EFCC Chairman Olukoyede Vows No Mismanagement of Recovered Assets, Rejects Single Agency Model

EFCC Chairman Ola Olukoyede announced that any assets recovered by the commission would not be mismanaged under his leadership. In a statement to Punch Nigeria, he emphasized a commitment to transparency and accountability in handling recovered funds. Olukoyede also expressed opposition to consolidating asset management into a single agency, arguing that a diversified approach would better safeguard recovered assets. The chairman’s pledge comes amid ongoing efforts by the Economic and Financial Crimes Commission to recover funds tied to corruption and financial crimes across Nigeria. By insisting on stringent oversight, Olukoyede signals a shift toward more rigorous internal controls and a potential reevaluation of how recovered assets are administered. His comments may prompt policymakers to reconsider the structure of asset management and reinforce the commission’s role in ensuring recovered funds serve public interest.