Crime News

EFCC and ICPC stripped of powers to seize assets in corruption cases

Advertisements

NIGERIA – A recently published government gazette has stripped the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices And Other Related Offences Commission (ICPC) of the powers to seize assets of people being investigated.  

According to the gazette, Vol. 106, No 163, titled, “Asset Tracing, Recovery and Management Regulation 2019’’, dated October 29, 2019 such powers have now been transferred to the Office of the Attorney-General of the Federation (AGF).    

Until now, the EFCC and the ICPC had the powers to initiate non-conviction based forfeiture.

“All non-conviction based forfeiture shall be conducted by the Office of the Attorney-General of the Federation.

“Where a non-conviction based forfeiture procedure arises, the LEA (Law Enforcement Agency) and ACAs (Anti-Corruption Agencies) shall transfer the matter to the Office of the AGF,’’ the gazette states.

In addition, all seized assets shall be registered by all the Ministries, Departments and Agencies of government while all final forfeited assets recovered by agencies shall be handed over to the AGF within 60 days from the commencement of the regulations of management.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: