The Economic and Financial Crimes Commission has transferred nearly ₦4 billion in recovered funds to the Nigerian National Petroleum Company Limited following investigations into financial misconduct.
The amount, totalling ₦3.94 billion, was formally handed over in Abuja during a brief ceremony at the commission’s headquarters.
Representing EFCC Chairman Ola Olukoyede, the agency’s secretary, Mohammed Hammajoda, said the recovery was the outcome of detailed probes into fraudulent dealings linked to individuals within the national oil company.
He reaffirmed the commission’s commitment to fighting corruption, noting that the agency would continue to pursue financial crimes despite the risks involved.
The funds were received by Mumuni Dagazau, Executive Vice President (Downstream) at NNPCL, who described the recovery as a positive step in ongoing efforts to reform the organisation.
Dagazau commended the EFCC for its role, adding that the company would continue working with the anti-graft agency to strengthen transparency and accountability.
The development highlights renewed collaboration between both institutions as authorities intensify efforts to recover stolen public funds and improve governance in Nigeria’s oil sector.
