Corruption: CISLAC calls for clear guidelines on recovered assets

By Adeola Tukuru


Civil Society Legislative Advocacy Centre (CISLAC), yesterday called on the for urgent action on asset recovery guidelines and transparency in the end-use of recovered assets.
The group in a press statement issued by the Executive Director, Auwal Ibrahim Musa, in Abuja, noted that the anti-corruption summit in London in 2016 prompted the government to make two specific commitments in re gards to asset recovery: i) strengthening of the asset recovery legislation through the passing of the Proceeds of Bill to provide for transparent of returned assets and non-conviction based approach to asset recovery, ii) developing internationally endorsed guidelines for the transparent and accountable of returned stolen assets.
According to him, “We observe that there is little information and absence of clear guidelines on how these recovered assets are utilised to compensate the of ongoing looting of public and for the benefit of the citizens.”
He further noted that, despite the undeniable progress on recovered assets domestically and internationally, the of recovered assets still operates under fractioned legislative framework and unclear or absent policy guidelines.
Auwal said the mandates of a number of anti-corruption agencies in regards to the asset recovery overlap. It remains unclear, which of the many anti-corruption institutions takes a lead in the coordination of asset recovery efforts.
“Crucial with a potential to establish an acceptable asset recovery management framework such as the Proceeds of Bill (2014) is stalled without explanation.
“The recent suspension of Nigeria from the elite EGMONT group of financial intelligence agencies is ample of chaotic institutional structure in the anti-corruption domain beset by inexplicable inter-agency rivalry and lack of coordination of the anti-corruption effort.
“We demand that clear guidelines are established on the use of recovered assets with priority given to the and education sector. This can be done through supplementary appropriation Bill to the National Assembly,” he said.


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