The Economic and Financial Crimes Commission on Wednesday handed over N3.9 billion in recovered proceeds of fraud to the Nigerian National Petroleum Company Limited.

In a statement, the anti-graft agency said the funds were officially presented on behalf of EFCC Chairman Ola Olukoyede by the Commission’s Secretary, Mohammed Hammajoda, during a ceremony at its headquarters in Abuja.

Hammajoda said the funds were recovered through investigations that exposed fraudulent dealings involving some actors within the Nigerian National Petroleum Company Limited, uncovered by the Economic and Financial Crimes Commission.

“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,” he said.

Speaking on behalf of the Nigerian National Petroleum Company Limited, Executive Vice President (Downstream), Mumuni Dagazau, commended the Economic and Financial Crimes Commission for its role in recovering the funds, noting that the collaboration reflects “the core unity that exists in our system.”

“The 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 team that handled this, it was something I was really proud of. I was also happy that we brought it to the EFCC to help and support us.
“We are very excited. For me, this is a great day for us. We will continue to rely on you for assistance, and this is a real commitment for us moving forward,” Dagazau said.

Recall the EFCC earlier this year arraigned two individuals over their alleged involvement in a N600 million job scam linked to the Nigerian National Petroleum Company Limited.

In a statement posted on X on February 9, 2026, the Commission said the suspects were charged before the Federal Capital Territory High Court in Abuja for fraud, obtaining money by false pretence, and forgery, as part of efforts to tackle employment-related scams.

They were arraigned on an amended six-count charge, accusing them of defrauding a victim of N603.4 million after falsely claiming they could secure her appointment as Group Managing Director of the former Nigerian National Petroleum Corporation.

The Commission stated that the alleged offences breach provisions of the Advance Fee Fraud and Other Fraud-Related Offences Act, as well as the Penal Code Law on forgery.