• About us
  • Advertise
  • Privacy & Policy
  • Contact
Wednesday, May 14, 2025
  • Login
NewsPeg Magazine logo
  • Home
  • News
    • World
    • Business
    • Politics
  • Technology
  • Entertainment
    • Sports
  • Lifestyle
    • Health
No Result
View All Result
  • Home
  • News
    • World
    • Business
    • Politics
  • Technology
  • Entertainment
    • Sports
  • Lifestyle
    • Health
No Result
View All Result
NewsPeg Magazine logo
No Result
View All Result
Home EFCC

Africa Unites Against Asset Theft: Asset Recovery Forum Seeks to Recover Stolen Wealth and Hold Perpetrators Accountable

Admin by Admin
April 15, 2025
in EFCC
Reading Time: 3 mins read
0
Africa Unites Against Asset Theft: Asset Recovery Forum Seeks to Recover Stolen Wealth and Hold Perpetrators Accountable
Share on FacebookShare on TwitterShare on Whatsapp

By Nkechi Eze

The African Asset Recovery Practitioners Forum, AARP,  has charged African countries to join hands in forging a road map and actionable processes against resource theft and asset recovery on the continent. 

Dele Oyewale the commission’s spokesperson in an official signed statement disclosed that this charge was given at the ongoing inaugural meeting of the Forum in Nairobi, Kenya with the theme: “Supporting Efforts of African Union Member States to Effectively Implement the Common African Position on Asset Recovery, CAPAR.

In his remarks, the Secretary and Chief Executive Officer, Ethics and Anti-Corruption Commission, EACC,  Mr. Abdi Mohamud observed that though Africa has been a victim of resource theft, it has the blame for such losses for often aiding the external thieves. “We should collectively change the narrative and fight to get our stolen assets,” he said.

While urging the continent to take a strong stance against resource theft and speak with one voice against the scourge, he regretted that the global anti-money laundering watchdog, the Financial Action Task Force, FATF would list African countries which are at the receiving end of resource pillage on its Grey-List, while the thieving foreign nations are given a clean bill of health. 

He further called for proper application of repatriated assets and encouraged African countries to ensure that public office holders are held accountable and subjected to forfeiture of unexplained wealth.

In her opening remarks,  Chairperson,  African Union Advisory Board Against Corruption , AUABC,  Hon. Seynabou Diakhate Ndiaye, stated that it was a new dawn for both anti-corruption fight and stolen asset recovery in Africa, noting that the commitment of the Forum was critical to the implementation of  the Common African Position in Asset Recovery, CAPAR.

On his part, the Interim Chairman of the Forum and the Chairman of Nigeria’s Independent Corrupt Practices and Other Related Offences Commission, ICPC, Dr Musa Aliyu, while highlighting the challenges illicit financial flows posed to Africa, noted that the need to fight the scourge and facilitate asset recovery was the driving force behind the Forum.

The highlight of the event was the signing of AARP charter, being its operational guiding instrument by anti-corruption agencies, asset recovery institutions and prosecution institutions from 31 participating African countries, which included Nigeria’s Economic and Financial Crimes Commission, EFCC and ICPC.

In addition to the participating African countries, African Development Bank, AFDB, United Nations Office on Drugs and Crime, UNODC,  Civil  Society Forum for Asset Recovery among others were in attendance.

The three-day event which began on Tuesday, 15 April 2025 will wind up on Thursday April 17, 2025.

Aisha Mohammed, Head of EFCC’s Enlightenment and Reorientation Unit represented the Executive Chairman of the Commission, Mr. Ola Olukoyede.

ShareTweetSend
Previous Post

Illicit Financial Flows in Africa: Nigeria Urges Collective Action, Robust Legal Frameworks and Transparency

Next Post

EFCC Arraigns Man for Non-declaration of  £8,020, $704 at Airport 

Admin

Admin

Related Posts

EFCC Arraigns Sunsteel CEO Over Alleged $680,000 Fraud; Trial Set for June
EFCC

EFCC Arraigns Sunsteel CEO Over Alleged $680,000 Fraud; Trial Set for June

May 9, 2025
Future Leaders Must Shun Corruption, Embrace Discipline—EFCC Warns
EFCC

