The Economic and Financial Crimes Commission announced on Wednesday that 2,210 suspects who were involved in economic and financial crimes between January 1, 2022, and August 5, 2022, had been found guilty. This information was provided by the EFCC’s Executive Chairman, Abdulrasheed Bawa, to journalists at a workshop on “Effective Reporting of Economic and Financial Crimes” that took place at the organization’s headquarters in Abuja.
This occurred about eight months after the EFCC declared that 2,220 convictions had been obtained across all of its Commands in 2021. The 1,280 convictions the anti-graft agency recorded in 2019 were outnumbered by this one by 127.5%, making it the agency’s highest conviction to date.
Bawa said during the workshop that as of the 5th of August, 2022, there had been 2210 convictions, so he is happy to say that they are on track to surpass that number.
He also added that the impact that the EFCC’s intervention in the foreign exchange market has had on the value of the naira, however, is one accomplishment that the majority of people might find difficult to recognize. Following the Commission’s intervention, the Naira significantly strengthened against the Dollar in the parallel market, rising from well over N710 to the Dollar. The commission would continue to make efforts to stop harmful speculative activities in the sector.
