FG has built global consensus on asset recovery – Malami

FG has built global consensus on asset recovery – Malami

December 14, 2021 Current Affairs 0

Attorney General of the Federation and Minister of Justice, Abubakar Malami (SAN) said that Nigeria was collaborating with various jurisdictions in its efforts to recover stolen assets stashed abroad.

Malami made this known at the 9th session of the Conference of States Parties to the United Nations Convention Against Corruption (UNCAC), holding in Sharm El Sheik, Egypt.

In a statement by Dr Umar Jibrilu Gwandu, the media assistant to the minister, Malami said with Pakistan, State of Palestine, Peru, Saudi Arabia and Kenya, Nigeria 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.

Malami said significant progress had been recorded in the efforts to combat corruption in Nigeria.

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

Malami recalled that new laws and acts had been enacted by Nigeria to better combat corruption in the country.

“In realization that an effective Criminal Justice System is necessary for investigation and sanctioning corruption, Nigeria implementing the Justice Sector Reform Strategy covering issues such as for investigating is actively International Cooperation Mechanisms, Mutual Legal Assistance and reform of the Criminal Justice System.

“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,” he said.

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