The Economic and Financial Crimes Commission (EFCC) has returned $132,362.43 and ₦78,566,324.81 to victims of fraud from the United States, Spain, and Switzerland.
EFCC Chairman Ola Olukoyede disclosed this on Friday in Abuja, stating that the funds were recovered from local fraudsters. He emphasized that handing over the assets to foreign victims reflects the EFCC’s commitment to justice and restitution.
The News Agency of Nigeria (NAN) reports that, in addition to the recovered funds, the EFCC also returned other assets, including vehicles and real estate documents, to representatives of the affected countries.
Commitment to Restitution
Speaking at the event, Olukoyede reiterated the EFCC’s stance on ensuring that crime proceeds are not only recovered but also returned to victims.
“We do not just recover assets; we ensure restitution for those who have suffered economic and financial crimes,” he said.
Funds and Assets Handed Over
At the event, diplomatic representatives received the following on behalf of victims:
- Spain: Acting Ambassador Maria Velasco received $1,300 and confirmation of an ₦30 million transfer to the Spanish Embassy for a victim, Maria San Jose.
- Switzerland: Florent Geel, Senior Political Officer at the Swiss Embassy, received $100,011.43 for a victim, Chantai Helene Lavancy (formerly Chantai Helene Maeder).
- United States: Charles Smith, Legal Attaché at the FBI’s U.S. Embassy, received $7,344, ₦7,963,483.35, and Bitcoin valued at $4,470 for victim Maria Jesus Brockell.
Diplomatic Reactions
Smith praised the EFCC for its dedication to recovering and returning stolen assets, stressing how crucial such efforts are in bringing closure to fraud victims.
Velasco described the restitution as a sign of strong collaboration between Nigeria and Spain, expressing gratitude for the partnership.
On behalf of Switzerland, Geel also commended the Nigerian government and the EFCC for their efforts in fighting financial crimes.
Boosting Nigeria’s International Credibility
Umar Ahmed, Permanent Secretary at the Ministry of Foreign Affairs, lauded Olukoyede’s leadership in the anti-corruption fight, calling the development “unprecedented.”
“You cannot believe the impact this will have on the ministry’s mandate,” Ahmed said, adding that such actions strengthen Nigeria’s global credibility and restore investor confidence.
