By Olayinka Teniola
The Economic and Financial Crimes Commission (EFCC) on Wednesday transferred a total of N3,936,145,822 in recovered funds to the Nigerian National Petroleum Company Limited (NNPCL), following investigations into financial misconduct.
According to a statement by the Commission’s spokesperson, Dele Oyewale, the handover took place at the EFCC headquarters in Abuja. The Secretary to the Commission, Mohammed Hammajoda, presented the funds on behalf of the Executive Chairman, Ola Olukoyede.
During the brief ceremony, Hammajoda reiterated the EFCC’s resolve to tackle economic and financial crimes, emphasizing that the recovered sum resulted from detailed investigations that exposed fraudulent activities involving certain individuals within NNPCL.
He noted that the Commission remains committed to serving Nigerians with dedication and integrity, despite the inherent risks associated with its work.
“The recovery was made possible through painstaking investigations and the professional exposure of fraudulent dealings by some actors within NNPCL,” he said. “We remain steadfast in our duty to serve the nation, even as we acknowledge the sacrifices made by our personnel in the course of this mission.”
Receiving the funds on behalf of NNPCL, Executive Vice President, Downstream, Mumuni Dagazau, praised the EFCC for its efforts, describing the recovery as a strong example of effective institutional collaboration.
Dagazau added that the development aligns with NNPCL’s ongoing reforms aimed at improving operational efficiency and strengthening internal systems. He also expressed confidence in sustained cooperation between both institutions, highlighting their shared commitment to transparency and accountability.
The handover underscores the continued efforts of anti-corruption agencies to recover misappropriated public funds and promote financial integrity, particularly within Nigeria’s oil and gas sector.
