Nigeria Scam & Fraud Statistics
Nigeria's Economic and Financial Crimes Commission (EFCC) secured a record 4,111 convictions and recovered NGN 364.6 billion in assets in 2024, reflecting intensifying enforcement against financial crime.
Last reviewed: 1 June 2026
The Economic and Financial Crimes Commission (EFCC) is Nigeria's principal anti-fraud agency. It publishes conviction and asset-recovery statistics, though comprehensive national victim-loss totals are not routinely published. Figures below reflect EFCC enforcement outcomes and historical loss estimates from official EFCC statements.
All naira amounts are Nigerian naira (NGN). The EFCC's 2024 figures represent record enforcement results and do not capture undetected or unreported fraud.
Key figures
4,111 convictions
EFCC criminal convictions in 2024 — a historic record
Source: EFCC Official Press Release 2024 (2024)
NGN 364.6 billion recovered, plus USD 214.5 million in foreign currency
Total monetary recoveries by EFCC in 2024
Source: EFCC Annual Performance Statistics 2024 (2024)
Nigeria lost more than USD 500 million to cybercrime in 2022
Historical cybercrime loss estimate from EFCC official statement
Source: EFCC statement, reported by News Agency of Nigeria, October 2024 (2022)
Key takeaways
- The EFCC's 4,111 convictions in 2024 were the highest in the commission's history, reflecting a significant escalation in prosecution of financial crime.
- Asset recoveries of NGN 364.6 billion and USD 214.5 million in 2024 indicate the scale of proceeds flowing through financial crime in Nigeria.
- Nigeria is both a source and target of cybercrime; the EFCC arrested 194 foreign nationals in 2024 — including citizens of China and the Philippines — for running scam operations within Nigeria.
Frequently asked questions
How many fraud convictions did Nigeria secure in 2024?
Nigeria's EFCC secured 4,111 criminal convictions in 2024, the highest annual total in the commission's history, alongside NGN 364.6 billion in asset recoveries.
How do I report fraud to the EFCC?
Fraud can be reported to the EFCC via its official website at efcc.gov.ng or through the toll-free line 0800-CALL-EFCC (0800-2255-3322).