PRESIDENT Bola Tinubu has commended the Economic and Financial Crimes Commission (EFCC) for its efforts in tackling economic and financial crimes and corruption, saying the agency has justified the confidence reposed in it.
News Point Nigeria reports that the President gave the commendation on Friday, October 2, 2026, in Awka, Anambra State, during the commissioning of a new Zonal Directorate of the EFCC, according to a statement issued by the anti-graft agency.
Represented by the Speaker of the House of Representatives, Tajudeen Abbas, Tinubu said the commission’s achievements in convictions, recoveries and other areas provided evidence of its performance.
“Supporting the EFCC is not particularly difficult. The agency has consistently demonstrated that the confidence reposed on it is well founded. Without mincing words, the evidential proof of the EFCC’s success speaks loudly in convictions secured, assets and properties recovered,” he said.
Tinubu said the commission’s activities aligned with the Renewed Hope Agenda of his administration, particularly its focus on economic reform and good governance.
“When we came in three years ago, I highlighted nine major focal areas of my administration. Two of which are reforming the economy for sustained and inclusive growth and promotion of good governance. The anti-graft agency compliments this agenda as they are focused on accountability and transparency and appropriate deployment of resources,” he said.
Speaking at the commissioning, the Executive Chairman of the EFCC, Ola Olukoyede, reaffirmed the commission’s commitment to preventing economic and financial crimes by blocking avenues through which corrupt practices could occur.
He said the newly commissioned directorate would combine enforcement with prevention and engage different sectors and institutions in the fight against corruption.
“This new Directorate will not only enforce the law professionally and courageously, it will be high on corruption prevention. It will engage government institutions, businesses, financial institutions, professional bodies, schools, markets, civil society organisations, traditional institutions, religious bodies and communities.
“It will educate stakeholders, build relationships and mobilise the people to own the fight against all forms of corrupt practices in the zone,” Olukoyede said.
The EFCC chairman said the commission had made significant progress in the pursuit of its mandate over the past 34 months.
“The pursuit of our mandate has been our dominant engagement and in the past few years, we have made impressive progress. Between October 2023 and July 2026, the Commission received 49,673 petitions, investigated 39,615 cases, filed 14,476 cases in court and secured 10,872 convictions.
“This gives a conviction-to-filing ratio of 75.1 percent. In the first half of 2026 alone, we recorded 1,370 convictions from 1,889 filings,” he said.
Olukoyede also disclosed that the commission recorded recoveries running into billions of naira and several foreign currencies.
“The Commission also recorded recoveries of N1,233,612,040,411.11, $684,478,457.32, £373,905.78, €9,343,803.66 in addition to recoveries in other currencies,” he said.
He said the commission had also implemented institutional reforms aimed at improving its operations and strengthening its law enforcement processes.
“Reforms that have strengthened the Commission during the period include new guidelines on arrest and bail, a review of sting operations, the establishment of the Department of Fraud Risk Assessment and Control, the Security Department, the Immigration and Visa Section and the Cybercrime Rapid Response Centre,” Olukoyede said.