The Economic and Financial Crimes Commission (EFCC) has offered whistleblowers a reward of between 2.5 and 5 percent for credible information leading to the recovery of Nigerian assets allegedly stolen and concealed abroad.
Gatekeepers News reports that EFCC Chairman Ola Olukoyede announced the incentive on Wednesday, August 26, 2026, while delivering a lecture at the 43rd International Symposium on Economic Crime in Cambridge, United Kingdom.
Olukoyede urged individuals with actionable intelligence on monetary and non-monetary assets allegedly stolen from Nigeria and transferred to foreign countries to come forward.
He said the initiative was intended to encourage the public to provide information that could assist the commission in tracing and recovering illicitly acquired assets.
“I welcome all of you to the world of whistleblowing. If any one of you is privy to where Nigerian assets are stolen or taken to anywhere in the world, we have an incentive for you; between 2.5% and 5%, it’s going to go back to you upon recovery,” he said.
“That is an incentive we have put in place to encourage people to come forward to give information about stolen assets. You never tell if you give any information here, some of you may leave this place, multi-millionaire in your lifetime.”
EFCC recovers over $500m in cash, assets
The EFCC chairman also disclosed 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.
He attributed the recoveries to effective investigations, judicial support and access to credible intelligence.
Olukoyede also highlighted Nigeria’s use of non-conviction-based asset forfeiture, which allows authorities to pursue assets suspected to be proceeds of crime without waiting for a criminal conviction.
He cited several major recoveries involving an aircraft, a university, estates and houses allegedly linked to proceeds of crime.
Among the recoveries, he mentioned 752 housing units linked to former Central Bank of Nigeria Governor Godwin Emefiele, as well as properties allegedly connected to former Attorney-General and Minister of Justice, Abubakar Malami.
According to Olukoyede, investigations into Malami led to the identification of 57 properties, with 48 so far forfeited.
The Cambridge symposium is an annual gathering of economic crime and anti-corruption experts from around the world. Olukoyede delivered his presentation on the third day of the weeklong event.
