The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, says more than 40 employees of the anti-corruption agency have been dismissed over alleged corruption and financial misconduct since he assumed office in October 2023.
Olukoyede disclosed this while presenting an assessment of the commission’s performance under his leadership at an event in Abuja.
According to the EFCC chairman, more than five of the dismissed officials are already facing prosecution, while case files are being prepared against some of the others.
“In the past two-and-a-half years or three years of my service, I’ve asked them to dismiss over 40 staff on account of corruption and financial malpractice,” Olukoyede told journalists.
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The EFCC is responsible for investigating and prosecuting financial crimes, including fraud, money laundering and corruption. Its investigations frequently involve politicians, public officials, business executives and other individuals accused of financial crimes.
EFCC Renames Internal Affairs Department
Olukoyede also disclosed that the commission had introduced a number of internal reforms aimed at strengthening accountability and ethical standards among its personnel.
As part of the reforms, the EFCC’s Department of Internal Affairs was renamed the Department of Ethics and Integrity.
The agency has also introduced a policy covering gifts and hospitality to address potential conflicts of interest among its officers.
Under the policy, EFCC officials are required to declare gifts above a specified threshold, including gifts received from relatives living abroad.
“You must be sure that your hands are clean. You can’t be fighting corruption when your hands are soiled with corrupt practices,” Olukoyede said.
The EFCC did not provide further details when asked about the specific allegations involving the dismissed employees.
EFCC Recovers N1.23 Trillion Under Olukoyede
Beyond the internal disciplinary measures, Olukoyede highlighted the commission’s financial crime enforcement record since he became chairman.
He said the EFCC had recovered N1.23 trillion over the period, while maintaining a conviction rate of more than 75 percent.
Between October 2023 and July 2026, the commission received 49,673 petitions, investigated 39,615 cases, filed 14,476 cases in court and secured 10,872 convictions, according to figures presented by the chairman.
Olukoyede added that the EFCC recorded 1,370 convictions from 1,889 court filings in the first half of 2026 alone.
He said the figures reflected what he described as a stronger focus on evidence, investigations and successful courtroom outcomes.
Cybercrime and Fraud Dominate EFCC Caseload
Figures presented at the briefing also indicate that the commission’s workload is increasingly being driven by cybercrime and fraud cases.
The trend suggests that the EFCC’s activities now extend beyond the high-profile corruption investigations involving politicians and senior public officials, with a significant proportion of its cases involving cyber-enabled financial crimes and other forms of fraud.
Olukoyede’s disclosure about the dismissal of more than 40 staff members also underscores the commission’s efforts to strengthen internal accountability as it continues its mandate to combat financial crimes in Nigeria.
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