The EFCC Director of Media and Publicity, Mr. Wilson Uwujaren, disclosed this in Abuja while presenting the two-year performance report of the agency’s Chairman, Mr. Ola Olukoyede.
Uwujaren said the initiative aligns with President Bola Tinubu’s administration’s efforts to fulfill key electoral promises aimed at expanding access to credit and improving youth development.
He added that several recovered properties have also been allocated to government agencies, including the Niger Delta Development Commission (NDDC), the Federal Inland Revenue Service (FIRS), and the National Health Insurance Authority (NHIA), for official use.
“Part of the funds recovered by the commission in the last two years was invested in critical social investment programmes: the Student Loan Scheme and the Consumer Credit Scheme,” Uwujaren said. “A total of ₦100 billion of recovered funds was invested in these two schemes.”
Beyond financial recoveries, Uwujaren highlighted the EFCC’s broader efforts to strengthen the economy, including its clampdown on naira abuse, dollarisation, and illegal cryptocurrency operations—measures that helped stabilise the naira and improve public financial discipline.
He also noted that the commission recorded 7,503 convictions out of 10,525 cases filed and recovered ₦566.9 billion and $411 million in assets between October 2023 and September 2025.
Uwujaren disclosed that 55 EFCC officers were dismissed within the same period for acts of misconduct as part of Chairman Olukoyede’s zero-tolerance stance on corruption within the agency.
The spokesman also listed several high-profile prosecutions, including former governors and ministers, as well as the arrest of over 700 suspects involved in large-scale cryptocurrency fraud in Lagos in 2024.
He added that more than 1,500 real estate properties have been forfeited to the Federal Government within two years, including 753 duplexes in Abuja’s Lokogoma area and the former Nok University, now converted to the Federal University of Applied Sciences, Kachia, Kaduna State.
Uwujaren assured that the EFCC would continue to uphold accountability, transparency, and justice in its anti-corruption drive.
