DR OLISA AGBAKOBA CONGRATULATES FG ON ESTABLISHMENT OF RECOVERY AGENCY

I congratulate the Federal Government and especially the Attorney- General of the Federation on the establishment of the proceeds of crime assets recovery Agency . My reason is simple, the EFCC is saddled with far too many responsibilities beyond its best capabilities. The EFCC performs three functions albeit related but unnecessary to concentrate in one Agency- Investigations, prosecution, and Assets recovery .

The standard recommended and indeed prescribed by the Financial Action Task Force , the international agency mandated with proceeds of crime matters, is that these functions vested in EFCC , must be carried out by distinct agencies for competence efficiency and transparency. I fully support divesting EFCC from managing assets recovered from proceeds of crime and further divestment of their power to prosecute is necessary . This will make the anti corruption strategy more effective

Dr Olisa Agbakoba SAN