Future Leaders Must Shun Corruption, Embrace Discipline—EFCC Warns

May 9, 2025
Yahaya Bello’s Trial: Witness Defends $84,942 Retained by School as Legitimate Tuition
EFCC

Yahaya Bello’s Trial: Witness Defends $84,942 Retained by School as Legitimate Tuition

May 9, 2025
Next Post
EFCC Arraigns Man for Non-declaration of  £8,020, $704 at Airport 

EFCC Arraigns Man for Non-declaration of  £8,020, $704 at Airport 

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Editor's Choice

PUMA 2025: NiMet’s Leap into the Future of Meteorological Services

PUMA 2025: NiMet’s Leap into the Future of Meteorological Services

May 12, 2025
TROOPS NEUTRALIZE BOKO HARAM INSURGENTS, RECOVER ARMS IN SAMBISA FOREST ASSAULT

TROOPS NEUTRALIZE BOKO HARAM INSURGENTS, RECOVER ARMS IN SAMBISA FOREST ASSAULT

May 12, 2025
  • Trending
  • Comments
  • Latest
NAVY CAPTAIN A. MNGUVE UNVEILS THREE INSPIRATIONAL BOOKS IN LITERARY TRIUMPH

NAVY CAPTAIN A. MNGUVE UNVEILS THREE INSPIRATIONAL BOOKS IN LITERARY TRIUMPH

May 7, 2025
DICON-D7G Nigeria Limited Board Inaugurated to Enhance National Security and Self-Reliance

DICON-D7G Nigeria Limited Board Inaugurated to Enhance National Security and Self-Reliance

March 19, 2025

Coalition Dismisses Arrest Warrant Claim Against Aisha Achimugu

March 18, 2025
CACO Launches Nigeria Localization Barometer Project in Abuja

CACO Launches Nigeria Localization Barometer Project in Abuja

November 11, 2024

MEDIA FOUNDATION SEEKS UPGRADED DIGITAL INFRASTRUCTURE IN NIGERIA

4

Easter/Eid-el-Fitr: FRSC Records Massive Reduction in Road Crashes.

2
GSAI TRAINS JOURNALISTS TO INTENSIFY ENGAGEMENTS REVOLVING AROUND INVOLVEMENT OF WOMEN IN POLITICS AND GOVERNANCE

GSAI TRAINS JOURNALISTS TO INTENSIFY ENGAGEMENTS REVOLVING AROUND INVOLVEMENT OF WOMEN IN POLITICS AND GOVERNANCE

2

IDENTIFYING BARRIERS TO WOMEN’S POOR REMUNERATIONS, IT’S EFFECTS ON HOUSEHOLD.  LACK OF INCLUSIVE LABOUR LAWS?

2
PUMA 2025: NiMet’s Leap into the Future of Meteorological Services

PUMA 2025: NiMet’s Leap into the Future of Meteorological Services

May 12, 2025
TROOPS NEUTRALIZE BOKO HARAM INSURGENTS, RECOVER ARMS IN SAMBISA FOREST ASSAULT

TROOPS NEUTRALIZE BOKO HARAM INSURGENTS, RECOVER ARMS IN SAMBISA FOREST ASSAULT

May 12, 2025
GOVERNOR OKPEBHOLO MOVES AGAINST BLACK AXE, VOWS STATEWIDE CULTISM CRACKDOWN

GOVERNOR OKPEBHOLO MOVES AGAINST BLACK AXE, VOWS STATEWIDE CULTISM CRACKDOWN

May 12, 2025
ICPC Teams Up with NELFUND to Promote Fair Access to Education Loans

ICPC Teams Up with NELFUND to Promote Fair Access to Education Loans

May 12, 2025
NewsPeg Magazine

Newspeg is a General interest Magazine conceived by Nigerian Media practitioners of like minds across ethnic and geo-political divides of the country, for the purpose of creating uniqueness in Magazine reporting in Nigeria and repositioning the country for the needed growth.

Follow Us

  • About us
  • Advertise
  • Privacy & Policy
  • Contact

© 2024 Newspeg magazine - powered by Vecrit.

No Result
View All Result
  • Home
  • News
    • Business
    • World
  • Technology
  • Entertainment
  • Lifestyle
  • Editorial
  • Columns
  • More

© 2024 Newspeg magazine - powered by Vecrit.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In