100 DAYS IN OFFICE: EFCC Receives over 5,000 Reports , Recovers N60bn – Olukoyede


By Innocent Orok

The Chairman of the Economic and Financial Crimes Commission (EFCC) Mr Ola Olukoyede has disclosed that within the first 100 days since his assumption office, the agency has received more than 5,000 reports of fraudulent activities and successfully recovered N60bn in illicit funds.

He mentioned that out of the 5,000 appeals, the EFCC has given the green light for investigation of 3,000 of them.

Olukoyede said, “When we set out to investigate, people see it as a fight between EFCC and the rest of us. It should not be so. How much will the EFCC do?

He said this during a lecture marking the 20th anniversary of the Human and Environmental Development Agenda Resources Centre in Lagos on Saturday. Olukoyede highlighted that the EFCC, under his leadership, successfully retrieved more than N60 billion and $10 million within just four months of his tenure.

“How much will the ICPC do with its staff strength? I have less than 4,800 staff. I am talking of an agency that is serving people who are over 150 millions

“All we have to do is investigate and present the facts before the court. I will not be the one to give judgment. That is where we have collective responsibility. When you see something, you say something.

“The issue is we are working as if we are not working. Upon my assumption of office between then and now, I have received over 5,000 petitions. I am not talking of just the one we received, but the one that we have checked and we discovered that there was substance in it. That is just for one agency, the EFCC.

“As I am talking to you I have approved the investigation of over 3,000 cases in less than four months, but what is our capacity? How many staff do we have? What resources do I have access to?

“In less than four months, we secured convictions of 700 and recovered over N60bn and over $10m.

“If I am able to recover over N60bn in less than 100 days, you can imagine how much has been stolen. I can tell you that for the billion that has been recovered, a trillion has been stolen,” the EFCC Chairman said.


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