Nigeria’s anti-corruption drive recorded another milestone on Wednesday as the Economic and Financial Crimes Commission (EFCC) handed over a total of N3.94 billion to the Nigerian National Petroleum Company Limited following the recovery of funds linked to fraudulent activities.
The presentation took place at the EFCC headquarters in Abuja, where the Commission’s Secretary, Mohammed Hammajoda, represented the Executive Chairman, Ola Olukoyede. According to the agency, the recovered sum—N3,936,145,822—was traced to illicit dealings involving certain actors within NNPC Ltd.
Speaking during the handover, Hammajoda emphasised the Commission’s resolve to sustain its fight against economic and financial crimes, noting that the recovery was achieved through detailed investigations and professional diligence.
He acknowledged the risks associated with anti-corruption work, stating that EFCC personnel remain committed to serving the country despite the challenges. “The funds were recovered through diligent investigation and professional uncovering of fraudulent engagements,” he said, adding that the Commission would continue to act with courage and integrity in protecting public resources.
Receiving the funds on behalf of NNPC Ltd., Executive Vice President (Downstream), Mumuni Dagazau, commended the EFCC for its role in the recovery. He described the development as a strong example of institutional collaboration in addressing financial misconduct.
Dagazau noted that the recovery aligns with ongoing reform efforts within NNPC aimed at strengthening internal systems and improving transparency. He also expressed optimism about sustained cooperation between both institutions to enhance accountability across the oil and gas sector.
The development underscores broader efforts by Nigerian authorities to recover misappropriated public funds and reinforce governance standards, particularly in the country’s critical petroleum industry.