The Economic and Financial Crimes Commission (EFCC) has handed over N3.9 billion in recovered funds to the Nigeria National Petroleum Company Limited, reinforcing efforts to tackle corruption in the country’s oil sector.
The funds, totalling N3,936,145,822, were formally presented on March 18, 2026, at the EFCC headquarters in Abuja.
The presentation was made on behalf of EFCC Chairman Ola Olukoyede by the Commission’s Secretary, Mohammed Hammajoda.
Hammajoda said the recovered funds were traced to fraudulent activities involving some actors within NNPCL, uncovered through detailed investigations.
He reaffirmed the EFCC’s commitment to fighting financial crimes, noting that the agency remains dedicated to serving Nigerians despite the risks involved.
“On behalf of the EFCC, we will continue to serve this country with courage and integrity,” he said while presenting the funds.
Receiving the money, Mumuni Dagazau, Executive Vice President (Downstream) at NNPCL, described the recovery as a significant milestone.
He said the collaboration between NNPCL and EFCC highlights growing institutional cooperation to correct systemic challenges within the oil company.
Dagazau added that NNPCL remains committed to transparency and will continue to rely on anti-corruption agencies for support in strengthening accountability.
The development underscores ongoing efforts by Nigerian authorities to recover stolen public funds and improve governance in key sectors of the economy.
