The Economic and Financial Crimes Commission (EFCC) has announced sweeping gains in its fight against corruption, recording unprecedented financial recoveries and convictions that highlight its role far beyond curbing internet fraud.
Between 2023 and 2024, the Commission recovered ₦364.5 billion and $326.5 million, while also monitoring the disbursement of several government intervention funds. These included the PL-CNG scheme, NG-CARES, NACA Global Fund, SESET, AMCON loans, and multiple Central Bank of Nigeria (CBN) facilities, such as COVID-19 support packages and conversion loans with a 15 percent cover.
During the same period, the EFCC received 15,724 petitions, investigated 12,928, and filed 5,081 cases in court. This led to 4,171 convictions, with 2,348 cases still pending.
Officials hailed the achievements as “unprecedented,” stressing that the numbers reflect not only deterrence but also restitution and accountability across both public and private sectors.
“These figures are not just numbers; they represent deterrence, restitution, and a firm statement that corruption will not be tolerated. Our work goes far beyond internet fraud—we are protecting national assets and ensuring that critical intervention funds reach their intended beneficiaries,” a senior EFCC source said.
The Commission noted that all recoveries and convictions were achieved under due process and judicial oversight, which it said has bolstered transparency and strengthened public confidence.
Observers argue that the EFCC’s performance underscores its leadership role in Africa’s anti-graft campaign, even as Nigeria continues to wrestle with systemic corruption, mismanagement, and economic sabotage.
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