A not too long ago printed authorities gazette has stripped the Financial and Monetary Crimes Fee (EFCC) and the Unbiased Corrupt Practices And Different Associated Offences Fee (ICPC) of the powers to seize assets of individuals being investigated.
In accordance to the gazette, Vol. 106, No 163, titled, “Asset Tracing, Restoration and Administration Regulation 2019’’, dated October 29, 2019 such powers have now been transferred to the Workplace of the Legal professional-Common of the Federation (AGF).
Till now, the EFCC and the ICPC had the powers to provoke non-conviction based mostly forfeiture.
“All non-conviction based mostly forfeiture shall be performed by the Workplace of the Legal professional-Common of the Federation.
“The place a non-conviction based mostly forfeiture process arises, the LEA (Regulation Enforcement Company) and ACAs (Anti-Corruption Companies) shall switch the matter to the Workplace of the AGF,’’ the gazette states.
As well as, all seized assets shall be registered by all of the Ministries, Departments and Companies of authorities whereas all closing forfeited assets recovered by companies shall be handed over to the AGF inside 60 days from the graduation of the laws of administration.