9th March, 2025
By Adenike Ayodele
The Economic and Financial Crimes Commission (EFCC) has secured an unprecedented 4,111 convictions in 2024, marking the highest in its history.
This also include the largest single-year asset recovery since its inception in 2003.
According to the EFCC’s 2024 statistical report, released on Sunday, the anti-graft agency received 15,724 petitions and investigated 12,928 cases, filing 5,083 in court.
The convictions, recorded across 15 states and the EFCC headquarters in Abuja, reflect an intensified crackdown on financial crimes, including advance fee fraud, money laundering, and cybercrime.
Lagos led the conviction chart with 685 cases, followed by Enugu with 516, while Maiduguri recorded the lowest at 95. The EFCC also recovered massive sums, including ₦364.6 billion, $214.51 million, £54,319, €31,265, and significant amounts in other foreign currencies.
Additionally, over 750 duplexes and apartments were forfeited to the Federal Government, alongside 173 vehicles, 14 parcels of land, a hotel, a factory, and cryptocurrency assets valued at millions of dollars.
The report further revealed that part of the recovered funds was channeled into national development, including the ₦50 billion allocated to the Nigerian Education Loan Fund (NELFUND), providing financial support to students.
Reaffirming its commitment to tackling corruption, the EFCC pledged continued collaboration with local and international partners to enhance its asset recovery framework and strengthen Nigeria’s financial crime enforcement landscape.
