Nigeria Scam & Fraud Statistics
Nigeria's EFCC secured a record 4,111 convictions and recovered NGN 364.6 billion in 2024, its strongest published year of enforcement against financial crime.
Last reviewed: 7 July 2026
The Economic and Financial Crimes Commission (EFCC) is Nigeria's principal anti-fraud agency. Its most recent published results cover 2024, when it secured a record 4,111 convictions and recovered NGN 364.6 billion alongside USD 214.5 million in foreign currency; 2025 global benchmarks from the FBI are shown for context.\n\nThe EFCC publishes conviction and asset-recovery statistics, but comprehensive national victim-loss totals are not routinely published, so these figures reflect enforcement outcomes rather than the full scale of fraud. All naira amounts are Nigerian naira (NGN) and are not converted. The 2024 record results do not capture undetected or unreported fraud.
Key figures
Americans aged 60 and over filed 201,266 complaints and reported $7.7 billion in losses in 2025
Global context — older adults bear the greatest share of US internet-crime losses
Source: FBI IC3 2025 Internet Crime Report (2025)
$929,287,469 in confidence/romance fraud losses across 23,159 complaints in 2025
Global context — romance-scam losses reported to the FBI IC3
Source: FBI IC3 2025 Internet Crime Report (2025)
$893,346,472 in losses across 22,364 complaints flagged as AI related in 2025
Global context — AI-driven fraud losses reported to the FBI IC3
Source: FBI IC3 2025 Internet Crime Report (2025)
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)
More than $12.5 billion in fraud losses reported to the FTC in 2024, a 25 percent increase over 2023
Global context — FTC total reported fraud losses (US)
Source: FTC Consumer Sentinel Network Data Book 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).