AGF Speaks on Recovery of Loots, Claims It Is Not Subject to Domestic Laws
- Nigerians have been told by the AGF that recovery of loot can not be affected by laws made in Nigeria
- This was disclosed by the office of the Attorney General of the Federation in a statement on international recoveries
- According to him, the use of the funds are always governed by international agreement with the countries responsible for the return of such assets
Nigerians have been lectured on rules governing returned loots. The lecture was subtly given by the office of the Attorney General of the Federation.
According to the office, international recoveries are not governed by local legislation.
The office said international conventions, negotiations, and agreements between parties involved pray prominent roles is such cases, Punch Newspaper reports.
Source: Facebook
This was was disclosed in a statement issued by the special assistant on Media and Public Relations to the AGF, Jibrilu Gwandu, The Nigerian lawyer added.
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The statement read in part:
“It is, therefore, misleading to give the impression that such recoveries and usage of stolen funds stashed abroad are provided for by the Revenue Mobilization, Allocation and Fiscal Commission Act.
“The recovery of stolen assets and the subsequent uses to which these funds may be employed are subject to international agreements between Nigeria and the affected countries, thereby bringing conflict of laws into contemplation.”
FG won’t need external loans if foreign countries return stolen funds - ICPC
In another report, the Independent Corrupt Practices and other related offences Commission (ICPC) says Nigeria won’t need external loans if stolen monies stashed away in foreign banks by corrupt politicians and heads of state are repatriated.
The spokesperson of the anti-graft agency, Azuka Ogugua, stated this on Monday, July 12, in Abuja while speaking on the occasion of the 2021 African Union Anti-Corruption Day marked every July 11.
President Muhammadu Buhari-led administration has been grappling with funds and has incurred over N20.8tn debt since it came into power in May 2015, citing data by the Debt Management Office.
Publish assets of public servants, ICPC tells CCB
Meanwhile, Legit.ng earlier reported that the ICPC called for the publication of assets declared by the public and civil servants by the Code of Conduct Bureau (CCB).
The anti-graft agency said this would help in curbing corruption and corrupt practices in the public sector.
Ogugua, the commission’s spokesperson, in a statement sent to Legit.ng, quoted the chairman of ICPC, Prof. Bolaji Owasanoye, as stating this during a meeting with the chairman and board members of the CCB.
Source: Legit.ng
