Nigeria’s anti-corruption agencies have recovered roughly N900 billion in stolen assets over the last two decades, a new report by pro-democracy group, theIn the report titled, ’20 years of Anti-Corruption efforts in Nigeria,’ the group chronicles significant achievements of the federal government’s leading agencies established to mitigate the endemic corruption in Nigeria, over the last two decades.
”Nigeria’s anti-corruption agencies have also recovered roughly N900 billion in stolen assets over the last two decades. Asset forfeiture—whether through a criminal conviction or via civil action—has become the primary mechanism for depriving corruption suspects of the material gain from their alleged financial or economic crime.
This, it said, demonstrated anti-corruption agencies’ acknowledgement of their failures managing the recovered assets. “Out of Nigeria’s three main anti-corruption agencies, the EFCC plays the most prominent and impactful role. Larger and better funded than the ICPC and Code of Conduct Bureau ,“It enjoys a broad range of investigatory and law enforcement powers. Roughly 3,000-strong, the EFCC is mostly staffed by seconded police personnel.
Last year, the group in its five-year assessment report of the achievements and gaps in the anti-corruption programme titled, ‘The Buhari’s Report Card C for corruption,’ accused the government of President Buhari of constantly protecting “many notorious kleptocrats” within the administration and the ruling All Progressives Congress party for corruption.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.