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EFCC And ICPC Stripped Of Powers To Seize Assets In Corruption Cases.

Online Timi

  • Gender: Male
    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.

 
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