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EFCC hands over N3.93bn to NNPC, says funds recovered from ‘certain individuals’ in oil firm


 The Economic and Financial Crimes Commission (EFCC) has handed over a total sum of N3.93 billion to the Nigerian National Petroleum Company (NNPC) Limited.

 

In a statement on Wednesday, the anti-graft agency said the presentation was made on behalf of Ola Olukoyede, executive chairman of the commission, by Mohammed Hammajoda, secretary to the commission, in a ceremony at the EFCC headquarters in Abuja.

 

“The Economic and Financial Crimes Commission (EFCC, on Thursday, March 18, 2026 handed over a total sum of N3,936,145, 822 ( Three Billion, Nine Hundred and Thirty Six Million, One Hundred and Forty Five Thousand, Eight Hundred and Twenty Two Naira) to the Nigeria National Petroleum Company, NNPC Ltd,” the statement reads.

 

In his remarks at the event, Hammajoda reaffirmed the commission’s commitment to combating economic and financial crimes.

 

 

He emphasised that the funds were recovered through thorough investigations and the professional exposure of fraudulent activities involving certain individuals within the NNPC.

 

“On behalf of the Executive Chairman, we will continue to put ourselves on the line to serve over 220 million Nigerians,” Hammajoda said.

 

“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.  So, on behalf of the EFCC, I present the sum of Three Billion, Nine Hundred and Thirty Six million, One Hundred and Forty Five Thousand, Eight Hundred and Twenty Two Naira to you.”

 

Receiving the funds on behalf of NNPC, Mumuni Dagazau, executive vice-president, downstream,  thanked the commission for its support in the recovery “which goes to show the core unity that exists in our system”.

 

“NNPC over the years has had its struggles and challenges and one thing we have always tried to do is correct the system. When the opportunity came for this recovery from your people that handled this,  it was something I was really proud of,” Dagazau said.

 

“I was also happy that we brought it to EFCC to help and support us.”

 

 

The executive vice-president expressed enthusiasm, noting that it was a significant day for all, and affirmed that the NNPC would continue to depend on the EFCC for support, emphasising that this represents a genuine commitment going forward.

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