Bukhari creates new agency, separates EFCC from ICPC
Nigeria’s President Muhammadu Bukhari has created a new body called the Anti-Crime and Reconstruction Agency.
This comes as the president embarks on plans to separate the Economic and Financial Crimes Commission (EFCC) and the Independent Commission on Corruption and Other Related Crimes (ICPC).
Senate President Ahmad Lavan, who read President Bukhari’s letter on the Crime Proceeds Law Bill, said it would address the lack of transparency and accountability associated with the management of recovered funds by anti-corruption agencies in the country.
In the letter, Bukhari explained that the transfer of the law to the National Assembly for consideration followed its approval by the Federal Executive Council.
According to the letter dated October 6, the agency will play an important role in supporting the fight against corruption, money laundering and the illegal movement of stolen funds across the banking system and across Nigeria’s borders.
“An important feature of the bill is the creation of the Agency for the collection of proceeds from crime (collection and management). The agency’s tasks include implementing and administering the provisions of the bill, as well as coordinating the return and management of proceeds and instruments of illegal activity in Nigeria, in all cooperation with anti-corruption and other forces of the order.
“More importantly, the agency will ensure that Nigerians can benefit from the proceeds of crime by ensuring that, once restored, their property and assets are protected and that final court-ordered seizures can be transferred to a confiscated account. and confiscated for placement at the Central Bank of Nigeria. “
If signed, the bill will prevent the EFCC and six other anti-corruption agencies from issuing orders to freeze suspicious bank accounts under investigation.
Other agencies include the Independent Commission to Combat Corruption and Other Related Crimes (ICPC); National Drug Enforcement Agency (NDLEA); Nigerian Financial Intelligence Unit (NFIU); The National Agency for the Prohibition of Trafficking in Persons (NAPTIP); Code of Conduct Office (CCB) and Police.
“The Proceeds of Crime Act is essential and fundamental to building and establishing a strong and sustainable fight against corruption, money laundering and the illegal movement of stolen funds across the banking system and across Nigeria’s borders. The law will also improve the ability of law enforcement agencies to seize, freeze and confiscate stolen assets in Nigeria, while complying with all relevant constitutional and human rights laws, ”the president said.
When the Senate, led by Bukola Saraki, passed the bill last year, the EFCC, led by Acting President Ibrahim Magu, opposed it and called on President Bukhari to reject it.