Nigeria’s Anti-graft Agency Secures Record Convictions in Its Two-decade History
Nigeria’s Economic and Financial Crime Commission (EFCC) recovered nearly $500 million in stolen funds and received more than 4,000 criminal convictions in 2024, its highest success rate since its inception twenty years ago. The agency’s crackdown on corruption also led to 931,052 tons of petroleum products, 975 real estate properties and numerous company shares. Some recovered funds were reinvested in government projects. Despite these gains, Nigeria ranks 140th in Transparent International’s corruption perception index, reflecting ongoing challenges. As Africa’s largest energy producer, corruption remains a major obstacle to economic growth, but the EFCC’s active pursuit expresses a renewed commitment to keeping criminals accountable.
source: Reuters
