Crime

Economic crimes: EFCC recovers N152BN, $386M IN 2021

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The Economic and Financial Crimes Commission, EFCC, in continuation of the review of its operational activities for 2021 has disclosed that it recovered 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 Dollar between January and December 2021.

A statement by the spokesperson of the commission, Wilson Uwujaren on Monday said, the recovery also included a digital currency component with 5,36957319 Bitcoin and 0.09012 Ethereum.

According to the statement, the operations by the headquarters dominated the recoveries with N67,249,744,994.89, $375,662,223.59 and £1,151,539.75.

“It is closely followed by the Lagos Command which led the Naira recoveries with N70,315,611,260.52, $9,286,497.83 and £21,500.00.

“The Kaduna Zonal Command emerged third in terms of Naira recoveries with a total sum of N3,339,405,723.93 while the Ibadan Zonal Command took the same position in terms of Dollar recoveries to the tune of $387,385.00.”

The Executive Chairman of the Commission, Abdulrasheed Bawa explained that the monies include direct and indirect recoveries from the federal, state and local governments and corporate organizations and individuals (victims of crime) within the year under review.

He commended the personnel of the Commission for the performance while urging them to redouble their efforts to ensure that perpetrators of economic and financial crimes are denied the benefit of the proceeds of crime.


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