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Monday, May 16, 2022

EFCC recovers N152 bln, other currencies in 2021

The Economic and Financial Crimes Commission (EFCC) on Monday said it recovered a total of N152.08 billion and $386.22 million between January and December last year.

The commission said it also recovered £1.82 million, €156,246.76, 1,723,310.00 Saudi Riyal, 1,900.00 South African Rand, and 1, 400.00 Canadian Dollar during the 12 month of 2021.

“The recovery basket also included a digital currency component with 5, 36957319 Bitcoin and 0.09012 Ethereum.

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“Headquarters Operation 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 commission’s Media & Publicity united.

It said 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 was also quoted as saying that the monies included direct and indirect recoveries for the different tiers of government (Federal, State and Local Governments), 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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