Since its creation 23 years ago, by Chief Olusegun Obasanjo, as president of Nigeria, Africa’s most populous and influential country, the Economic and Financial Crimes Commission (EFCC), had apparently not gotten a head, who had piloted the affairs of the commission, like Mr. Olanipekun Olukoyede, its Executive Chairman, a chief-operations-officer of the Commission.

It could be said that Olukoyede, the Czar thief catcher and arrestor of economic saboteurs, has given the EFCC’s enemies such a tough time as he has taking the anti-graft fight to the doorsteps of the high-profile individuals across the country. These range from former state governors, serving and former ministers, retired and serving civil servants, businessmen, clergies, traditional rulers, cyber-influencer, entertainers, professionals and numerous others.

Olukoyede brings years of experience in law, fraud management, and business intelligence to bear on the position. Before him, Mallam Nuhu Ribadu was EFCC’s inaugural chair; succeeded by the first and only female, Mrs. Farida Waziri; Ibrahim Lamorde, Ibrahim Magu, and Abdul Rasheed Bawa.

The anti-graft agency has its hands full with massive financial fraud and money laundering cases. In the clause of “physicians, look at thyself”, EFCC in its resolve is known to have been flushing out officers within the body, who run foul to the law.

In the past, before Olukoyede’s appointment, it was widely believed that it was only the “fries and not the big fishes”, who the Commission could summon the courage to prosecute; and that most culprits were also left from the hook, because of compromise by some corrupt officers of the Commission, and feeble litigation processes.

Mr. Godwin Emefiele, former Governor of the Central Bank of Nigeria (CBN), happened to have opened to Olukoyede’s a deluge of “big-men and women”, who have been arrested, investigated and cooling their feet in detention or those bailed, that are facing severe court trials. There is the biggest 19-count charge at the Ikeja Special Offences Court, involving an alleged $4.5 billion fraud.
Immediate-paste governor of Kogi State, Yahaya Bello, faces two massive, but separate legal battles totalling over N190 billion on fraud allegation. EFCC secured from the Court of Appeal, forfeiture of 14 properties and huge money linked to him.

Abubakar Malami (former Attorney-General of the Federation), with his son, Abdulaziz and his wife, is currently charged on a-16-count of money laundering. The court has stayed interim forfeiture of 57 properties valued at over N213 billion.

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EFCC had also secured the arrest of Sadiya Umar-Farouq, a female former Minister of Humanitarian Affairs, and a former Permanent Secretary, through a Federal High Court, on a 21-point alleged fraud and corruption charge, involving $1.3 million and N746.6m and others amounting to 37.1 billion.

Uju Kennedy-Ohanenye, also female and former Minister of Women Affairs, was removed from office by President Bola Tinubu, over alleged misappropriation and diversion of N138.4 million, and had been under EFCC questioning.

A recent discovery, which startled Nigerians and the world, the Commission (EFCC) had reportedly arrested a serving Director-General of the Energy Commission of Nigeria, Dr. Mustapha Abdullahi, over alleged money laundering involving about ₦500 billion.

Somewhat, this had deflated the claim that those arrested and persecuted are political opponents and not serving officers of the Tinubu’s government.

EFCC is a “Nigerian law enforcement and anti-graft agency that investigates financial crimes, such as advance fee fraud (419 Fraud) and money laundering. It was also set up to fight against corruption and to protect the country from economic saboteurs”.

The Commission, whilst responding to pressures from the Financial Action Task Force on Money Laundering (FATF), that named Nigeria as one of 23 countries not cooperating in the international community’s efforts to fight money laundering, had revved in performance, in a bid to roll back the blights.

And so, it is a strenuous goal for EFCC, as entrenched in the ‘EFCC Establishment Act 2004’, which gives it specialist jurisdiction against severe financial and commercial crime – covering multiple high and lower levels.

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Born on 14 October 1969, Olukoyede, a civil servant, has had a clear break from past, where past executive chairmen of the Commission had left the Commission, where all serving officers were drafted from the Nigerian Police Force (NPF). However, President Bola Ahmed Tinubu is widely commended for Olukoyede’s appointment to the position, with the Senate also eulogized for screening him.

Whilst briefing the Press in Abuja, on his two-year activities in office, on October 23, 2025, the Commission’s boss certainly made unprecedented progress in the fight against economic and financial crimes. He spoke through the Director of Public Affairs of the Commission, Wilson Uwujaren, as he listed the recovery of N566 billion, alongside other currencies and assets, among the achievements of the Commission.

He further revealed that the Commission received over 19,000 petitions, conducted 29,240 investigations, filed 10,525 cases in court, and secured 7,503 convictions.

Olukoyede asserted that the Commission recovered ₦566,319,820,343.40, $411,566,192.32, £71,306.25, €182,877.10, and other foreign currencies from proceeds of financial and economic crimes. Added to this was the recovery of 1,502 non-monetary assets, comprising 402 properties in 2023, 975 in 2024, and 125 so far in 2025.

“Among these recovered assets are two notable landmarks: the final forfeiture of 753 units of duplexes in Lokogoma, Abuja, and the forfeiture of Nok University, now the Federal University of Applied Sciences, Kachia, Kaduna State,” he said.

