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13 Nigerian Law Enforcement Officials Own 216 ‘Assets And Funds’ In UAE: HEDA

The anti-corruption organisation, Human and Environmental Development Agenda, claims that Nigeria’s 800 stolen illicit assets and funds worth over $400 million are kept in the United Arab Emirates.

HEDA linked more than half of the $400 million to Nigerian public officeholders.

The group disclosed this on Tuesday at a conference held in Abuja, in corroboration with other foreign anti-corruption experts.

Thirteen law enforcement officials own 216 of the stolen assets and funds, while 584 belong to public officials, according to HEDA.

Olanrewaju Suraju, HEDA’s chairman, accused the United Kingdom and the UAE as culprits of the regular illicit financial flow from Nigeria.

Speaking earlier, the Executive Secretary, Presidential Advisory Council Against Corruption, PACAC, Sadiq Raddah noted that the Nigerian government was concerned about illicit financial flow.

He said, “Politically exposed persons are not just politicians but also their families while enablers of illicit financial flow include dealers in precious minerals, professionals who enhance and sustain illicit financial flows.”

The conference recommended that Nigeria should  review its international obligations like the UN Conventions on Corruption which has five focal points, including international cooperation, technical assistance, asset recovery, and the Mutual Legal Assistance.

 

About Editor

Otunba Sayo Akintola is a 1992 graduate of Linguistics from the University of Ibadan, Oyo State. He holds a post-graduate diploma in Financial Management and MBA from Abubakar Tafawa Balewa University, Bauchi. He started his 12-year sojourn in journalism at the Nigerian Tribune in 1993 as Business and Economy reporter. He rose through the ranks to become the Group Business Editor of the nation’s oldest surviving private national newspaper, the Nigerian Tribune. He set up World Street Journal magazine in 2018.

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