- EFCC Hands Over ₦3.9bn Recovered Funds To NNPCL
- Recovery followed investigations into fraud involving actors.
- NNPCL commends EFCC, pledges continued collaboration on accountability efforts
The Economic and Financial Crimes Commission has handed over nearly ₦4 billion in recovered funds to the Nigerian National Petroleum Company Limited.
The sum of ₦3,936,145,822 was presented on Thursday, March 18, 2026, at the commission’s headquarters in Abuja.
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EKO HOT BLOG reports that the presentation was made on behalf of the EFCC Chairman, Ola Olukoyede, by the Secretary to the Commission, Mohammed Hammajoda, during a ceremony attended by officials of both organisations.
Hammajoda said the recovery followed investigations into fraudulent activities involving some actors within the national oil company. He added that the commission remained committed to tackling economic and financial crimes across the country.
“On behalf of the Executive Chairman, we will continue to put ourselves on the line to serve over 220 million Nigerians. 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,” he said.
“We will serve and continue to serve this country. So, on behalf of the EFCC, I present the sum of Three Billion, Nine Hundred and Thirty Six million, One Hundred and Forty Five Thousand, Eight Hundred and Twenty Two Naira to you.”
The funds were received by the Executive Vice President, Downstream, Mumuni Dagazau, who commended the anti-graft agency for its role in the recovery.
“NNPC over the years has had its struggles and challenges and one thing we have always tried to do is correct the system. When the opportunity arose for this recovery, which was handled by your people, it was something I was really proud of,” Dagazau said.
“I was also happy that we brought it to EFCC to help and support us. We are very excited, for me this is a great day for us, we will continue to rely on you for assistance, and this is a real commitment for us moving forward.”
The development highlights ongoing collaboration between anti-corruption agencies and state-owned institutions in efforts to recover misappropriated public funds and strengthen accountability in Nigeria’s oil sector.
