EFCC, NFIU Earn Reps' Applause for ₦566bn + $411m Recoveries and Record Convictions)
The House of Representatives has commended the Economic and Financial Crimes Commission (EFCC) and the Nigerian Financial Intelligence Unit (NFIU) for their effective collaboration in combating financial crimes, resulting in significant asset recoveries and convictions. Hon. Ginger Onwusibe, Chairman of the House Committee on Financial Crimes, gave the commendation during the 2025 budget defence session on Monday. He highlighted the agencies' achievements as of October 2025, which include the recovery of over ₦566 billion, $411 million in foreign currency, and 1,502 properties, alongside securing 3,175 convictions. According to Onwusibe, these figures demonstrate the impact of improved financial intelligence sharing and coordinated operations between the EFCC and NFIU. The NFIU's role in providing timely intelligence has been crucial in tracing illicit funds, freezing assets, and supporting successful prosecutions. The commendation reflects broader recognition of the agencies...