President Bola Tinubu revealed that the Economic and Financial Crimes Commission (EFCC) has recovered over ₦500 billion and secured more than 7,000 convictions under his administration. The recovered funds are being channeled into social investment programs, including the Students’ Loan and Consumer Credit schemes.
“The EFCC, for example, has recorded over 7,000 convictions in the first two years of the present administration and recovered assets in excess of ₦500bn. Recovered proceeds of crime by the agency have been ploughed back into the economy to fund critical social investment programmes, including the Students Loan and Consumer Credit schemes, A Nigeria free of corruption is possible if we all commit to doing what is right in our respective spheres of influence” Tinubu said in a statement presented by Dele Oyewale, EFCC spokesman on Monday October 20 at the opening of the 7th EFCC-NJI Capacity Building Workshop for Justice and Judges in Abuja, the Federal Capital.
753 housing units in Abuja, high-value vehicles, cryptocurrency wallets, and other movable assets linked to corruption and financial crimes have been forfeited, 15,724 petitions submitted to the EFCC, with 12,928 investigated and 5,081 cases filed in court
Recovered proceeds of crime ploughed back into the economy to fund critical social investment programs.
