclosure was made during his keynote address at the 7th EFCC-NJI Capacity Building Workshop for Justices and Judges in Abuja.

Represented by Vice President Kashim Shettima, the President praised EFCC Chairman Ola Olukoyede for his leadership, emphasizing the administration’s commitment to public accountability and the independence of anti-corruption agencies. Tinubu underscored the judiciary’s central role in ensuring the success of anti-corruption efforts and warned that no one, including judges, is immune from the consequences of corruption.

EFCC’s recent reports indicate the agency has recovered significant assets, including billions in cash, real estate, vehicles, and other valuables linked to financial crimes. Convictions have risen steadily, with investigations and court filings showing a notable increase year-on-year. The recovered proceeds have been redirected into social investment programs such as the Students’ Loan and Consumer Credit schemes.

Chairman Olukoyede highlighted challenges in the judicial process, particularly lengthy courtroom procedures that slow high-profile cases, calling for improved efficiency to sustain anti-graft successes. The administration plans to continue strengthening EFCC operations, ensuring professionalism, integrity, and enhanced accountability in the fight against economic and financial crimes.