The EFCC’s annual efficiency report exhibits that in a single yr alone, the company recovered N364.5 billion, $326.5 million, alongside different foreign currency echange and belongings, whereas additionally securing 4,111 convictions throughout numerous courts.
These figures have been launched within the EFCC’s official efficiency report and thru its public statements for the yr.
In line with the EFCC, the yr noticed a major enhance in public engagement, with 15,724 petitions submitted to the Fee in the identical yr.
These numbers mirror each the amount of complaints the EFCC dealt with and its success price in bringing circumstances to decision.
The EFCC additionally recorded main asset seizures in 2024. In line with its report, the Fee secured forfeitures of properties, together with over 750 duplexes and residences, a number of parcels of land, high-value automobiles, cryptocurrency wallets, and different movable belongings linked to corruption and {financial} crimes.
In a single official launch, the EFCC said that it had made the only largest asset restoration thus far.
The EFCC additionally highlighted the work of its oversight items, which it mentioned are important to stopping {financial} crimes earlier than they happen.
The Particular Management Unit In opposition to Cash Laundering (SCUML) is chargeable for monitoring and supervising companies that aren’t coated by conventional {financial} regulators. That’s, companies also referred to as Designated Non-{Financial} Companies and Professions (DNFBPs), which may nonetheless be used to cover or transfer stolen cash, like actual property corporations, attorneys, luxurious items sellers, and casinos.
In 2024, SCUML carried out 2,348 onsite evaluations of those companies, representing an 85% enhance in comparison with the 1,271 carried out in 2023.
The Division of Fraud Danger Evaluation and Management (DFRAC), one other unit inside the EFCC, tasked with monitoring the disbursement of presidency funds to cut back leakages and guarantee accountability in public spending in 2024, tracked a number of flagship federal initiatives, together with the Presidential Compressed Pure Gasoline Initiative (PI-CNG), NG-CARES, RESET and ARMOR loans, NACA International Fund grants, and the CBN COVID-19 assist schemes.
Its evaluation of the PI-CNG programme, valued at N88.5 billion, confirmed that 95% of buses and conversion kits had been delivered.
Nairametrics reported that EFCC Chairman, Ola Olukoyede, has tasked the company with surpassing the N365.4 billion recovered in 2024 by strengthening professionalism and integrity in its operations.
