{"id":7073275,"date":"2026-10-02T19:48:19","date_gmt":"2026-10-02T19:48:19","guid":{"rendered":"https:\/\/fivemor.com\/?p=7073275"},"modified":"2026-10-02T19:48:19","modified_gmt":"2026-10-02T19:48:19","slug":"efcc-boss-puts-recovery-limit-on-stolen-funds-at-60-per-cent","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=7073275","title":{"rendered":"EFCC Boss Puts Recovery Limit On Stolen Funds At 60 Per Cent"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<h4>\u2013 EFCC Chairman Ola Olukoyede says recovering stolen money becomes difficult once it has been taken, with only 60 per cent potentially recoverable.<\/h4>\n<h4>\u2013 He urges Nigerians to report suspected corruption and financial crimes to the commission.<\/h4>\n<h4>\u2013 Olukoyede spoke at the opening of the EFCC\u2019s zonal office in Awka, Anambra State.<\/h4>\n<p>\u00a0<\/p>\n<p>The Economic and Financial Crimes Commission (EFCC) has highlighted the challenges of recovering proceeds of financial crimes, with its chairman, Ola Olukoyede, saying the commission can retrieve only about 60 per cent of stolen funds.<\/p>\n<p><strong>ATTENTION:<\/strong>\u00a0Click <strong>\u201c<a href=\"https:\/\/dailyreport.ng\/daily-report-nigeria-whatsapp-group\/\">HERE<\/a>\u201d<\/strong> to join our WhatsApp group and receive News updates directly on\u00a0<a href=\"https:\/\/dailyreport.ng\/daily-report-nigeria-whatsapp-group\/\">your WhatsApp<\/a>!<\/p>\n<p>\u00a0<\/p>\n<p>Olukoyede made the observation on Friday at the inauguration of the commission\u2019s zonal office in Awka, Anambra State, where he called for greater emphasis on preventing corruption and fraud.<\/p>\n<p>\u00a0<\/p>\n<p>He said experience had shown that recovering money after it had been stolen was difficult, making prevention a more effective way of tackling financial crimes.<\/p>\n<p>READ ALSO:\u00a0<a href=\"https:\/\/dailyreport.ng\/public-officers-steal-nigerias-money-every-minute-says-efcc-chairman\/\">Public Officers Steal Nigeria\u2019s Money Every Minute, Says EFCC Chairman<\/a><\/p>\n<p>\u201cI have discovered that when money has been stolen, the best you can recover is 60 percent,\u201d he said.<\/p>\n<p>\u00a0<\/p>\n<p>The EFCC chairman urged members of the public to promptly report suspected corruption cases to the commission, stressing the importance of citizens\u2019 cooperation in the fight against financial crimes.<\/p>\n<p>\u00a0<\/p>\n<p>He also said the commission\u2019s presence in Anambra was intended to support the state\u2019s economic development.<\/p>\n<p>\u00a0<\/p>\n<p>Olukoyede maintained that efforts to prevent the diversion of public and private funds should take priority, rather than relying mainly on investigations and asset recovery after financial crimes have occurred.<\/p>\n<div id=\"hbagency_space_55331\"><strong>For publication of Press Releases, Statements, and Advert Inquiries, send an email to<a href=\"http:\/\/dailyreport.ng\/cdn-cgi\/l\/email-protection#1c75727a2c5c787d7570656e796c736e6832727b\"> <span class=\"__cf_email__\" data-cfemail=\"365f5850597652575f5a4f445346594442185851\">[email\u00a0protected]<\/span><\/a><\/strong><\/div>\n<p><!-- CONTENT END 1 -->\n                <\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>\u2013 EFCC Chairman Ola Olukoyede says recovering stolen money becomes difficult once it has been taken, with only 60 per cent potentially recoverable. \u2013 He urges Nigerians to report suspected corruption and financial crimes to the commission. \u2013 Olukoyede spoke at the opening of the EFCC\u2019s zonal office in Awka, Anambra State. \u00a0 The Economic [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7073276,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[204597,88],"tags":[240,65407,29393,11257,20749,18344,14114,6188],"dealstore":[],"offerexpiration":[],"class_list":["post-7073275","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-efcc","category-news","tag-boss","tag-cent","tag-efcc","tag-funds","tag-limit","tag-puts","tag-recovery","tag-stolen"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - 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