Stakeholders have called for concerted effort in the quest to recover funds looted from the nation’s treasury.
The call was made at a conference on Agenda Setting for Citizens Interaction with Stolen Assets and Recovery: Abacha Loot Recovery and Utilization as case study organized by a Civil Society Organization, Human and Environmental Development Agenda HEDA, in Abuja.
Speaking at the confernce, a foremost Human Rights Lawyer, Mr. Femi Falana SAN, said most of the Abacha loot has been traced to bank accounts and financial institutions in western countries who over the years have ironically accused Nigeria of been a corrupt country.
Mr. Falana maintained that while they label Nigeria as corrupt, western countries receive the stolen wealth from Nigeria to boost their economies leaving the country perpetually undeveloped.
Also speaking the Executive Secretary of Presidential Advisory Committee Against Corruption PACAC, Professor, Saddiq Radda noted that although the committee has recorded some success in its effort at loot and assets recovery, the slow judicial process is given room for looters to manipulate the system.
The conference which was aimed at tracking noxious funds and ensuring utilization of recovered assets for public good had in attendance representatives of the Economic Financial Crimes Commission EFCC, Independent Corrupt Practices and other Related Offences Commission ICPC, McArthur Foundation and other foreign and local anti graft organizations.
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