EFCC, Olukoyede Reveals How Over N60b, $10m Loot Was Recovered In Less Than 4 Months

Date: 26-02-2024 1:43 pm (1 month ago) | Author: onuigbo felicia
- at 26-02-2024 01:43 PM (1 month ago)
Online (f)

Ola Olukoyede, Chairman of the Economic and Financial Crimes Commission (EFCC), has said the Commission received over 5,000 fraud petitions and recovered N60 billion loot in less than 100 days after assuming office.

According to him, out of the 5,000 petitions, the EFCC had approved 3,000 for investigation.

He stated this at the weekend in Lagos as the guest lecturer at the 20th-anniversary lecture of the Human and Environmental Development Agenda Resources Centre.

The anti-graft agency boss explained that the EFCC also recovered ove $10 million, since he assumed office.

His words:
“When we set out to investigate, people see it as a fight between EFCC and the rest of us. It should not be so. How much will the EFCC do?

“How much will the ICPC do with its staff strength? I have less than 4,800 staff. I am talking of an agency that is serving people who are over 150 million.

“All we have to do is investigate and present the facts before the court. I will not be the one to give judgment. That is where we have collective responsibility. When you see something, you say something.

“The issue is we are working as if we are not working. Upon my assumption of office between then and now, I have received over 5,000 petitions. I am not talking of just the one we received, but the one that we have checked and we discovered that there was substance in it. That is just for one agency, the EFCC.

“As I am talking to you, I have approved the investigation of over 3,000 cases in less than four months, but what is our capacity? How many staff do we have? What resources do I have access to?

“In less than four months, we secured convictions of 700 and recovered over N60bn and over $10m.

“If I am able to recover over N60bn in less than 100 days, you can imagine how much has been stolen.

“I can tell you that for the billion that has been recovered, a trillion has been stolen.”

Posted: at 26-02-2024 01:43 PM (1 month ago) | Addicted Hero
- gogoman at 26-02-2024 01:50 PM (1 month ago)
of course, you guys always receive the looted money BUT what happens to it after?  Roll Eyes Roll Eyes Roll Eyes
Posted: at 26-02-2024 01:50 PM (1 month ago) | Grande Master
- kp45 at 26-02-2024 02:02 PM (1 month ago)
Where does the money go Huh?
Posted: at 26-02-2024 02:02 PM (1 month ago) | Addicted Hero
- nikiniki at 26-02-2024 02:58 PM (1 month ago)
where is the money?
Posted: at 26-02-2024 02:58 PM (1 month ago) | Gistmaniac
- fineboy77 at 26-02-2024 03:01 PM (1 month ago)
Online (m)

Posted: at 26-02-2024 03:01 PM (1 month ago) | Addicted Hero
- Holopid at 26-02-2024 03:33 PM (1 month ago)
 Roll Eyes Roll Eyes Roll Eyes
Posted: at 26-02-2024 03:33 PM (1 month ago) | Gistmaniac


  1. Celebrity Bar Man, Cubana Chief Priest in Messy Land Tussle With Imo State Government

  2. Owners of Abuja Chinese Supermarket Where Nigerians Are Barred Respond to FCCPC‘s Summons

  3. I Brought Afrobeat to America, Even Before Wizkid & Drake's Collabo - Singer, Rotimi (VID)

  4. PHOTOS: 8 Years Old Girl Severely Assaulted and Left Almost Blinded by Her Aunt in Lagos

  5. Tanzania Shuts Down 5 Hydroelectric Stations to Reduce Excess Electricity in The National Grid

  6. 'God Won't Forgive Me If I Forget Leaders Who Put Me In Office When...' - APC Gov. Aspirant,

  7. Teenager, Abiodun Adewuyi Sentence To Three Years In Jail For Stealing Water Taps In Edo

  8. "I’ll Have 11 Children Until My Late Son, Kambili Returns" – Actor, Yul Edochie Vows

  1. Davido Reveals Fate of Peruzzi And Other Signed Artistes After Dissolving DMW Record Label

  2. Abia Police Parade Suspected Criminals, Including ABSU Student Involved In Fatal Shooting

  3. Pastor, David Odeniyi Seeks Divorce After Wife Strips Him Nak3d In Front Of His Congregation

  4. 'Brand Ambassador', Phyna Calls Out Pepsi For Supplying Her Expired Drinks

  5. How Past Abia Govt Paid N107.2 Bn To Contractors For Non-existent Abia Airport & Other Projects

  6. Lady Who Was Dragged For Wearing a Racy 'Asoebi' Outfit to a Wedding Reception Breaks Silence

  7. Ex-Nigerian Customs Sole Administrator, Omlago Ango Damages Estranged Wife's Abuja Home

  8. UNIPORT Lecturer Caught on Camera Pants Down, S3xually Harassing a Female Student in His Office

  9. Abia State Police Arrest Suspects Linked To Mysterious Death of 23-Yr-Old Hope Chinedu Prosper

  10. Nollywood Actress Toyin Abraham Extends Olive Branch To Funke Akindele,Calls For Industry Unity