10th January, 2022
The Economic and Financial Crimes Commission, EFCC, has disclosed that it recovered at least N311 billion from looters and economic criminals in 2021.
The commission in its breakdown said it recovered N152 billion and $386.2million, which when converted at official rate equalled N159billion.
In addition, the anti-graft agency also recovered £1, 182,519.75, €156,246.76, 1,723,310.00 Saudi Riyal, 1,900.00 South African Rand, and 1, 400.00 Canadian Dollars.
The recovery basket also included a digital currency component with 536,957,319 Bitcoin and 0.09012 Ethereum.
Headquarters Operation dominated the recoveries with N67, 249, 744, 994.89, $375,662,223.59 and £1,151,539.75.
It was closely followed by the Lagos Command which led the Naira recoveries with N70, 315,611,260.52, $9,286,497.83 and £21,500.00.
The Kaduna Zonal Command emerged third in terms of Naira recoveries with a total sum of N3, 339,405,723.93 while the Ibadan Zonal Command took the same position in terms of Dollar recoveries to the tune of $387,385.00.
Executive Chairman of the Commission, Abdulrasheed Bawa, explained that the monies included direct and indirect recoveries for the different tiers of government (Federal, State and Local Governments), corporate organizations and individuals (victims of crime) within the year under review.
He commended the personnel of the Commission for the performance.
He urged them to redouble their efforts to ensure that perpetrators of economic and financial crimes are denied the benefit of the proceeds of crime.
The breakdown of EFCC recoveries:
