The Executive Chairman of the Economic and Financial Crimes Commission EFCC, Mr. Ola Olukoyede, has disclosed that the Commission secured 3175 convictions and recovered N156,276,691,242.30 (One Hundred and Fifty-six Billion, Two Hundred and Seventy-Six Million, Six Hundred and Ninety-One Thousand, Two Hundred and Forty-Two Naira, Thirty Kobo) between May 29, 2023 and May 29, 2024 when President Bola Ahmed Tinubu assumed office.
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| Economic and Financial Crimes Commission (EFCC) |
He stated this in Abuja on Wednesday, May 29, 2024 at the launch of the Zero Tolerance Club in University of Abuja, Gwagwalada, Abuja.
Olukoyede, who spoke through the Secretary to the Commission, Mohammed Hammajoda said the EFCC also recovered $43,835,214.24, £25,365.00, €186,947.10, ₹51,360.00, C$3,750.00 , A$740.00, ¥74,754.00, R35,000.00, 42,390.00 UAE Dirhams, 247.00 Riyals and 21,580,867631 Crypto Currency.
Speaking further, the Chairman stated that, though the EFCC put up impressive performance within the year, involvement of youths in internet fraud continued to pose serious concerns to every stakeholder in the anti-graft war.
“In spite of this commendable performance, the Commission is deeply worried about the increasing involvement of young people, including students, in cybercrime, popularly called yahoo-yahoo. Hundreds of suspects are arrested monthly, with many of them ending up in jail”, he said.
