EFCC
Olukoyede Brought the Highest Standards to EFCC – Minister Alausa
Minister of Education, Dr. Maruf Olatunji Alausa, has commended the Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, for raising the Commission’s standards to their highest level.
Alausa spoke on Tuesday, July 7, 2026, at the EFCC headquarters in Abuja, where a delegation from the ministry received beds and mattresses recovered during a cybercrime operation and forfeited to the Federal Government.
“Chairman, I commend you for bringing the highest standards to the EFCC,” Alausa said.

The items, comprising 501 double-step bunk beds, 939 mattresses, and 12 wooden beds with mattresses, were recovered during a special operation code-named Operation Eagle Flush.
Olukoyede said the handover reflected the Commission’s commitment to ensuring that proceeds of crime are used to benefit Nigerian children and youths. He disclosed that 792 suspects, including 193 foreign nationals, were arrested and investigated in connection with the operation. According to him, the suspects were subsequently convicted and, in the case of the foreign nationals, deported to their respective countries.
The minister praised President Bola Ahmed Tinubu’s judgment in appointing Olukoyede to lead the Commission three years ago. He said the President has consistently demonstrated an unmatched ability to identify the right people for critical national assignments.
“President Bola Tinubu once said he would never assign someone to a responsibility he did not believe they could handle. Today, Mr. President is the best talent hunter in this country, and perhaps even in the world.
“When he appointed Mr. Ola Olukoyede to lead the EFCC, the President knew exactly what he was doing,” Alausa said. “Today, three years later, we have the cleanest EFCC in the history of this country.”
Alausa said the Commission under Olukoyede has not been used to victimise or harass innocent citizens but has instead operated strictly within the confines of the rule of law.
“And it is not an EFCC that the President will use to victimise and harass innocent citizens,” Alausa said. “We have never seen that in the last three years. We have an EFCC that operates within the confines of the rule of law.”
Commenting further on Olukoyede’s performance, the minister noted that he has transformed the Commission from a largely reactive anti-corruption agency into one that proactively identifies and addresses the country’s major corruption risks. He observed that procurement remains the largest source of corruption within government.
“Beyond trying to be proactive in fighting corruption and identifying where the greatest burden of corruption lies, the biggest area of corruption in government has to do with procurement. He has worked assiduously to help reduce that in a proactive rather than a reactive manner. That is what leadership is all about,” the minister said.
Alausa further explained that the beds and mattresses would be distributed to unity colleges across the country. He added that the education sector has been one of the biggest beneficiaries of the Commission’s asset recovery efforts under Olukoyede’s leadership.
Speaking on the rationale behind the handover, the EFCC Chairman stated that the decision to transfer the items to the Federal Ministry of Education aligns with the Federal Government’s commitment to improving the quality of education in Nigeria.
“The decision to hand over these facilities to the Federal Ministry of Education is in line with the Federal Government’s determination to improve the quality of education in Nigeria,” he said.
According to him, President Bola Ahmed Tinubu approved the gesture with the understanding that children and young people are the greatest victims of corruption and should therefore be the primary beneficiaries of recovered assets.
“Children and youths are the greatest victims of corruption and should naturally be the first beneficiaries of the proceeds of crime,” Olukoyede said.
The EFCC Chairman explained that the handover, carried out in accordance with the provisions of the Proceeds of Crime Act and with the approval of the Federal Government, is part of the Commission’s continued support for the education sector. He cited the transfer of ₦50 billion in recovered funds to the Nigerian Education Loan Fund (NELFUND) and the conversion of Nok University into the Federal University of Applied Sciences, Kachia, Kaduna State.
He said such initiatives expand educational opportunities and promote social advancement for Nigerian youths. Olukoyede added that the Commission would continue to recover proceeds of crime and ensure that recovered assets are deployed judiciously, transparently, and effectively for the benefit of all Nigerians.
“In line with the provisions of the Proceeds of Crime Act and with the approval of the Federal Government, this gesture is a continuation of our support for the education sector, including the transfer of ₦50 billion in recovered funds to the Nigerian Education Loan Fund (NELFUND) and the conversion of Nok University into the Federal University of Applied Sciences, Kachia, Kaduna State,” he said.

