The Economic and Financial Crimes Commission (EFCC) has reported substantial achievements in its anti-corruption drive, recording financial recoveries exceeding N364 billion and $326 million, alongside 4,171 convictions, signalling a broadening of its mandate beyond tackling internet fraud.

According to the Commission, the period between 2023 and 2024 also saw intensive monitoring of disbursements from multiple government intervention funds. These included the PL-CNG scheme, NG-CARES, the NACA Global Fund, SESET, AMCON loans, as well as various facilities from the Central Bank of Nigeria, including COVID-19 support schemes and conversion loans with 15 per cent cover.

?The figures we are reporting are not merely statistical; they represent deterrence, restitution, and a firm statement that corruption will not be tolerated. The Commission?s work goes far beyond internet fraud. We are protecting national assets and ensuring that critical intervention funds reach their intended beneficiaries,? a senior EFCC official said.

During the same period, the EFCC received 15,724 petitions, of which 12,928 were investigated, leading to the filing of 5,081 cases in court. While 4,171 convictions were secured, 2,348 cases remain under adjudication.

Officials described the achievements as ?unprecedented,? highlighting that the results reflect the Commission?s growing influence in safeguarding Nigeria?s financial system and ensuring accountability across both public and private sectors.

?The Commission remains committed to the strictest adherence to due process and judicial oversight. Our transparency in operations has strengthened public confidence in the institutions that protect national wealth,? the source added.

Observers note that the EFCC?s record performance further consolidates Nigeria?s position as a leader in anti-corruption efforts in Africa, at a time when the country continues to contend with challenges of mismanagement, economic sabotage, and the diversion of public resources.

The Commission emphasised that these milestones not only recover stolen assets but also underscore a broader mandate to monitor, investigate, and ensure that intervention funds designed to support citizens actually reach their intended targets.

?This is a reminder that the fight against corruption is ongoing. Every recovered naira and every conviction serves as a signal to those who might contemplate diverting public resources,? the EFCC official said. (The Guardian)

Update news