By Nkechi Eze
The Economic and Financial Crimes Commission (EFCC) has handed over recovered funds amounting to N3,936,145,822 to the Nigerian National Petroleum Company Limited, in a move underscoring ongoing efforts to combat financial crimes and recover stolen public assets.
The presentation took place on Thursday, March 18, 2026, at the EFCC headquarters in Abuja. The funds were handed over on behalf of the Executive Chairman of the Commission, Ola Olukoyede, by the Secretary to the Commission, Mohammed Hammajoda.
Speaking during the brief ceremony, Hammajoda reaffirmed the Commission’s commitment to tackling economic and financial crimes, noting that the recovered sum was the result of diligent investigation and the uncovering of fraudulent activities involving certain actors within NNPC Ltd.
“On behalf of the Executive Chairman, we will continue to put ourselves on the line to serve over 220 million Nigerians. Along the line, many of our colleagues have paid the price and others will still pay the price as we continue to do our work with courage and integrity. We will serve and continue to serve this country,” he said, while formally presenting the funds.
Receiving the money on behalf of NNPC Ltd, the Executive Vice President, Downstream, Mumuni Dagazau, expressed appreciation to the EFCC for its role in the recovery. He described the development as a demonstration of institutional collaboration and commitment to accountability.
Dagazau acknowledged the challenges faced by the national oil company over the years and noted that efforts have consistently been made to reform and strengthen its systems. He commended the EFCC for its support, stating that the recovery marked a significant milestone for the organisation.
He added that NNPC Ltd would continue to rely on the Commission’s assistance in ensuring transparency and safeguarding public resources, describing the handover as a positive step toward strengthening integrity within the system.
