The Economic and Financial Crimes Commission (EFCC) has handed over a bank draft of ₦42,500,000 (Forty-Two Million, Five Hundred Thousand Naira) to Mrs. Margret Taye Odofin, a 70-year-old widow and retiree, after recovering the funds fraudulently diverted from her account by her former bank account officer, Mrs. Kehinde Olawale Yusuf, an employee of one of the new generation banks.
Head, Media and Publicity of EFCC, Dele Oyewale, disclosed that the handover ceremony took place on Thursday, November 2025, at the Kaduna Zonal Directorate of the EFCC, where the Commission’s Acting Director, Bawa Kaltungo, presented the recovered funds to the victim on behalf of the Executive Chairman, Mr. Ola Olukoyede.
Mrs. Odofin had, in a petition to the EFCC in December 2024, alleged that her account and investment officer, Mrs. Yusuf, had lured her into investing in supposed high-yield schemes between November and December 2020, with the promise of a quarterly return of ₦1.7 million. Unknown to her, the banker was diverting funds for personal gain.
Investigations revealed that ₦47 million was illicitly transferred from the widow’s account to multiple destinations without authorization. Mrs. Yusuf later fled to the United Kingdom, but the EFCC successfully traced and recovered a substantial portion of the stolen funds despite her escape.
An emotional Mrs. Odofin expressed deep gratitude to the Commission and its Chairman for their intervention and commitment to justice.
“I cannot believe this because when we reported the case in the United Kingdom, they said the offence was committed in Nigeria and advised us to contact the EFCC. Today, God has used the Commission to wipe away my tears,” she said.
“I want to thank Mr. Ola Olukoyede for the excellent work he is doing. I will always speak for the EFCC because they have restored my hope. I pray that God continues to strengthen and guide the Commission.”
Speaking at the event, Mr. Kaltungo reaffirmed the EFCC’s dedication under Mr. Olukoyede’s leadership to ensuring justice for victims of financial crimes.
“We appreciate your trust in the EFCC. Recovering your money demonstrates our professionalism and determination to pursue justice within our mandate,” he said.
The EFCC continues to assure Nigerians of its unwavering commitment to protecting citizens from financial crimes and ensuring restitution for victims of fraud.
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