Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,194,739 members, 7,955,811 topics. Date: Sunday, 22 September 2024 at 03:45 PM

EFCC, ICPC Stripped Of Powers To Seize Assets In Corruption Cases - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / EFCC, ICPC Stripped Of Powers To Seize Assets In Corruption Cases (578 Views)

Rufai: GRV Doesn’t Have Experience; Obi: Yes, He Has No Experience In Corruption / Amaechi On Loan: China Can Seize Assets If Nigeria Defaults / EFCC And ICPC Stripped Of Powers To Seize Assets In Corruption Cases (2) (3) (4)

(1) (Reply) (Go Down)

EFCC, ICPC Stripped Of Powers To Seize Assets In Corruption Cases by Racoon(m): 7:25pm On Nov 07, 2019
Attorney General of the Federation and Minister of Justice, Abubakar Malami: now as the sole power to seize assets

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.

https://www.pmnewsnigeria.com/2019/11/07/efcc-icpc-stripped-of-powers-to-seize-assets-in-corruption-cases/

Re: EFCC, ICPC Stripped Of Powers To Seize Assets In Corruption Cases by Barondenigeria: 7:29pm On Nov 07, 2019
Two sides of the same coin
Re: EFCC, ICPC Stripped Of Powers To Seize Assets In Corruption Cases by Monogamy: 7:34pm On Nov 07, 2019
Ok.. We are waiting for as how AG is going to handle the property issues
Re: EFCC, ICPC Stripped Of Powers To Seize Assets In Corruption Cases by Racoon(m): 7:37pm On Nov 07, 2019
Government of one-day one problem.Why this sudden volte face? Perhaps the AGF have something up his sleeves.

So what happened to all the assets that have been seized in this same regard? Policy somersault everyday.Fingers crossed.

1 Like

Re: EFCC, ICPC Stripped Of Powers To Seize Assets In Corruption Cases by Stalwert: 7:39pm On Nov 07, 2019
[s]
Racoon:
Government of one-day one problem.Why this sudden volte face? Perhaps the AGF have something up his sleeves.

So what happened to all the assets that have been seized in this same regard? Policy somersault everyday.Fingers crossed.
[/s]

I just comment syndrome, even if it is rubbish.
Re: EFCC, ICPC Stripped Of Powers To Seize Assets In Corruption Cases by timmycee: 7:44pm On Nov 07, 2019
very good move...! don't quote me I am a legit hustler...winks
Re: EFCC, ICPC Stripped Of Powers To Seize Assets In Corruption Cases by Nobody: 7:48pm On Nov 07, 2019
Magu might just die of heart attack this night
Re: EFCC, ICPC Stripped Of Powers To Seize Assets In Corruption Cases by Racoon(m): 8:10pm On Nov 07, 2019
Stalwert:
I just comment syndrome, even if it is rubbish.
Sorry bro.

1 Like

Re: EFCC, ICPC Stripped Of Powers To Seize Assets In Corruption Cases by saintokwuluora(m): 8:34pm On Nov 07, 2019
Some many argue that this move is conceived to ensure orderliness and proper supervision in the fight against corruption, to others there is a power grabbing going on that some few men are becoming even more powerful than the president.

(1) (Reply)

Bayelsa Gov’ship: High Court Sacks APC Candidate As Appeal Court Reinstates Depu / Breaking: Suspected Pro-oshiomhole Thugs Attack Peaceful Rally In Abuja / How To Check The Status And If Your National ID Card Is Ready Online

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 14
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.