Overseas loot: FG submits draft resolution on recovery to int’l community

The Federal Government has commenced collaboration with various jurisdictions in its efforts to recover stolen assets stashed abroad, the Attorney-General of the Federation and Minister of Justice, Abubakar Malami, (SAN), has said.

According to him, with Pakistan, Palestine, Peru, Saudi Arabia and Kenya, Nigeria had submitted a draft resolution entitled, ‘Enhancing access to and the use of beneficial ownership information to facilitate the identification, recovery and return of assets, to further highlight the importance of beneficial ownership transparency.

The AGF, according to a statement issued on Monday night by his Special Assistant (Media and Public Relations), Dr. Umar Gwandu, stated these at the 9th session of the Conference of States Parties to the United Nations Convention Against Corruption in Sharm El Sheik, Egypt.

Malami said, “Significant progress has been recorded in the efforts to combat corruption in Nigeria.”

He said, “We have continued to make significant progress in our efforts to prevent and combat corruption, block leakages and recover our stolen assets.”

The AGF recalled that new laws and acts have been enacted by the Federal Government to better combat corruption in the country.

“We recently enacted a Mutual Legal Assistance Law in line with the recommendations from the UNCAC review, and also enacted the Nigerian Financial Intelligence Unit Act to create a stand-alone Financial Intelligence Unit.”