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FG to establish new anti graft agency

The Federal Executive Council has approved the establishment of a new anti-corruption agency to coordinate all recovered looted assets. Briefing state house correspondents after yesterday’s FEC meeting, the Minister of Justice, Abubakar Malami said the new anti-corruption agency if approved by the National Assembly will be named, “Proceeds of Crime Recovery and Management Agency”.

He said all the assets recovered so far have been in the hands of several agencies and that better coordination will encourage the recovery of more looted assets locally and internationally.
Nigeria currently has two anti-corruption agencies; the Independent Corrupt Practices and Other Related Offences Commission ICPC and the Economic and Financial Crimes Commission EFCC.

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