The Economic and Financial Crimes Commission (EFCC) has shattered its own records, achieving its most successful year yet in 2024. The anti-graft agency announced staggering financial recoveries and an unprecedented number of convictions, reinforcing its role as Nigeria’s leading force against corruption.
Unprecedented Recoveries: Billions in Cash and Assets Secured
In a historic feat, the EFCC recovered massive sums across multiple currencies, including:
N364.6 billion
$214.5 million
£54,318.64
€31,265
CAD$2,990
AUD$740
The list extends to CFA7.8 million, 170 UAE Dirhams, 5,115 Riyals, 73,000 Korean Won, 105 Yen, 225 Ghanaian Cedis, and 50 South African Rand.
But cash wasn’t the only target—the EFCC also secured its largest asset forfeiture in history, confiscating:
Over 750 duplexes and apartments
173 vehicles
N9.47 billion in additional funds
$2.6 million
£1,600
Cryptocurrencies worth thousands of dollars
378 electronic devices
A factory, a hotel, and 14 parcels of land
70 tons of unidentified solid minerals
Justice Served: Over 4,000 Convictions Secured
The EFCC didn’t just seize assets—it ensured that criminals faced justice. The commission secured 4,011 convictions, with Lagos leading the charge:
Lagos: 685 convictions
Enugu: 516
Ibadan: 501
Benin: 412
Kaduna: 273
Port Harcourt: 185
The agency also received 15,724 petitions, investigating 12,928 cases and filing 5,083 cases in court, solidifying its relentless pursuit of financial crime.
Where the Money Went: Billions Reinvested in Nigeria
Some of the recovered funds have already been redirected into national initiatives. A notable N50 billion was allocated to the Nigerian Education Loan Fund (NELFUND) to support students in completing their education and entering the workforce.
What’s Next? EFCC Eyes an Even Bigger 2025
The EFCC attributed its success to dedicated officers, management support, and enhanced legal training. As Nigeria continues its battle against financial crime, the agency’s 2024 performance sets a new standard—one that criminals should fear and Nigerians should celebrate.
With billions recovered, thousands convicted, and corruption under siege, the message is clear: The EFCC is not slowing down.
