EFCC makes highest funds recovery in Lagos, Abuja

EFCC makes highest funds recovery from intensified anti-graft battle

By Jeph Ajobaju, Chief Copy Editor

Lagos and Abuja zones produced the highest funds recovery for the Economic and Financial Crimes Commission (EFCC) in 2021, with Lagos yielding N70.31 billion, $9.28 million, £21,500,4.06 Bitcoin, and 0.09 Ethereum, a digital token.

Abuja produced N67.24 billion, $375.66 million, £1.15 million, and €155,251.76 as reported in the April edition of EFCC Alert, the monthly e-magazine published by its media unit.

Other zonal commands where recoveries were also made include

• Kaduna – N3.33 billion and $13,685
• Port Harcourt – N2.14 billion and $125,077

• Sokoto – N1.92 billion, $56,950 and £4,075
• Kano – N1.78 billion, $194,098 and SAR1.72 million

• Benin – N972.05 million, $49,240 and £735
• Enugu – N768.2 million, $22,735 and AED50

• Ibadan – N325.52 million, $383,385, £2,670, €995, 1,400 Canadian dollars, 1.3BTC, and ZAR1, 900

• Gombe – N388.59 million and $1,500

• Uyo – N234 million and $357,000
• Maiduguri – N970.42 million

• Makurdi – N121.35 million
• Ilorin – N240.96 million and $7,161

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Enforcing the law

“No agency of government has contributed to the development of law in Nigeria in the last 10 years than the Commission,” EFCC Chairman AbdulRasheed Bawa said in the magazine, according to The PUNCH.

“The EFCC secured 976 convictions in 2020; 1,280 in 2019, and 314 in 2018. Going memory lane, it was a humble beginning with 68 convictions in 2010 and 67 recorded in 2011.

“The Commission then revved it up to 87,117 and 126, in 2012, 2013 and 2014 respectively. There was a drop in 2015, with 103 convictions secured.

“However, 2016 witnessed an improvement, with 194 convictions. Yet another drop was witnessed in 2017 as it fell short by five, to stay at 189 convictions.

“But, in all ramifications, the 2021 record of 2,220 (convictions) can well be described as ‘a significant upsurge,’ which has no doubt placed the EFCC on a pedestal of a pacesetter.

“This also reflects in the mind-boggling sums of N152,088,698,751.64; $386,220,202.84; £1,182,519.75; €156,246.76; 1,723,310.00 Saudi Riyal; 1,900.00 South African Rand, and 1,400.00 Canadian Dollars recovered from the corrupt in the society.”