The Nigerian Senate has commended the Economic and Financial Crimes Commission (EFCC) for its performance in the fight against economic and financial crimes, particularly the significant progress recorded in 2024.
This followed the adoption of a motion sponsored by Senator Emmanuel Udende (APC-Benue).
Senator Udende said that the EFCC received 15,724 petitions in 2024, opened 12,928 case files, filed 5,008 cases in court, and secured and recorded 4,111 convictions, the highest in any single year since the commission’s establishment in 2003.
He said that the commission recovered substantial funds in local and foreign currencies, alongside various forfeited assets, contributing positively to Nigeria’s economic framework and international image.
Despite limited resources, personnel constraints, and the increasing complexity of financial crimes, the EFCC has remained committed to its statutory mandate.
“Its work continues to inspire public confidence in the nation’s anti-corruption efforts and strengthens Nigeria’s reputation globally.”
Senator Onyekachi Nwebonyi (APC-Ebonyi), who seconded the motion and commended the commission’s transformation under the current administration.
“This is the first time the EFCC is living up to the expectations of Nigerians without relying on media trials.
“They have recovered over N500 billion in 2024 alone. This is commendable,” Senator Nwebonyi said.
He also applauded President Bola Tinubu for appointing the right people to lead key anti-corruption institutions, describing the EFCC’s giant strides as a “revolution”.
Senator Saliu Mustapha (APC-Kwara) raised concerns over the EFCC’s retention of a statutory percentage of recovered funds, questioning whether adequate legislative approval had been sought.
“The EFCC is entitled to a percentage of recoveries under the law, but has this chamber ever received any request or communication on this? We must improve oversight in this regard,” he said.
Senate President Senator Godswill Akpabio clarified that the law required the President of Nigeria to seek Senate approval for any such retention, not the EFCC.
He mandated relevant committees to follow up on whether such requests had been made.
“The role of EFCC is not just to prosecute but also to deter crime. For every conviction recorded, at least ten other crimes are likely prevented,” Senator Akpabio said.
Senator Akpabio urged the EFCC to continue its work with transparency and accountability, while assuring that the National Assembly would continue to offer full legislative backing to sustain the war against corruption in Nigeria.
Senate Leader, Senator Opeyemi Bamidele (APC-Ekiti) moved an additional motion to formally commend President Bola Tinubu for his support of the EFCC, including leadership appointments and budgetary provisions that enabled the agency’s success.
“The President deserves credit for ensuring the EFCC is properly funded and empowered. His leadership has directly led to more recoveries, deterrence, and convictions, marking a bold step in Nigeria’s anti-corruption war,” Senator Bamidele said.
The Nigerian Senate, in its further resolutions, commended the EFCC for its unwavering dedication, professionalism, and notable achievements in combating financial crimes, especially the record performance in 2024.
It mandated relevant committees to continue to provide effective oversight and legislative support to strengthen the EFCC and other anti-corruption agencies.
It commended President Bola Tinubu for his strategic support and commitment to anti-corruption efforts in Nigeria, including the appointment of capable leadership at the EFCC and the provision of adequate funding.