The Economic and Financial Crime Commission, EFCC has recovered about N232 billion and Hundreds of millions of Naira more in other currencies between May 2023 and May 2024. This revelation was contained in an internal document of the agency seen by PREMIUM TIMES.
According to PREMIUM TIMES, the document summarizes cases investigated and the recoveries made by the agency within the one year. But it, however, does not provide the details.
PREMIUM TIMES maintained that a senior agency official confirmed the document’s authenticity in a Wednesday off-the-record interview.
According to the document, the EFCC received 15,753 petitions within the period, the Newspaper stated.
“However, after investigating 23,287 cases, the agency filed 5,376 cases in court involving indicted individuals and corporate entities.
“Within the period, lawyers representing the agencies also secured 3,376 convictions. But it was not immediately clear whether they all had to do with cases filed within the period or before.
“Monetary recoveries made by the agency in that period include N232,623,186,004.74, $70,260,544.18, and £ 29,264.50.
“Others are €208,297.10; ₹ 51,360 (Indian rupees); $3,950 (Canadian dollars) $740 (Australian dollars); 35,000 South African Rands; 42,390 UAE Dirhams; 247 Riyals (Saudi) and ¥74,754 (Chinese Yuan).
“Since Olanipekun Olukoyede was appointed its fifth chairman on 18 October, the 21-year-old agency has ramped up investigations of alleged graft by public officials and financial crimes in the private sector.
source: Premium Times
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