In its first year under President Bola Ahmed Tinubu, the Economic and Financial Crimes Commission (EFCC) claimed that it recovered more than N231.623 billion. The commission’s recoveries also included substantial foreign assets: US$70,260,544.18; £29,264.50 (GBP); €208,297.10; CAD$3,950.00; AUD$740.00; ZAR35,000.00; AED42,390.00; SAR247.00; and ¥74,754.00 (Yuan)......Read The Full Article>>.....Read The Full Article>>
Between May 2023 and May 2024, the EFCC said it processed 15,753 petitions and investigated 12,287 cases. Additionally, the commission said it has introduced an Immigration Fraud Section in several commands nationwide.
The EFCC report states: “The anti-graft war under the Tinubu administration between May 2023 and 2024 has assumed a record-breaking dimension with unprecedented petitions of about 15,753.”
The breakdown of the EFCC’s activities includes: Petitions (15,753); Cases Investigated (12,287); Cases Filed in Court (5,376); and Convictions Secured (3,451).
The report further details: “The recoveries within the same period were N231,623,186,004.74; US$70,260,544.18; £29,264.50 (GBP); €208,297.10; CAD$3,950.00; AUD$740.00; ZAR35,000.00; AED42,390.00; SAR247.00; and ¥74,754.00 (Yuan).
EFCC Chairman Mr. Ola Olukoyede noted that the recent reforms under President Tinubu have improved the agency’s effectiveness.
In a related development, the EFCC said it has established an Immigration Fraud Section in key cities including Lagos, Abuja, Port Harcourt, and Kano, in response to growing immigration fraud. This initiative aims to combat visa and immigration scams.
During a visit by a delegation from the Royal Canadian Mounted Police (RCMP), led by Superintendent Rabhi Abdallah, Olukoyede highlighted the new section’s role. He explained, “Apart from what we have done in the foreign exchange market, two weeks ago we set up an Immigration Fraud Section… We have seen quite a lot of fraud in that area.”
Abdallah, who was in Nigeria to discuss potential collaboration with the EFCC, indicated that the RCMP may join forces with the commission for joint operations and investigations. He noted, “The department that I am in charge of in the RCMP is in partnership with government agencies, which includes funding utilized for various peace operations and specialized investigations worldwide.”