The Economic and Financial Crimes Commission (EFCC) has handed over N3.9 billion in recovered funds to the Nigerian National Petroleum Company Limited, describing the sum as proceeds of fraudulent activities traced to some officials of the national oil company.
The handover, which took place on Thursday at the EFCC headquarters in Abuja, saw the Commission’s Secretary, Mohammed Hammajoda, present the recovered funds on behalf of the Executive Chairman, Ola Olukoyede.
Hammajoda disclosed that the recovery followed painstaking investigations by the anti-graft agency, which uncovered financial misconduct linked to certain actors within the NNPCL.
He reaffirmed the Commission’s resolve to tackle corruption and safeguard public resources, stressing that the EFCC remains committed to its mandate despite the risks involved.
“On behalf of the Executive Chairman, we will continue to put ourselves on the line to serve over 220 million Nigerians. Some of our colleagues have paid the price, and others will still do so as we carry out our duties with courage and integrity,” he said.
Receiving the funds on behalf of the oil company, Executive Vice President, Downstream, Mumuni Dagazau, commended the EFCC for the recovery, describing it as a clear demonstration of effective institutional collaboration.
Dagazau noted that while the NNPCL has faced operational challenges over the years, it remains committed to strengthening transparency and accountability within its system.
He expressed optimism for sustained partnership with the EFCC, adding that the recovery underscores the company’s determination to ensure prudent management of public funds.
The development is seen as part of ongoing efforts by anti-corruption agencies to clean up Nigeria’s oil sector and restore public confidence in key national institutions.