EFCC
FBI Commends Olukoyede, EFCC for Support in Tackling Sextortion, Cybercrime
The Federal Bureau of Investigation (FBI) has commended the Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, and the Commission for their efforts and vital role in Operation Artemis, a joint international effort to disrupt financially motivated sextortion networks targeting minors.
The commendation was conveyed in a letter signed by FBI Director Kash Patel, who praised the Commission for its collaboration with the Bureau in the arrest and extradition of suspects facing federal charges in the United States.
In the letter addressed to Olukoyede, Patel acknowledged the Commission’s contribution to the operation, stating that “the Economic and Financial Crimes Commission, EFCC, has played a vital role in Operation Artemis, a joint effort focused on disrupting financially motivated sextortion rings targeting juveniles.”
He said that, under Olukoyede’s leadership, the EFCC designated personnel to support the investigations and facilitate the transfer of suspects from Nigeria to face prosecution in the United States.
Specifically, the FBI Director commended the EFCC for apprehending Adebola Festus Adekunle and Mudashiru Afeez Olawale, who were indicted in the United States in 2023 over allegations relating to the sexual exploitation and extortion of minors.
The two suspects were extradited to the United States in August 2026, with the EFCC facilitating the process following investigations and extradition proceedings. They are facing federal charges relating to sexual exploitation in cases involving the deaths of minors.
Patel noted that the successful outcome of the cases would not have been possible without the EFCC’s assistance and commitment to international law enforcement cooperation.
“The successful outcome of these cases would not have been possible without your assistance and dedication to international law enforcement collaboration,” he said.
The FBI Director further expressed appreciation to Olukoyede and the Commission for their commitment to justice and continued cooperation, while expressing optimism about strengthening the partnership between both agencies.
“Please accept my sincere appreciation for your commitment to justice and steadfast cooperation. I look forward to the continued partnership with the EFCC,” he stated in the letter.
The extradition of Adekunle and Olawale followed FBI investigations into separate sextortion schemes targeting male minors in the United States. The investigations linked the alleged activities to two teenage victims who died by suicide after being subjected to online sexual exploitation and extortion.
EFCC
EFCC Photo News
The Japanese Ambassador-Designate to Nigeria, His Excellency, Hideo Suzuki Paid a Courtesy Visit to the Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede in his office today, October 28, 2026. He was accompanied on the visit by First Secretary, Security, Yuji Murakami and Senior Information Analyst, Dogara Ankut.


EFCC
₦2.7bn Fraud: Court Jails Former Banker for 39 Years
Justice O. O. Abike-Fadipe of the Special Offences Court sitting in Ikeja, Lagos, on Tuesday, October 27, 2026, sentenced a former banker, Christopher Jackson Edeh, to a total of 39 years’ imprisonment for his involvement in a ₦2.7 billion fraud prosecuted by the Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC).
Edeh, who was arraigned on February 28, 2024, faced nine counts bordering on fraudulent false accounting and unauthorised access to a computer system.
The charges alleged that he altered the bank account details of several customers and government-related entities, including the Kano State Government Power Intervention Fund, NNPC Trading Limited, Stallion Vision Ltd, the Lagos State Government Blue Line, the State Contributory Pension Account and Chukwuemeka Odumegwu Ojukwu University, with intent to defraud.
During the trial, prosecuting counsel, Z. B. Atiku, called three witnesses and tendered several documents in evidence to establish the case against the defendant. The defence, in turn, called one witness.
In her judgment, Justice Abike-Fadipe held that the prosecution had proved its case beyond reasonable doubt and consequently convicted Edeh on all nine counts.
The court sentenced him to five years’ imprisonment without an option of fine on each of counts one to seven, bordering on fraudulent false accounting, and two years’ imprisonment without an option of fine on each of counts eight and nine, relating to unauthorised access to a computer system with intent to facilitate the commission of crimes.
The court ordered that all the sentences run concurrently.
-
EFCC7 months agoAlleged ₦1.4bn Oil Fraud: EFCC Re-Arraigns Nadabo Energy Boss, Ali Peters, Firm in Lagos
-
EFCC1 week agoAlleged ₦1.06bn Fraud: EFCC Secures Court Order to Freeze Suspect’s Account
-
News8 months agoAgain, Dangote Refinery Hikes Petrol To ₦1,175/Litre, Diesel To ₦1,620/Litre — Report
-
News9 months agoSenate Retains Two-Year Jail Term for PVC Trading, Raises Fine to ₦5m
-
EFCC8 months agoLagos Court Jails Man 18 Months for Defrauding Sterling Bank of ₦30m
-
EFCC4 weeks agoEFCC Hands Over Recovered ₦107m to Property Fraud Victim in Lagos
-
Economy8 months agoNaira Rebounds To ₦1,363.5/$
-
Economy8 months agoNaira Closes in the Red at ₦1,341.35/$
