EFCC recovers N116.9m, 65 cars in six months

Olubunmi Osoteku, Ibadan


The Ibadan Zonal Office of the Economic and Financial Crimes Commission, EFCC, has recovered about N116,945,981 and 65 vehicles from various operations in the last six months.

The Head of the Ibadan Zonal Office, Mr. Friday Ebelo, made this known during a Press Conference at the Iyaganku, Ibadan Zonal Office, to update the public on the successes achieved by the anti-graft Agency in the last six months.

Explaining how the recoveries were made, Ebelo said the monies were partly forfeited to the Federal Government and partly to individuals who were defrauded, adding that while 11 of the recovered vehicles were unregistered, 54 were duly registered.

According to the Zonal Office boss, from January till date, a total of 481 petitions were received out of which 117 were rejected. The rejection, he said, was necessitated by the reality that the cases in question were not under the constitutional purview and powers of the Commission.

Flanked by other top officials of the Zonal Office, Ebelo said the briefing was essentially organized to share the successes recorded by the Commission’s Ibadan Zonal Office in the last six months, with the unwavering support of the Acting Chairman and other stakeholders.

Currencies recovered

Ebelo revealed that other foreign currencies also recovered within the same period include USD39, 125; £50 (fifty pounds) and 1,800 Euros.

He stated: “From January to June 21, 2019, an aggregate sum of N116, 945, 981.68 was recovered. These include foreign currencies totaling $39,125 (thirty-nine thousand, one hundred and twenty-five United States Dollars), £1,800 (One thousand, eight hundred Euros) and £50 (fifty Pounds). Also recovered are 65 vehicles- 54 registered and 11 unregistered.”

While lamenting that the new wave of suspects being brought to the Commission are young Nigerians with potentials to be great in life, Ebelo urged parents to monitor their children and youths, especially those in higher institutions, as the rate at which many youths, both male and female, are engaging in cyber crimes is alarming.

He advised that, “It is not enough to send kids to school, parents should pay unscheduled visits to their schools, especially higher institutions of learning and see what the children are doing. That will help to nip in the bud any criminal tendencies they might be showing or engaging in.”

Exercising caution

Ebelo called on citizens to be careful in using or giving their bank accounts to people around to use for receiving funds.

The Zonal Head disclosed that, “Many innocent people are falling victims and it is increasingly becoming difficult to prove, especially when they are the ones who also help them withdraw cash which could have been proceeds of crimes. Parents must monitor their wards and ensure that they do not keep bad company.”

While speaking on the various efforts to ensure more effective collaborations with relevant stakeholders in the fight against corruption, Ebelo said the move has yielded an offer of free airtime on the University of Ibadan owned radio station, Diamond FM. This will create awareness and alert of the ills of economic and financial crimes and how they could be tackled.


Emmanuel Ukoh