EFCC Returns Over $132,000 and ₦78 Million to International Fraud Victims

 EFCC Returns Over $132,000 and ₦78 Million to International Fraud Victims

In a decisive move against financial crimes, the Economic and Financial Crimes Commission (EFCC) has restituted a staggering $132,362.43 and ₦78,566,324.81 to fraud victims across the United States, Spain, and Switzerland. This landmark event, held at the EFCC headquarters in Jabi, Abuja, underscores Nigeria's commitment to global anti-corruption efforts and international cooperation.



A Milestone in Financial Crime Restitution

The Executive Chairman of the EFCC, Mr. Ola Olukoyede, emphasized that the restitution symbolizes Nigeria's unwavering stance against corruption. "This restitution is a testament to the commitment of President Bola Ahmed Tinubu and the Nigerian government to eradicating financial crimes. We are demonstrating that Nigeria is not a safe haven for fraudsters," he stated.

This move reflects the EFCC’s proactive approach in repatriating funds and assets obtained through fraudulent schemes, ensuring justice for victims and strengthening Nigeria’s global reputation in the fight against financial crimes.

Breakdown of Funds and Asset Recovery

The funds and assets were formally handed over to representatives of the affected nations:

  • Spain: Acting Ambassador Maria Higon Velasco received $1,300 and official documentation confirming the transfer of ₦30 million to the Spanish Embassy for victim Maria Del Rosario San Jose.
  • Switzerland: Senior Political Officer Florent Geel accepted $100,011.43 on behalf of fraud victim Chantai Helene Lavancy.
  • United States: FBI Legal Attaché Charles Smith received $7,344, ₦7,963,483.35, and Bitcoin valued at $4,470 for victim Maria Jesus Brockell. Additionally, he was handed two luxury Mercedes-Benz vehicles and a residential bungalow in Kaduna for the same victim.
    • Further restitutions included $7,527 for Michael Smith, $11,710 for Cheryle Williams, and ₦32,639,358.11 for Marva Marrow.

International Reactions and Praise

This milestone has been widely lauded by international representatives. Acting Ambassador Velasco highlighted the strengthened partnership between Nigeria and Spain in combating financial crimes.

Charles Smith of the FBI noted, "This restitution not only provides financial justice but also gives victims a sense of closure and restores their confidence in international law enforcement."

Florent Geel of Switzerland praised the EFCC’s professionalism and dedication, adding that such initiatives enhance global cybersecurity and financial safety.

Boosting Nigeria’s Global Reputation

The Permanent Secretary of the Foreign Affairs Ministry, Umar Ahmed, commended the EFCC's efforts, stating, "This significant act enhances Nigeria’s credibility on the global stage, reinforcing the nation’s resolve to combat financial crimes and attract foreign investment." He reaffirmed the ministry’s commitment to supporting the EFCC in its mandate to tackle corruption.

EFCC’s Track Record of Success

This latest restitution is part of the EFCC’s broader strategy to dismantle financial fraud networks and repatriate illicit funds. In the past year alone, the commission has secured over 3,455 convictions and recovered more than ₦248 billion in various currencies.

The EFCC’s relentless pursuit of justice and financial restitution not only deters fraud but also fortifies Nigeria’s standing in the global fight against corruption. This landmark restitution reinforces the nation's dedication to upholding transparency, accountability, and international cooperation in combating financial crimes.

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