Nigerian Government launches database for recovered loot

The Federal Government of Nigerian has launched a central asset database for the tracing, tracking, and recovering stolen assets.

The launch which took place in Abuja was part of a nation-wide sensitisation programme under the asset tracing, recovery and management regulations 2019 and the central criminal justice information system under the National Anti-Corruption Strategy (2017-2019).

During the launch of the facility the attorney-general of the federation and minister of justice, Abubakar Malami, informed participants that the initiative was created to curb the spread of corrupt practices in the country, one of President Muhammadu Buhari’s focal points.

The chairman of Independent Corrupt Practices(ICPC), Bolaji Owasonoye, praised the new initiative while adding that the online medium will help relevant stakeholders have quicker access to the database.

For the acting chairman of the Economic and Financial Crimes Commission, Mohammad Umar, the database is as necessary for the fight against corruption as it is for effective management of assets.

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