The Economic and Financial Crimes Commission (EFCC) has achieved a milestone in its fight against corruption, securing a total of 4,111 convictions in 2024, marking the highest number of convictions in its history.
This achievement highlights the commission’s commitment to combating financial crimes and advancing its operations.
According to a statement released by the EFCC, the commission also made significant financial recoveries in various currencies, totaling over $214 million, N364.6 billion, and substantial amounts in euros, pounds, and other currencies. Additionally, the EFCC seized 70 tons of unidentified solid minerals, along with cryptocurrencies including Ethereum and Bitcoin.
Chairman of the EFCC, Ola Olukoyede, expressed his satisfaction with the outcomes, stating, “This laudable achievement is attributable to the dedication of our officers and the enabling environment provided by the management and stakeholders of the commission.”
The commission’s efforts have extended beyond monetary recoveries, also targeting advance fee fraud, money laundering, and cybercrime, which were identified as the most prevalent cases in 2024.
With increasing challenges like rising unemployment and the pursuit of quick wealth, the EFCC has intensified its investigations into these areas.
The EFCC also raised concerns over the evolution of cybercrime tactics, warning that criminals are utilizing AI-driven fraud, deepfakes, and advanced phishing schemes.
The anti-graft body remains steadfast in its commitment to further enhance the knowledge and capacity of its investigators and prosecutors.
“The commission is actively advancing its investigative efforts across all zonal directorates,” the EFCC concluded, reaffirming its ongoing dedication to fighting corruption in all its forms.