EFCC Recovers ₦500bn Assets Under Tinubu – Shettima!
Reported by Marian opeyemi Fasesan | Sele Media Africa
Vice President Kashim Shettima on Monday announced that the Economic and Financial Crimes Commission (EFCC) has recovered assets valued at over ₦500 billion during the first two years of President Bola Tinubu’s administration.
What We Know:
- Shettima made the disclosure at an anti-corruption symposium in Abuja.
- The recovered assets include cash, properties, and luxury items seized from corruption cases.
- He praised the EFCC for its efforts despite systemic resistance and legal bottlenecks.
Quote:
“In just two years, over ₦500 billion worth of assets have been reclaimed. This reflects our administration’s resolve to tackle corruption head-on.” — VP Kashim Shettima
Why It Matters:
- The figure underscores ongoing anti-graft efforts and could boost public confidence in accountability.
- Asset recovery is a major pillar in Tinubu’s governance and fiscal reform agenda.
- Transparency in how these assets are managed or reinvested remains a critical public concern.
What to Watch:
- Breakdown of recovered assets and how they’re being repurposed.
- Legal proceedings against individuals involved.
- Calls for stronger asset declaration and recovery frameworks.
Sources:
- EFCC Press Brief – Oct. 21, 2025
- Vanguard News
- Office of the Vice President – Anti-Corruption Event Transcript
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