EFCC Returns Over ₦3bn in Recovered Funds to NNPC

The Economic and Financial Crimes Commission has handed over a total of ₦3,936,145,822 in recovered funds to the Nigerian National Petroleum Company Limited, reinforcing efforts to tackle financial crimes in the country’s oil sector.

The presentation took place at the Commission’s headquarters in Abuja, where the Secretary to the Commission, Mohammed Hammajoda, represented the Executive Chairman, Ola Olukoyede.

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Speaking during the handover, Hammajoda reaffirmed the agency’s commitment to combating economic and financial crimes, noting that the recovered funds were the result of detailed investigations and the exposure of fraudulent activities involving certain actors within the national oil company.

“On behalf of the Executive Chairman, we will continue to put ourselves on the line to serve over 220 million Nigerians,” he said.

He also acknowledged the risks associated with anti-corruption efforts, adding, “Along the line, many of our colleagues have paid the price, and others will still pay the price as we continue to do our work with courage and integrity.”

Reiterating the Commission’s resolve, he stated, “We will serve and continue to serve this country. So, on behalf of the EFCC, I present the sum of Three Billion, Nine Hundred and Thirty Six million, One Hundred and Forty Five Thousand, Eight Hundred and Twenty Two Naira to you.”

Receiving the funds on behalf of the NNPC, Executive Vice President, Downstream, Mumuni Dagazau, expressed appreciation for the Commission’s role in facilitating the recovery.

“NNPC, over the years, has had its struggles and challenges, and one thing we have always tried to do is correct the system,” he said.

Highlighting the significance of collaboration, Dagazau added, “When the opportunity came for this recovery from your people who handled this, it was something I was really proud of.”

He further emphasised the importance of institutional cooperation, noting, “I was also happy that we brought it to EFCC to help and support us. We are very excited. For me, this is a great day for us. We will continue to rely on you for assistance, and this is a real commitment for us moving forward.”

The development underscores ongoing efforts by anti-graft authorities to recover misappropriated public funds and strengthen accountability within critical sectors of the Nigerian economy.