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Crime
Crime

EFCC returns $132,362, N78.5m to foreign fraud victims

The FrontierThe FrontierFebruary 22, 2025 3235 Minutes read0

•EFCC Chairman Ola Olukoyede hands over the funds to victims of fraud yesterday 

The Economic and Financial Crimes Commission (EFCC) says it has handed over a total sum of $132,362.43, N78,566,324.81 to American, Spanish and Swiss victims of local fraudsters.

The Commission described the move as a gesture of its commitment to tackling economic and financial crimes and offering restitution to victims of fraudulent practices, reports Channels TV.

According to a statement by the EFCC, the handover was performed by its chairman, Ola Olukoyede, yesterday at the EFCC’s corporate headquarters in Jabi, Abuja.

EFCC Chairman Ola Olukoyede speaking during the presentation

It added that the delighted Olukoyede observed that, “The event is a demonstration of the commitment of the federal government of Nigeria and that of President Bola Ahmed Tinubu to the fight against corruption and financial crimes.

“A commitment to good governance, a commitment to stimulating the economy and a commitment to prove to the entire world that Nigeria is not a safe haven for financial crimes, a commitment to international cooperation and international synergy in the fight against financial crimes, which you will agree with me, has become a global crime.”

The statement also read, “We are here to demonstrate that the federal government of Nigeria, through the Economic and Financial Crimes Commission, EFCC is ready to do everything possible to prevent financial crimes from being perpetrated in our system. And when one has taken place, to investigate where assets are involved, to trace, to recover and where necessary, prosecute.

“We don’t just recover, we restitute the victims. We are here this morning to restitute those who were victimised through the perpetration of economic and financial crimes. It is important to know that once the proceeds of crime are recovered, the most responsible thing to do is to restitute the victims.

“Handed over in addition to money are vehicles and real estate to citizens of Spain, the United States of America and Switzerland. Acting Ambassador of Spain to Nigeria, Maria Higon Velasco received the sum of $1,300 and evidence of N30 million already transferred to the Embassy of Spain in Nigeria for onward transmission to a victim, Maria Del Rosario San Jose.

“Florent Geel, Senior Political Officer, First Secretary, Embassy of Switzerland received $100,011.43 (One Hundred Thousand, Eleven Dollars and Forty-three Cents on behalf of a victim, Chantai Helene Lavancy, formerly known as Chantai Helene Maeder. Charles Smith, Legal Attache, Federal Bureau of Investigation, FBI, Embassy of the United States received the sum of $7,344 (Seven Thousand, Three Hundred and Forty-Four Dollars); N7,963,483.35 (Seven Million, Nine Hundred and Sixty-three Thousand, Four Hundred and Eighty-three Naira, Thirty-five Kobo), and Bitcoin cryptocurrency valued at $4,470.00 (Four Thousand, Four Hundred and Seventy Dollars) on behalf of the United States Embassy in Nigeria for onward transmission to a victim, Maria Jesus Brockell.

“Also received by Smith was Mercedes Benz E550 4Matic Chasis No: WDDHF9AB6AA111112, Mercedes Benz C450 AMG with Chasis No: WDD20J0641F282467, and one residential bungalow, located at 17/19 Seaman Street, Unguwar Maigero, Kaduna, Kaduna State on behalf of the United States Embassy in Nigeria for onward transmission to the crime victim.

“Additionally, Smith received the sum of $7,527 (Seven thousand, Five Hundred and Twenty-seven Dollars) on behalf of the United States Embassy in Nigeria for onward transmission to the victim of the crime, Michael Smith. He also received the sum of $11,710.00 (Eleven Thousand, Seven Hundred and Ten Dollars) on behalf of the United States Embassy in Nigeria for onward transmission to the crime victim, Cheryle Williams.

“Lastly, Smith received the sum of N32,639,358.11 (Thirty-Two Million, Six Hundred and Thirty-nine Thousand, Three Hundred and Fifty-eight Naira, Eleven Kobo) on behalf of the United States Embassy in Nigeria for onward transmission to the crime victim, Marva Marrow.

EFCC Chairman, Ola Olukoyede, handing over money recovered from fraudsters to victims. Photo credit: EFCC

In her remarks, Her Excellency Velasco expressed gratitude, adding “This is a sign of the collaboration between Nigeria and Spain, and we are very grateful for this collaboration.” Smith said

“As the FBI Legal Attache and the representative of the US government, I want to say we personally appreciate this. Many here may not understand what the impact this has to the victims. This gives them complete closure and it allows them to feel whole again. So we really do appreciate and we thank the EFCC. The EFCC is just not operating in Nigeria. The EFCC is a major global contender, and you should recognize that every time.”

On behalf of the government of Switzerland, Geel thanked the government of Nigeria and EFCC for the recovery and restitution.

“I thank the Nigerian government and especially the EFCC for the work they have done to combat internet fraud and other financial crimes. Today’s restitution of money obtained from a Swiss citizen demonstrates the effectiveness but also integrity, professionalism, courage and collaboration that occur between Nigeria and Switzerland. So, thank you for this exemplary collaboration and work in making the digital world safer and better regulated. Switzerland will continue to work alongside the Nigerian government in the service of the security of our respective people. So, thank you again,” he said.

The Permanent Secretary, the Foreign Affairs Ministry, Umar Ahmed, thanked Olukoyede for his efforts in the anti-corruption fight and conveyed the felicitation of the Honorable Minister for Foreign Affairs, Yusuf Tuggar and the ministry to the EFCC and the Nigerian government.

According to him, “This is really an unprecedented development, and you cannot believe the impact that this development will have on the mandate of the ministry, because it makes our work a whole lot easier because it really enhances the credibility of Nigeria in the international scene.

“And it will also go a long way in restoring investors’ confidence in the country. And the ministry is very well with you in pursuing this mandate and want to thank you for this initiative.

“It demonstrates the support of our President, Bola Ahmed Tinubu in the fight against corruption and also in strengthening the EFCC in carrying out its mandate. All of us in the ministry are really happy with this development and we’ll keep on working with you and supporting you and in carrying your mandate.”

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