FG Launches Cen­tral Data­base for Stolen As­set Trac­ing

Nigeria Communications Week - - News - Chike On­wueg­buchi

FED­ERAL gov­ern­ment has launched a Cen­tral Data­base un­der the As­set Trac­ing, Re­cov­ery and Man­age­ment Reg­u­la­tions (ARTM), 2019 and the Cen­tral Crim­i­nal Jus­tice In­for­ma­tion Sys­tem (CCJIS) un­der the National Anti-Cor­rup­tion Strat­egy (NACS) 2017 – 2011 to as­sist in the fight against cor­rup­tion.

Mr Abubakar Malami, at­tor­ney-gen­eral of the fed­er­a­tion (AGF) and min­is­ter of Jus­tice, at the launch in Abuja, said the data­base will en­sure uni­for­mity of process, ac­cess and in­for­ma­tion feed­ing to deepen trans­parency and ac­count­abil­ity in the man­age­ment of re­cov­ered as­sets.

To en­sure com­pli­ance, he said his of­fice is de­vel­op­ing leg­is­la­tion for the full im­ple­men­ta­tion and op­er­a­tion of the CCJIS.

“We will work to­gether to es­tab­lish and re-en­act trans­parency and ac­count­abil­ity in gov­er­nance and man­age­ment of our re­sources which we have com­mit­ted to do by way of strength­en­ing In­ter­na­tional Co­op­er­a­tion of our mem­ber­ship of Open Gov­ern­ment Part­ner­ship,” he said.

In his speech, Mr Femi

Gba­jabi­amila, speaker of the House of Rep­re­sen­ta­tives, rep­re­sented by Mrs Ugonna Ozurigbo, chair­man, House Com­mit­tee on Jus­tice, said the reg­u­la­tion on As­set Trac­ing, Re­cov­ery and proper man­age­ment of pro­ceeds of crime was signed on Oc­to­ber 24, 2019, and took ef­fect from Novem­ber 1, 2019, re­placed the pro­ceeds of Crime Reg­u­la­tion of 2012.

The new reg­u­la­tion ti­tled As­set Trac­ing, Re­cov­ery and Man­age­ment Reg­u­la­tions 2019 em­pow­ers the AGF to take charge of the cus­tody and man­age­ment of all fi­nal for­feited as­sets, ap­proval and ap­point­ment of as­set man­agers and op­er­at­ing and main­tain­ing a data­base for the records of all re­cov­ered as­sets within and out­side Nige­ria.

He said, the AGF’s of­fice, un­der the new reg­u­la­tion, is also re­quired to co­or­di­nate in­ter-agency in­ves­ti­ga­tions into re­cov­ery mat­ters within and out­side Nige­ria from all law en­force­ment agen­cies whose law em­pow­ers them to un­der­take re­cov­er­ies and main­tain­ing a de­pos­i­tory for all for­fei­ture or­ders is­sued by the Nige­ria courts and courts out­side Nige­ria.

As­set Trac­ing, Re­cov­ery and Man­age­ment, ac­cord­ing to the Speaker, is a core value of good gov­er­nance and its ef­fec­tive man­age­ment will serve as a de­ter­rent to would-be fraud­u­lent minded in­di­vid­u­als who may find them­selves in pub­lic of­fices.

Ac­cord­ing to him, states re­sources must not be al­lowed to be stolen but if that hap­pened by fraud­u­lent in­di­vid­u­als, ef­forts must be taken to trace the pro­ceed, re­cover same and man­age for the in­ter­est of the gen­er­al­ity of the peo­ple.

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