Mr. President, Nigeria does not need another anti-graft agency. ICPC and EFCC are just enough. The news that a new agency to be called Proceeds of Crime Recovery and Management Agency is being planned makes no sense. The Attorney General of the Federation, Abubakar Malami, is wrong on this playbook. Your fellow citizens expect you to kill the idea.
As I noted when I spoke in the National Assembly last year, the United States does not have a sports ministry but yet, it is one of the major sporting nations in the world. By running an extremely efficient sports management framework, the U.S. has the highest money per athlete development in the world, per capita. Yes, more money goes to develop athletes than bureaucracy as we have in Nigeria.
We cannot say we do not have money and yet we are opening new agencies which could be departments in the Federal Ministry of Finance or the central bank. Those looking for appointments should wait – Nigeria has none at this time. Kill this bill.
On Wednesday, the Federal Executive Council approved a bill to establish an agency that will take charge of proceeds recovered by anti-graft agencies in Nigeria.
The bill titled: ‘Proceeds of Crime Recovery and Management Agency Bill’ is designed to take the management of recovered assets and funds off the responsibility of the anti-graft agencies. The Attorney General of Federation, Abubakar Malami was directed to forward the bill to the National Assembly for passage.
The development was disclosed by Malami after the FEC meeting, presided virtually by president Buhari on Wednesday. The Minister of Justice said currently, recovered assets and funds are in the care of multiple government agencies, but the passage of the bill will ensure that the proceeds are in the care of a responsible agency.
“The bill is targeted and intended to have in place legal and institutional framework. The legal component of it is having a law while the institutional component is to have an agency that will be saddled with the responsibility of managing the assets that constitute proceeds of crime in Nigeria.