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EFCC Urges Swift Return of Stolen Nigerian Assets Held Abroad

EFCC Urges Swift Return of Stolen Nigerian Assets Held Abroad
EFCC Chairman, Ola Olukoyede

Ola Olukoyede, the Chairman of the Economic and Financial Crimes Commission (EFCC), has appealed for the immediate repatriation of Nigerian assets unlawfully stored in foreign nations.

In a statement released on the commission’s official handle on Wednesday, December 13, Olukoyede emphasized the urgency of the return of stolen assets during the 10th session of the Conference of State Parties to the United Nations Convention Against Corruption, currently taking place at the Georgia World Congress Centre in Atlanta, US.

He said, “We need the cooperation of all the countries that are custodians or in charge of warehousing all these stolen assets from Africa.

“It has become extremely important for us to see you as our collaborators, as countries that support us in the fight against corruption.

“Now, when you look at corruption, it has become a transnational crime. If you are holding on to those assets, you are creating very difficult legal hurdles in recovering those assets. You are indirectly encouraging the perpetrators of the crimes we are talking about.

“And when you encourage it in Africa, it has a tendency of affecting you too, because the kind of financial crimes we are talking about have become global in nature. So, it has become important for you to cooperate with us.”

He further reiterated the need for the global community to support Nigeria’s efforts towards asset recovery, adding, “we will only be able to see you as a friend if you are willing to support us in recovering such assets that have been traced to your jurisdiction”.

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