EFCC AND PROCEEDS OF CRIMES

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3736bc61 efcc EFCC AND PROCEEDS OF CRIMES

The EFCC must be transparent and accountable to the public

The report that the Economic and Financial Crimes Commission (EFCC) has given a building in Abuja recovered from the late ex-Chief of Air Staff, Alex Badeh to the Voice of Nigeria (VON) has again betrayed the loose ends in the nation’s anti-corruption policy. It has particularly exposed the challenge of managing proceeds of crimes in Nigeria. This challenge remains because there is no Act of National Assembly spelling out, in comprehensive manner, what should be done with recovered properties.

The questions many Nigerians are asking are: does the EFCC have the power to deal with proceeds of crimes as it deems fit? Is there a comprehensive register of legally forfeited assets in the EFCC’s care? If they have that inventory, it should be made public. You can’t fight corruption with lack of accountability. Also, if such assets are to be disposed of, shouldn’t it be by a transparent process…



Source: Thisday Newspaper