EFCC PROMISES UP TO 5% REWARD FOR TIPS ON NIGERIAN ASSETS ABROAD
The Economic and Financial Crimes Commission (EFCC) has announced a reward of between 2.5 per cent and 5 per cent for whistleblowers who provide credible information that leads to the recovery of Nigerian assets allegedly stolen and taken abroad.
EFCC Chairman Ola Olukoyede disclosed this on Wednesday, August 26, 2026, while speaking at the 43rd International Symposium on Economic Crime in Cambridge, United Kingdom.
Olukoyede urged individuals with reliable information about Nigerian monetary or non-monetary assets allegedly hidden in foreign countries to approach the commission, assuring them that successful tips could earn them a percentage of the recovered assets.
He said the incentive was introduced to encourage more people to provide useful intelligence that could assist the government in tracing and recovering proceeds of corruption moved outside the country.
The EFCC chairman also revealed that the commission had recovered and forfeited cash and assets worth more than $500 million to the Nigerian government since he assumed office less than three years ago.
According to him, the commission’s asset recovery efforts have been strengthened by effective investigations, judicial cooperation and access to credible intelligence.
Olukoyede also highlighted Nigeria’s non-conviction-based asset forfeiture system, which allows authorities to seek the forfeiture of assets suspected to be proceeds of crime without waiting for a criminal conviction.
He cited several major recoveries, including an aircraft, a university, estates and residential properties allegedly connected to proceeds of crime.
Among the recoveries were 752 housing units linked to former Central Bank of Nigeria Governor Godwin Emefiele.
He also disclosed that investigations involving former Attorney-General of the Federation and Minister of Justice, Abubakar Malami, resulted in the identification of 57 properties allegedly linked to him, with 48 already forfeited.
Olukoyede said stronger international cooperation and credible information remain critical to the EFCC’s efforts to trace and recover illicit Nigerian assets transferred to other countries.
