The Federal Authorities on Monday, October 3, mentioned it has made large recoveries – in money and in any other case – for the reason that assumption of workplace by President Bola Tinubu in Could 2023.
This was disclosed on the Joint Safety Press Briefing on the Latest Safety, Anti-Corruption and Regulatory Operations in Nigeria hosted by the Director Normal of the Nationwide Orientation Company (NOA), Lanre Issa-Onilu, in Abuja on Monday.
Talking on the occasion, Issa-Onilu mentioned that the briefing was hosted in collaboration with the Workplace of the Nationwide Safety Adviser and the nation’s Safety, Defence, and Intelligence Companies.
He additionally said that the NOA, by means of the briefing, additionally goals to offer an perception into the operational achievements recorded by the Tinubu administration between September and October 2025.
In response to the NOA DG, the achievements by the Tinubu administration reaffirm the Federal Authorities’s unwavering dedication to residents’ security, the battle towards corruption, and the safety of Nigeria’s meals and drug provide chain.
Itemizing a number of the recoveries made, Issa-Onilu mentioned a complete of ₦566,319,820,343.40, $411,566,192.32, £71,306.25, €182,877.10, CAD $5,510.00 and AUD $740.00 have been recovered by the {Economic} and {Financial} Crimes Fee (EFCC).
Others embody, ¥89,859.00, ₹1,300.00, CFA 8,381,375.00, AED 70.00, SAR 310,265.00, GH₵ 225.00, R 50.00 and ₩73,000.00.
Non-monetary belongings recovered from numerous people throughout the interval below assessment are 1,502 properties, comprising 402 in 2023, 975 in 2024 and 125 to date this 12 months.
In response to him, some recovered properties embody two notable landmarks – the ultimate forfeiture of 753 items of duplexes in Lokogoma, Abuja and the forfeiture of Nok College, now Federal College of Utilized Sciences, Kachia, Kaduna State.
On deployment of the recoveries made, he added that a part of the funds which have been recovered by the EFCC within the final two years have been invested in essential social funding programmes, the College students Mortgage Scheme and the Shopper Credit score Scheme.
As well as, a complete of N100 billion of funds recovered by the Fee was invested in these two schemes.
Additionally companies of presidency, together with the Niger Delta Growth Fee, NDDC, the Asset Administration Company of Nigeria, AMCON, the Federal Inland Income Service, FIRS, and the Nationwide Well being Insurance coverage Authority, are beneficiary of funds recovered by the Fee.
He added that a number of different properties recovered by the Fee have been allotted to some companies of presidency to be used as workplaces.