The Economic and Financial Crimes Commission on Wednesday handed over a total of N3,936,145,822 to the Nigerian National Petroleum Company Limited, following the recovery of funds linked to fraudulent activities.
A statement by the agency’s spokesman, Dele Oyewale, said the presentation was made at the EFCC headquarters in Abuja by the Secretary to the Commission, Mohammed Hammajoda, on behalf of the Executive Chairman, Ola Olukoyede.
Speaking during the brief ceremony, Hammajoda reaffirmed the Commission’s commitment to combating economic and financial crimes, noting that the recovered funds were the result of thorough investigations and professional efforts that uncovered fraudulent dealings involving certain actors within NNPC Ltd.
He stressed that the EFCC would continue to serve Nigerians with courage and integrity despite the risks involved in its operations.
“The funds were recovered through diligent investigation and professional uncovering of fraudulent engagements by some actors in the NNPCL.
“On behalf of the Executive Chairman, we will continue to put ourselves on the line to serve over 220 million Nigerians.
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👉 JOIN GISTSMATE WHATSAPP CHANNEL“Along the line, many of our colleagues have paid the price, and others will still pay the price as we continue to do our work with courage and integrity. We will serve and continue to serve this country,” he said.
Receiving the funds on behalf of NNPC Ltd., the Executive Vice President, Downstream, Mumuni Dagazau, commended the EFCC for its role in the recovery process.
Dagazau described the development as a demonstration of institutional collaboration, adding that the recovery reflects ongoing efforts by NNPC to reform its systems and address operational challenges.
He expressed optimism about continued partnership with the EFCC, noting that the intervention underscores a shared commitment to transparency and accountability.
The event highlights ongoing efforts by anti-corruption agencies to recover and return public funds, as part of broader measures to strengthen governance and financial integrity in Nigeria’s oil sector.
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