The Economic and Financial Crimes Commission (EFCC) says it has recovered more than ₦566 billion through a combination of investigations, enforcement actions, asset recovery, and institutional renewal.

Chairman Ola Olukoyede said the Commission’s work has contributed to President Bola Tinubu’s economic reform drive by restoring misappropriated funds to public use and deterring graft.

According to EFCC officials, recoveries have come from high-profile prosecutions, plea bargains, voluntary returns, and the disposal of seized assets, including funds stashed across multiple accounts.

The Commission notes that reforms inside EFCC,data-driven case selection, tighter chain-of-custody protocols, and improved case management have lifted success rates and shortened prosecution timelines.

Fiscal analysts say recoveries can complement macroeconomic measures if transparently tracked into priority spending on health, education, power, and MSME support,rather than disappearing into opaque pools.

They advocate regular public dashboards listing amounts recovered, case status, and beneficiary ministries or programmes, in line with freedom-of-information principles.

Critics argue that genuine deterrence requires not just recovery but speedy convictions that target networks behind corruption.

EFCC counters that inter-agency collaboration with the Ministry of Justice and the courts has improved, with more non-trial asset-return mechanisms being utilised where appropriate.

Sustaining momentum will hinge on prosecutorial independence, whistleblower protection, and cross-border cooperation.