Abuja, Nigeria – The Economic and Financial Crimes Commission (EFCC) has disclosed that it recovered assets worth N364.5 billion and $326.5 million while securing 4,111 convictions between January and September 2025.
The announcement was made by the Acting Chairman of the Commission, Mr. Mohammed Hammajoda, during a briefing on the agency’s performance within the year under review. He said the achievements reflect the EFCC’s strengthened resolve to combat corruption, economic crimes, and financial malpractice across Nigeria.
According to Hammajoda, the recovered funds and secured convictions cut across cases of money laundering, internet fraud, contract fraud, illicit oil deals, and other forms of economic sabotage. He noted that a significant portion of the recoveries came from high-profile cases involving politically exposed persons, fraudulent public procurement practices, and illicit financial flows.
“The Commission has intensified its investigative strategies and strengthened inter-agency collaboration, which has contributed to the remarkable successes recorded this year,” Hammajoda stated. “Our goal is not only to secure convictions but also to ensure the restitution of stolen funds to the government and rightful owners.”
The EFCC boss added that the 4,111 convictions recorded represent one of the highest tallies in recent years, with many of the convicts being cybercrime offenders, popularly known as “Yahoo boys.” He emphasised that the Commission is determined to sustain the momentum and expand its operations to tackle new and emerging financial crimes.
Hammajoda also revealed that the Commission has invested in capacity building and digital forensic tools to improve its efficiency in investigating complex financial crimes. He called on Nigerians to support the EFCC’s anti-corruption drive by resisting the temptation of illicit practices and reporting suspicious transactions.
The announcement has drawn wide reactions, with anti-corruption advocates describing it as a positive step toward strengthening transparency and accountability in governance. However, some civil society groups have urged the EFCC to ensure that recoveries are properly accounted for and transparently managed to avoid recycling corruption.
Analysts believe the Commission’s performance will boost Nigeria’s credibility in international financial circles, particularly in relation to foreign investment and anti-money laundering compliance.
The EFCC has vowed to maintain its fight against corruption as a central mandate, stressing that the recovered assets would be channeled towards supporting national development initiatives.
