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FG collaborating with various jurisdictions on asset recovery – Malami Assets

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Federation Attorne

Federation Attorney General and Justice Minister Abubakar Malami, SAN, says Nigeria is collaborating with various jurisdictions in their efforts to recover stolen assets hidden abroad.

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Conference of States Parties

Malami unveiled it at the ninth session of the Conference of States Parties to the United Nations Convention against Corruption (UNCAC) held in Sharm El Sheik, Egypt.

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The minister, in a statement, Gwandu, his special assistant in media and public relations, said on Monday that the essence was to further highlight the importance of transparency of the beneficial owners.

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Saudi Arabia

He said that Nigeria, together with Pakistan, the State of Palestine, Peru, Saudi Arabia and Kenya introduced a draft resolution entitled: “Improve access to and use of beneficial ownership information” to facilitate the identification, recovery and return of assets. .

He said that significant progress had been made in efforts to combat corruption in Nigeria.

“We will continue to make significant progress in our efforts to prevent and combat corruption, block leaks and recover our stolen assets,” he said.

Justice Minister Abubakar Malami

He recalled that Justice Minister Abubakar Malami, SAN, says Nigeria is collaborating with various jurisdictions in their efforts to recover stolen assets hidden abroad. Laws and acts have been enacted to better combat corruption in the country.

Criminal Justice System

“An effective Criminal Justice System is necessary to investigate and punish corruption. Nigeria, implementing the Justice Sector Reform Strategy, is actively involved in international cooperation mechanisms, mutual legal assistance and reform of the criminal justice system.

Mutual Legal Assistance

“We recently enacted a Law on Mutual Legal Assistance in accordance with the recommendations of the UNCAC review, and we also enacted the Law on the Nigerian Law on the Faculty Intelligence Unit, to create an independent Faculty Intelligence Unit,” he said.

Source: NAN

https://nnn.ng/naira-black-market-exchange-rate-today/

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