Nigeria’s Economic and Financial Crimes Commission (EFCC) recovered almost $500 million in illicit funds last year, marking one of its most significant crackdowns on corruption. The agency also secured over 4,000 convictions—its highest tally since its establishment more than two decades ago.
Corruption has long plagued Africa’s largest oil producer, contributing to widespread poverty and economic instability. The EFCC said some of the recovered funds were channeled into government projects.
Nigeria ranks 140th out of 180 countries on Transparency International’s latest Corruption Perception Index.
Beyond cash recoveries, the agency also confiscated 931,052 metric tons of petroleum products, 975 properties, and company shares linked to criminal activities.
