Nigeria’s EFCC Reports N1.233 Trillion Recovered, 10,872 Convictions Over 34 Months

Nigeria’s Economic and Financial Crimes Commission (EFCC) said on 24 September 2026 that it had recovered N1.233 trillion and $684.48 million, and secured 10,872 convictions, over the 34 months since Ola Olukoyede became chairman on 1 October 2023. The figures, covering the period to 31 July 2026, were released as a stewardship report, according to Nairametrics.

The scale of the caseload

The commission said it had received 49,673 petitions, investigated 39,615 cases and filed 14,476 cases in court over the period, spanning offences including advance fee fraud, cybercrime, money laundering and bank fraud. “N1.23 trillion in recoveries in just 34 months. This is the legacy of EFCC Chairman Olukoyede,” the commission said in a video posted to its social media account, as reported by Nairametrics.

High-profile cases in the mix

The report period included the conviction in May 2026 of a former Minister of Power, Saleh Mamman, sentenced to around 70 years in prison on a 12-count money laundering case involving roughly N33 billion, and a July 2026 Supreme Court ruling restoring the final forfeiture of seven properties linked to a former Central Bank of Nigeria governor to the federal government. The commission also reported securing forfeiture of more than 10,000 tangible assets since October 2023, including real estate, vehicles, factories and an oil rig. The EFCC was established in 2003 to combat financial crime, and its leadership has changed several times since, with each new chairman typically using an anniversary report of this kind to summarise the agency’s record against the numbers left by predecessors.

Why It Matters

Large recovery and conviction figures are one way agencies like the EFCC demonstrate accountability to the public, though independent verification of self-reported statistics is limited. Even so, the scale of the reported recoveries, and the involvement of former senior officials among those convicted, signals continued pressure on high-level corruption in Africa’s most populous country.