By Emmanuel Nduka Obisue
The Economic and Financial Crimes Commission (EFCC) has handed over a total of ₦3.94 billion in recovered funds to the Nigerian National Petroleum Company (NNPC) Limited, in a move aimed at strengthening accountability and transparency in Nigeria’s oil sector.
The funds were formally presented on Thursday at the EFCC headquarters in Abuja by the Commission’s Secretary, Mohammed Hammajoda, who represented the Executive Chairman, Ola Olukoyede.
Recovered Funds Linked to Fraud Investigations
Speaking during the handover ceremony, Hammajoda said the recovery followed extensive investigations into fraudulent activities involving certain actors within the NNPC system.
“On behalf of the Executive Chairman, we will continue to put ourselves on the line to serve over 220 million Nigerians,” Hammajoda said.
“Many of our colleagues have paid the price in the course of duty, and others may still do so as we carry on with courage and integrity. We remain committed to serving this country.”
He explained that the recovered sum, amounting to ₦3,936,145,822, was being returned to the national oil company as part of the EFCC’s mandate to recover and restitute stolen public funds.
NNPC Commends EFCC for Recovery Efforts
Receiving the funds on behalf of the national oil company, Mumuni Dagazau, Executive Vice President, Downstream at NNPC Limited, commended the anti-graft agency for its role in the recovery.
Dagazau described the development as a positive example of growing collaboration between public institutions in tackling corruption.
“NNPC has had its share of challenges over the years, but we have consistently worked to correct systemic issues,” Dagazau said.
“When the opportunity for this recovery came, we were proud to involve the EFCC. This is a great day for us, and we will continue to rely on your support going forward.”
EFCC Reaffirms Commitment to Asset Recovery
The anti-graft agency reiterated its determination to sustain the fight against economic and financial crimes in Nigeria.
According to the Commission, asset recovery remains a critical pillar in promoting transparency, strengthening public trust, and ensuring accountability in governance.
