Agency says recovery underscores commitment to accountability as NNPC pledges stronger collaboration….
The Economic and Financial Crimes Commission (EFCC) has handed over a total of ₦3,936,145,822 in recovered funds to the Nigerian National Petroleum Company Limited (NNPC Ltd), marking another step in ongoing efforts to tackle financial crimes in the country’s oil sector.
The handover took place on Thursday at the EFCC headquarters in Abuja, where the Secretary to the Commission, Mohammed Hammajoda, represented the agency’s Executive Chairman, Ola Olukoyede.
Speaking during the brief ceremony, Hammajoda reaffirmed the Commission’s resolve to pursue economic and financial crimes, noting that the recovered funds were the result of thorough investigations and the uncovering of fraudulent activities linked to certain actors within NNPC.
He emphasized the sacrifices made by operatives in the line of duty, stating that the EFCC remains committed to serving Nigerians with integrity and courage despite the risks involved.
According to him, the recovery reflects the agency’s broader mission to safeguard public resources and ensure accountability across key sectors of the economy.
Receiving the funds on behalf of NNPC, the company’s Executive Vice President for Downstream operations, Mumuni Dagazau, expressed appreciation to the EFCC for its role in the recovery process.
Dagazau described the development as a positive signal of institutional cooperation, adding that it reinforces ongoing efforts within NNPC to address operational challenges and strengthen internal systems.
He noted that the company remains committed to working closely with anti-corruption agencies and sees the recovery as a milestone that will encourage deeper collaboration going forward.
The handover highlights renewed momentum in the fight against financial misconduct in Nigeria’s oil and gas sector, with both institutions signaling a willingness to intensify joint efforts in promoting transparency and accountability.
