EFCC Recovers N152Bn, $386m In 2021
Politics

EFCC Recovers N152Bn, $386m In 2021

By Babajide Okeowo

The Economic and Financial Crimes Commission (EFCC) has revealed that the anti-graft agency recovered the sum of N152, 088,698,751.64, (One Hundred and Fifty-two Billion, Eighty-eight Million, Six Hundred and Ninety-eight Thousand, Seven Hundred and Fifty-one Naira, Sixty-four Kobo) in 2021.

The agency also disclosed that the sum of $386, 220,202.84 (Three Hundred and Eighty-six Million, Two Hundred and Twenty Thousand, Two Hundred and Two Dollars, Eighty-four Cent) were also recovered.

The brief report further stated that an aggregated sum of £1, 182,519.75 (One Million, One Hundred and Eighty-two Thousand, Five Hundred and Nineteen Pounds, €156,246.76 (One Hundred and Fifty-six Thousand, Two Hundred and Forty-six Euro), 1,723,310.00 Saudi Riyal; 1,900.00 South African Rand; and 1, 400.00 Canadian Dollars, were also recovered between January and December 2021.

According to the communique put out in continuation of the review of its operational activities for 2021, the EFCC said the recovery basket also included a digital currency component with 5, 36957319 bitcoin and 0.09012 Ethereum.

Earlier, the commission said it had recorded convictions of 2, 220 across the commands in the same year under review.

The Abdulrasheed Bawa-led management of the EFCC assured Nigerians that there is no hiding place for the looters of the nation’s treasury.

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