Shettima says EFCC recovers stolen assets worth ₦500bn in two years

Vice President Kashim Shettima said on Monday the Economic and Financial Crimes Commission (EFCC) has recovered stolen assets valued at over ₦500 billion in the last two years.

He stated this when he declared open a three-day capacity-building workshop for judges and justices, jointly organised by the EFCC and the National Judicial Institute (NJI) in Abuja.

Shettima, who represented President Bola Tinubu at the event, said the administration’s decision to allow the EFCC operate independently has enhanced the agency’s effectiveness in the fight against corruption.

He revealed that the EFCC has secured more than 700 convictions during the period to underline the government’s commitment to transparency and accountability.

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“As an administration, we have prioritised public accountability by strengthening anti-corruption agencies and granting them the autonomy needed to fulfil their mandates,” Shettima said.

“The EFCC, for instance, has achieved over 7,000 convictions in the past two years and recovered assets exceeding ₦500 billion.”

He further stated that the recovered proceeds of corruption are being redirected into key sectors to fund social investment initiatives, including the students’ loan and consumer credit schemes.

“We are also working closely with the judiciary to improve the welfare and working conditions of judicial officers,” he added, noting recent improvements in judges’ remuneration and the government’s commitment to further enhancements.

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