Olukoyede sheds light on N360b recovered loot, 753 duplexes.
Applauds Media,CSOs’ efforts at tackling corruption
JOSEPH OKWUOFU, Ibadan
The Executive Chairman, Economic and Financial Crimes Commission ( EFCC), Mr. Ola Olukoyede, has stated that all the recoveries made so far under him by the Commission are deposited to the Federal Government in the Central Bank of Nigeria.
According to Olukoyede, since he took over the mantle of leadership two years ago, the Commission has recovered the sum of N360b, and a massive estate comprising 753 duplexes from corrupt individuals and the money was deposited in the Central Bank of Nigeria, out of this, the federal government directed that N50b was released for students loan under the Nigerian Education Loan Fund (NELFUND ).
He added that the recovered 753 duplexes were handed over to the Federal Ministry of Housing , following a directive from the federal government that the houses should be completed and allocated to Nigerians.
Olukoyede who is making two years of impactful fight against corruption with a record of 4,111 convictions, further revealed that it is only the federal government that has the power to give directives on how the recovered loot will be spent.
He made the clarifications on Friday, October 17, 2025 at a one-day workshop held in Ibadan Zonal Directorate for Journalists and Civil Society Organizations, (CSOs), organized by the Commission.
Olukoyede who spoke through the Acting Zonal Director, Ibadan Directorate of the EFCC, ACE 1 Hauwa Garba Ringim and the Spokesperson of the anti-graft body, Dele Oyewale also hinted that the EFCC under the current leadership of Ola Olukoyede, in 2024 alone arraigned five ex-governors and five ex-ministers with no let or hindrance.
This is a display of political will by the Bola Tinubu’s administration to prosecute corruption cases to curb economic sabotage and infractions”, he said.
Applauds Media,CSOs’ efforts at tackling corruption
JOSEPH OKWUOFU, Ibadan
The Executive Chairman, Economic and Financial Crimes Commission ( EFCC), Mr. Ola Olukoyede, has stated that all the recoveries made so far under him by the Commission are deposited to the Federal Government in the Central Bank of Nigeria.
According to Olukoyede, since he took over the mantle of leadership two years ago, the Commission has recovered the sum of N360b, and a massive estate comprising 753 duplexes from corrupt individuals and the money was deposited in the Central Bank of Nigeria, out of this, the federal government directed that N50b was released for students loan under the Nigerian Education Loan Fund (NELFUND ).
He added that the recovered 753 duplexes were handed over to the Federal Ministry of Housing , following a directive from the federal government that the houses should be completed and allocated to Nigerians.
Olukoyede who is making two years of impactful fight against corruption with a record of 4,111 convictions, further revealed that it is only the federal government that has the power to give directives on how the recovered loot will be spent.
He made the clarifications on Friday, October 17, 2025 at a one-day workshop held in Ibadan Zonal Directorate for Journalists and Civil Society Organizations, (CSOs), organized by the Commission.
Olukoyede who spoke through the Acting Zonal Director, Ibadan Directorate of the EFCC, ACE 1 Hauwa Garba Ringim and the Spokesperson of the anti-graft body, Dele Oyewale also hinted that the EFCC under the current leadership of Ola Olukoyede, in 2024 alone arraigned five ex-governors and five ex-ministers with no let or hindrance.
This is a display of political will by the Bola Tinubu’s administration to prosecute corruption cases to curb economic sabotage and infractions”, he said.
Olukoyede sheds light on N360b recovered loot, 753 duplexes.
Applauds Media,CSOs’ efforts at tackling corruption
JOSEPH OKWUOFU, Ibadan
The Executive Chairman, Economic and Financial Crimes Commission ( EFCC), Mr. Ola Olukoyede, has stated that all the recoveries made so far under him by the Commission are deposited to the Federal Government in the Central Bank of Nigeria.
According to Olukoyede, since he took over the mantle of leadership two years ago, the Commission has recovered the sum of N360b, and a massive estate comprising 753 duplexes from corrupt individuals and the money was deposited in the Central Bank of Nigeria, out of this, the federal government directed that N50b was released for students loan under the Nigerian Education Loan Fund (NELFUND ).
He added that the recovered 753 duplexes were handed over to the Federal Ministry of Housing , following a directive from the federal government that the houses should be completed and allocated to Nigerians.
Olukoyede who is making two years of impactful fight against corruption with a record of 4,111 convictions, further revealed that it is only the federal government that has the power to give directives on how the recovered loot will be spent.
He made the clarifications on Friday, October 17, 2025 at a one-day workshop held in Ibadan Zonal Directorate for Journalists and Civil Society Organizations, (CSOs), organized by the Commission.
Olukoyede who spoke through the Acting Zonal Director, Ibadan Directorate of the EFCC, ACE 1 Hauwa Garba Ringim and the Spokesperson of the anti-graft body, Dele Oyewale also hinted that the EFCC under the current leadership of Ola Olukoyede, in 2024 alone arraigned five ex-governors and five ex-ministers with no let or hindrance.
This is a display of political will by the Bola Tinubu’s administration to prosecute corruption cases to curb economic sabotage and infractions”, he said.
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