The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has reaffirmed the agency’s commitment to recovering and returning stolen assets to the Nigerian public.
Speaking at a recent briefing, Olukoyede emphasised that the EFCC is intensifying efforts to trace, seize, and restore illicitly acquired properties and funds to their rightful owners, particularly victims of fraud and corruption.
Olukoyede disclosed that the commission has made significant progress in asset recovery, with billions of naira and high-value properties already retrieved from individuals and organisations involved in financial crimes.
He explained that the process involves thorough investigations, legal forfeiture proceedings, and eventual restitution to affected parties or the Nigerian government for public benefit.
The EFCC chairman highlighted several high-profile cases where recovered funds have been redirected to critical sectors such as healthcare, education, and infrastructure development.
He assured citizens that the agency operates with transparency and accountability, ensuring that recovered assets are not re-looted but instead utilised for national development.
Olukoyede also called for greater public cooperation in the fight against corruption, urging Nigerians to report suspicious financial activities through the EFCC’s whistleblower channels. He warned that perpetrators of economic crimes, including money laundering and embezzlement, will face the full weight of the law.
The EFCC’s renewed focus on asset recovery aligns with the federal government’s broader anti-corruption agenda.
Olukoyede pledged that the commission will sustain its efforts to curb illicit enrichment and restore public trust in governance by ensuring that stolen resources are returned for the collective good of the nation.
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cc: Daily Post Ng