He listed several high-profile cases prosecuted within the period, including those involving former governors Willie Obiano, Abdulfatah Ahmed, Darius Ishaku, Theodore Orji, and Yahaya Bello. Others are former ministers Olu Agunloye, Mamman Saleh, Hadi Sirika, Charles Ugwu, and former Central Bank Governor, Godwin Emefiele.

EFCC was also said to have reentered and invigorated some longstanding fraud cases, such as ones linking Fred Ajudua, former People Democratic Party, PDP National Chairman Haliru Bello Mohammed, ex-National Security Adviser Sambo Dasuki, and former Nigerian Social Insurance Trust Fund, NSITF boss, Ngozi Olojeme.

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The EFCC said it arrested 792 suspects involved in asset and cryptocurrency frauds in Lagos, among who were 192 foreigners who were prosecuted and deported.

A Task Force on Naira Abuse and Dollarisation of the Economy was established by EFCC, which accordingly, had notable impacts in sanitizing money actions countrywide. “The campaign against naira abuse, racketeering, and speculative currency trading has helped reduce pressure on the naira and complemented the Central Bank’s efforts in stabilizing the economy,” he said.

Olukoyede also spoke on the Commission’s strengthened partnerships with foreign law enforcement agencies, including the Korean Police, Royal Canadian Mounted Police, Spanish Police, and German Police.

He also mention benefitting synergy with the FBI, the UK’s National Crime Agency (NCA), INTERPOL, and Japan’s JICA, in subsequent joint investigations and the repatriation of stolen assets to victims from Spain, Canada, and the United States.

Strengthening EFFC’s mandate at the regional level, and in Africa, Olukoyede and the Commission are said to be up and doing. For instance, a thing that had never happened to EFFC, he had been twice elected as President of the Network of National Anti-Corruption Institutions in West Africa (NACIWA), which led to the founding of a permanent secretariat in Abuja.

A strong media presence is needed to successfully inform the public of the ideals of EFCC and its update activities. And so, ‘EFCC Radio 97.3FM’, Nigeria’s first anti-corruption radio station, was established Olukoyede. EFCC should count itself very lucky for having in its fold, tested, diligent and veteran journalists who are ostensibly seasoned in the ideals and watchdog principles of the Commission.

The Inspector-General of Police, Olatunji Rilwan Disu, on Saturday visited communities in Oriire Local Government Area of Oyo State following the deadly attack and abduction incident that occurred in the area in the early hours of Friday, May 15, 2026.

During the visit, the IGP expressed concern over the incident and extended condolences to families of victims who lost their lives during the attack.

Disu was accompanied by Ojo Adekimi, Commissioner of Police for the Kwara State Command, due to the proximity of the Oriire axis to border communities in Kwara State, as well as Abayomi Shogunle of the Schools Protection Squad as part of efforts to strengthen school safety and coordinate response measures.

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He described the attack as “cruel and unacceptable,” stressing that no effort would be spared in restoring peace to the affected communities.

The police chief further directed the deployment of additional tactical and intelligence assets to strengthen ongoing operations within the area and surrounding forests.

In a release by the Force Public Relations Officer, Anthony Placid via the police X handle on Saturday, the police chief also met with Abimbola Ayodeji Olugbenga, Commissioner of Police for the Oyo State Command, alongside other security stakeholders, where he received briefings on ongoing rescue operations and security deployments across affected communities.

The IGP assured residents, parents and guardians that the Nigeria Police Force, in collaboration with other security agencies, had intensified coordinated search-and-rescue efforts, intelligence gathering and tactical deployments aimed at securing the release of abducted victims and apprehending those responsible.

The House of Representatives primary elections of the All Progressive Congress, APC, in Abia State has been rocked by logistics challenges and reports of intense lobbying.

The exercise, scheduled to commence on Saturday morning, is yet to start in any part of the state as at 3:00 pm.

A visit by DAILY POST to several wards where the primary elections were supposed to hold in Umuahia showed that no party official was on duty.

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At Amuzukwu Secondary School, Umuwaya Amuzukwu, Methodist Primary School at Crowther Street, Umuahia North Local Government Headquarters, no official of the APC or the Independent National Electoral Commission, INEC, staff was seen.

Two female police officers who were deployed to provide security in Umuwaya Amuzukwu were left in confusion as they could not meet any APC official at the centre.

Source disclosed that some of the aspirants in various constituencies in Abia State refused the offer to step down before the primares, insisting that they be allowed to test their popularity in the exercise.

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Meanwhile, two leaders of the City Boys Movement in Abia State, Chinedu Orji and Lucky Igbokwe, who are aspiring for the Ikwuano/Umuahia Federal Constituency, have issued statements maintaining that they are firmly in the race.

Explaining the delay in the commencement of the APC primary election, Publicity Secretary of Abia State APC, Uche Aguoru, attributed the situation to logistics challenges.

Aguoru invited all House of Representatives aspirants and other party stakeholders to an “emergency mandatory meeting” to be held at APC new office by Saturday evening.