Attorney general of the federation and minister of justice Abubakar Malami, SAN, said Nigeria has collaborated with various jurisdictions in its efforts to recover stolen assets stashed abroad.
Malami made this known at the 9th session of the Conference of States Parties to the United Nations Convention Against Corruption (UNCAC) holding in Sharm El Sheik, Egypt.
According to a statement by Dr. Umar Jibrilu Gwandu, Pakistan, State of Palestine, Peru, Saudi Arabia, Kenya, and Nigeria submitted a draft resolution entitled “Enhancing access to and the use of Beneficial Ownership Information to facilitate the identification, recovery and return of assets “, to further highlight the importance of beneficial ownership transparency.
Malami said significant progress has been recorded in the efforts to combat corruption in Nigeria.
“We have continued to make significant progress in our efforts to prevent and combat corruption, block leakages and recover our stolen assets,” Malami said.
Malami recalled that new laws and acts have been enacted by Nigeria to better combat corruption in the country.
” We recently enacted a Mutual Legal Assistance Law in line with the recommendations from the UNCAC review, and also enacted the Nigerian Financial Intelligence Unit Act to create a stand-alone Financial Intelligence Unit,” he said.