A government gazette just
published 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, entitled, “Asset Tracing, Recovery and Management Regulation
2019’’, dated Oct. 29, 2019 such powers have now been transferred to the Office
of the Attorney-General of the Federation (AGF).
Hitherto, 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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