EFCC Chairman Ola Olukoyede stated on 2026-07-13 that the commission dismissed more than 40 staff members for corruption and financial malpractice in the past two and a half years. ^[1] The EFCC recovered N1.23 trillion ($684.48 million) in proceeds of crime between October 2023 and July 2026, according to Premium Times. ^[2] Nigeria's Economic and Financial Crimes Commission (EFCC) chairman Ola Olukoyede announced the dismissal of more than 40 employees for alleged corruption and financial misconduct over the past three years. ^[3] Zambian President Hakainde Hichilema was sworn in for a second five-year term following the August 13 election where he received 60% of the vote. ^[4] Of the recovered proceeds, N397.26 billion was recovered directly for the Federal Government, while N836.35 billion went to individuals, companies, and government agencies. ^[5] Ola Olukoyede disclosed that more than five of the dismissed officers are currently facing prosecution, while case files are being prepared against others. ^[6] Between October 2023 and July 2026, the EFCC received 49,673 petitions, investigated 39,615 cases, filed 14,476 cases in court, and secured 10,872 convictions. ^[7] Olukoyede said the commission recovered 1.23 trillion naira ($925m, £683m) since he took the helm in October 2023. ^[8] Ola Olukoyede reported that the commission recovered a total of N1.23 trillion, approximately $684.48 million, between October 1, 2023, and June 30, 2026. ^[9] Ola Olukoyede told journalists at the briefing in Abuja that he had asked them to dismiss over 40 staff on account of corruption and financial malpractice in the past two and a half years or three years of his service. ^[10] The EFCC chairman stated that the commission recovered 1.23 trillion naira and secured a 75 percent conviction rate. ^[11] Olukoyede stated that the commission's approach is increasingly focused on preventing suspicious transactions from being completed rather than waiting for funds to disappear before taking action. ^[12]