Asset Recovery News

Asset Recovery

EFCC, ICPC Recover $967.5 Billion and N277 Billion in Assets, Says FG

Politics

| 27-05-2025

EFCC, ICPC Recover $967.5 Billion and N277 Billion in Assets, Says FG

The Federal Government has announced that anti-graft agencies EFCC and ICPC have recovered looted funds totaling $967.5 billion and N277 billion in cash and assets during 2024 operations.

President Tinubu Vows Unwavering Fight Against Corruption, Pledges Asset Recovery

Politics

| 27-05-2025

President Tinubu Vows Unwavering Fight Against Corruption, Pledges Asset Recovery

President Bola Tinubu has reaffirmed Nigeria's commitment to recovering stolen assets from economic crime perpetrators worldwide, promising to strengthen anti-corruption institutions and pol

Jedy-Agba Calls for Transparency in Management of Recovered Assets from Economic Crimes

Politics

| 27-05-2025

Jedy-Agba Calls for Transparency in Management of Recovered Assets from Economic Crimes

Nigeria's Solicitor General emphasizes the need for openness in utilizing assets recovered from economic crimes, stating that mismanagement would defeat the purpose of asset recovery efforts

EFCC Hands Over 753 Duplexes Seized from Emefiele to Housing Ministry

Politics

| 21-05-2025

EFCC Hands Over 753 Duplexes Seized from Emefiele to Housing Ministry

The Economic and Financial Crimes Commission (EFCC) has handed over 753 duplexes seized from former CBN Governor Godwin Emefiele to the Ministry of Housing and Urban Development in Abuja.

Senate Advances Proceeds of Crime Amendment Bill to Streamline Asset Recovery

Politics

| 20-05-2025

Senate Advances Proceeds of Crime Amendment Bill to Streamline Asset Recovery

The Nigerian Senate has passed the second reading of the Proceeds of Crime Amendment Bill 2025, which aims to establish a central agency for managing recovered assets currently handled by 18

$94 Billion Stolen Annually from Nigeria, African Countries — GIABA Report Reveals

Crime

| 20-05-2025

$94 Billion Stolen Annually from Nigeria, African Countries — GIABA Report Reveals

The Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) has disclosed that between $88-94 billion is stolen annually from Nigeria and other African countries, cal

CFTPI, GIABA Partner with ICPC, EFCC to Strengthen Nigeria's Asset Recovery System

Politics

| 20-05-2025

CFTPI, GIABA Partner with ICPC, EFCC to Strengthen Nigeria's Asset Recovery System

Anti-corruption stakeholders collaborate to improve asset recovery mechanisms in Nigeria, as GIABA reveals that between $88-94 billion is stolen from Africa annually, emphasizing the need fo