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Assets recovery: Nigeria has a lot to teach the world – Saudi Arabia, Others


Nigeria has been commended for its determination and zeal in tracing and recovery of criminal assets.

The commendation was made during a bilateral meeting between the Acting EFCC Chairman, Ibrahim Magu and Nassar Abaalkhail, Head of International Collaboration, National Anti-Corruption Commission, Saudi Arabia.

The meeting was sequel to the delivery of a paper by Magu on Wednesday, November 8, 2017, at the ongoing 7th Session of Conference of the States Parties to the United Nations Convention Against Corruption holding in Vienna, Austria.

“From what I have heard, Nigeria’s effort at asset tracing is remarkable. Nigeria is indeed a role model for countries, including developed countries. We have so much to learn from Nigeria”, he said.

Iranian National Focal Point for the United Nations Convention Against Corruption, Mohsen Mardal also commended the Nigerian presentation.

The Commissioner, Sierra Leone Anti-Corruption Agency, Ady Macauley, also said “the Economic and Financial Crimes Commission, ably represented by Magu, is not only formidable, but a pride to the African States.

“My men were in Nigeria a fortnight ago to understudy your operations, I must confess, we have a lot to learn in investigation, prosecution and asset recovery.

In his presentation, Magu who was a panelist at the Implementation Review Group attended by over 100 delegates, had detailed the Nigerian efforts in asset recovery, including the progress made in the specific cases related to Abacha loot, Malabu Oil, Diezani & Associates and the Arms procurement scandal. These efforts, he said cut across Switzerland, USA, UK, UAE, Jersey Island and Panama.