The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr Ola Olukoyede, has called on whistleblowers around the world to provide the Commission with useful and actionable intelligence on monetary and non-monetary assets allegedly stashed abroad by corrupt Nigerians.
Olukoyede made the call on Wednesday, August 26, 2026, while delivering a lecture at the Cambridge International Symposium on Economic Crime in the United Kingdom.
He urged anyone with information on the location of Nigerian assets allegedly stolen or taken abroad to come forward and assist the country in recovering them, assuring whistleblowers of financial incentives for useful information that leads to asset recovery.
“I welcome all of you to the world of whistleblowing. If any one of you is privy to where Nigerian assets are stolen or taken to anywhere in the world, we have an incentive for you; between 2.5 per cent and 5 per cent, it’s going to go back to you upon recovery,” he said.
Olukoyede said the incentive was introduced to encourage individuals with credible information to come forward, adding that some whistleblowers could receive substantial financial rewards if their information resulted in successful asset recovery.
The EFCC chairman, who received a warm reception from participants, said that in less than three years of assuming office, the Commission had recovered cash and assets worth more than $500 million for the Nigerian government.
“Within three years of my assumption of office, we’ve been able to forfeit both cash and assets worth over half a billion dollars to the government,” he said.
According to him, the recoveries were made possible through the resourcefulness and professionalism of EFCC investigators, a virile judiciary and access to credible intelligence.
Olukoyede also highlighted Nigeria’s non-conviction-based asset forfeiture framework, which he said was similar to systems in countries such as Australia and Canada.
He explained that the framework enables the Commission to seek the forfeiture of assets suspected to be proceeds of crime without necessarily waiting for a criminal conviction.
“We have similar to what is obtainable in Australia and Canada that empowers us to apply the forfeiture to proceeds of what is suspected to be proceeds of crime,” he said.
The EFCC chairman said the approach had resulted in the forfeiture of several assets suspected to be proceeds of crime, including an aircraft, a university, estates and houses.
He specifically cited the recovery of 752 housing units linked to former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, as well as investigations involving former Attorney-General of the Federation and Minister of Justice, Abubakar Malami, SAN.
According to Olukoyede, the investigation into Malami’s assets led to the forfeiture of 48 out of 57 properties allegedly linked to him.
“Sometimes last year, I opened investigations upon reasonable suspicion of criminal abuse of office by the immediate past Attorney-General of Nigeria. We discovered that within eight years of his being in office, we were able to trace about 57 such properties to him. We’ve been able to forfeit about 48,” he said.
The 43rd International Symposium on Economic Crime, held annually in Cambridge, brings together anti-corruption experts, law-enforcement officials, academics and other stakeholders from around the world to discuss issues relating to economic and financial crime.
Olukoyede’s presentation was delivered on the third day of the week-long symposium.
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