Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi (SAN), has revealed that Nigeria’s anti-corruption agencies recovered over ₦277 billion and $105 million in 2024 alone. The figures reflect an aggressive push against corruption and illicit financial flows in the country.
Speaking on Tuesday at a summit on asset recovery held in Abuja, Fagbemi praised the efforts of the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC), describing their asset recovery strides as critical wins in Nigeria’s ongoing battle against economic and financial crimes.
“In 2024 alone, the EFCC recovered more than ₦248 billion, $105 million, and over 750 duplexes in real estate assets linked to corruption,” the AGF disclosed.
“The ICPC also made significant gains, retrieving ₦29.685 billion in cash and seizing assets worth $966,900,” he added.
Fagbemi emphasized that these recoveries — both domestic and international — underscore Nigeria’s deepening commitment to transparency, accountability, and criminal justice reform.
The Attorney-General also commended the National Drug Law Enforcement Agency (NDLEA) for its recent focus on asset tracing and seizure in drug-related cases. He said the agency’s efforts are helping dismantle criminal networks that use drug proceeds to fund further crimes.
“The NDLEA has intensified the seizure of assets tied to narcotics trafficking, ensuring criminal wealth does not recycle into the system,” he noted.
Fagbemi further stated that Nigeria had also recorded progress on the international front, successfully repatriating significant looted funds from foreign jurisdictions. While he did not specify the countries or amounts involved, he noted that the development reflects growing international cooperation and Nigeria’s determination to fight illicit enrichment.
“These recoveries demonstrate that Nigeria’s anti-graft institutions are not only active but increasingly effective — both within and beyond our borders,” he said.
The minister called for continued collaboration among law enforcement agencies, the judiciary, and international partners to enhance asset recovery frameworks, close legal loopholes, and ensure that recovered funds are used for public benefit.
