EFCC Recovers ₦365.4 Billion, Secures 4,111 Convictions in 2024 – Chairman Olukoyede
The Economic and Financial Crimes Commission (EFCC) has announced a significant achievement in its anti-corruption drive for 2024, revealing that it successfully recovered ₦365.4 billion and secured 4,111 convictions. The announcement was made by the EFCC Chairman, Ola Olukoyede, underscoring the agency’s commitment to tackling financial crimes across Nigeria.
EFCC’s Anti-Corruption Success in 2024
According to Olukoyede, the commission’s efforts in investigating and prosecuting financial crimes have yielded remarkable results, reflecting the agency’s relentless pursuit of economic justice. The chairman emphasized that the ₦365.4 billion recovered represents a combination of assets, cash, and properties confiscated from individuals and organizations found guilty of corruption-related offenses.
In addition to the financial recoveries, the EFCC secured 4,111 convictions within the year, marking one of the highest conviction rates in the agency’s history. These convictions spanned cases of fraud, money laundering, cybercrime, and other financial offenses.
Breakdown of Recoveries and Convictions
The EFCC’s achievements in 2024 align with its strategic objectives of fighting corruption, economic sabotage, and illicit financial flows. While presenting the report, Olukoyede noted that the convictions were secured across various courts in the country, demonstrating the judiciary’s role in supporting the anti-corruption fight.
Furthermore, the ₦365.4 billion recovered includes:
Funds retrieved from high-profile corruption cases
Monies traced to fraudulent online transactions
Proceeds of illicit financial activities and public sector corruption
EFCC’s Commitment to Fighting Corruption
Olukoyede reiterated the EFCC’s commitment to strengthening its operations, enhancing transparency, and ensuring that economic and financial crimes are curtailed. He stated that the agency will continue leveraging technology, intelligence gathering, and inter-agency collaborations to improve its efficiency.
He further urged the public to support the agency by reporting suspicious activities and financial crimes to help combat corruption at all levels.
Impact on Nigeria’s Economy and Governance
The substantial recoveries and convictions recorded by the EFCC in 2024 reinforce Nigeria’s efforts to curb corruption, improve governance, and promote investor confidence. The recovered funds will reportedly be channeled into national development projects, ensuring that stolen public resources are redirected for the benefit of citizens.
As Nigeria continues its anti-corruption battle, the EFCC’s achievements in 2024 serve as a testament to the country’s resolve to eliminate financial crimes and restore integrity in public and private sectors.
Source : Swifteradio.com
