Audio By Carbonatix
Nigeria's economic crimes commission said it recovered nearly $500 million in proceeds of crime last year and secured more than 4,000 criminal convictions, its highest since the agency's inception more than two decades ago.
Africa's biggest energy producer, Nigeria has struggled for decades with endemic corruption, which many Nigerians say contributes to widespread poverty in the country.
The Economic and Financial Crimes Commission (EFCC), which investigates and prosecutes corruption in Nigeria, said in a report on Monday that some of the recovered money was reinvested in government projects.
Nigeria is ranked 140 out of 180 on Transparency International's latest Corruption Perception Index.
Besides cash, the EFCC said it also seized 931,052 metric tons of petroleum products, 975 real estate properties and company shares.
Latest Stories
-
Church of Pentecost supports over 2,000 BECE candidates in Obuasi with career guidance seminar
1 hour -
Brandon Asante and Coventry all but promoted to Premier League despite Sheffield Wednesday draw
1 hour -
GPL 2025/26: Late Kwartemaa strike downs Hearts in Tema
2 hours -
Ghana Faces Sierra Leone Moment as Prosecutorial Powers come under strain
2 hours -
Don’t consume fish or seafood from Tema Shipyard until further notice – FDA warns
2 hours -
Why volunteering might be Africa’s most underrated career accelerator
2 hours -
ActionAid Ghana raises concern over gender gaps in Feed Ghana Programme
2 hours -
Windstorm wreaks havoc in Gushegu, displacing nearly 2,000 residents and damaging schools
2 hours -
Friends of Bridget Bonnie Marks her 35th birthday with donation to Kasseh Model Health Centre
3 hours -
From Ekumfi Kokodo to the Pulpit Stage: Essi Donkor’s gospel journey takes shape
3 hours -
Landfilling waste management creates no value, it’s an economic waste
3 hours -
Photos: Speaker Bagbin Commissions MPs constituency office under parliamentary decentralisation programme
3 hours -
Black Stars technical advisor Winfried Schäfer sacked as GFA shakes up backroom staff
4 hours -
Wenchi water project almost complete, critical to gov’t agenda – GWL MD
4 hours -
Anti-LGBTQ+ bill not part of government’s legislative agenda – Inusah Fuseini
4 hours