EFCC Chair Vows Compliance with Court Orders Amidst Seizure Controversy

The Chairman of the Economic and Financial Crimes Commission (EFCC) has publicly committed to respecting the rule of law following a controversial week involving high-profile asset seizures. After a Federal High Court ordered the release of several properties deemed to have been wrongfully confiscated, the anti-graft agency faced intense scrutiny regarding its adherence to due process. In a statement released today, the Chairman assured the public that the agency would not act above the law.

This development comes as the EFCC refocuses its strategy on internet fraud and money laundering involving cryptocurrency platforms. The agency has reportedly established a new cyber-crime unit equipped with advanced digital forensics capabilities. However, critics argue that the agency often focuses on 'media trials' rather than diligent prosecution, a claim the EFCC vigorously denies.

Recovering Stolen Assets

Despite the legal hurdles, the commission has announced the recovery of over N50 billion in diverted funds in the first quarter of 2025 alone. These funds, according to the agency, have been returned to the treasury to fund social intervention programs. The EFCC is urging the judiciary to speed up corruption trials to ensure that justice is not delayed.