The images of restitution of stolen assets during the Conference of States Parties to the United Nations Convention against Corruption have generated much attention and hope in the fight against corruption and asset recovery. These images demonstrate the desire of countries to cooperate and return looted wealth in order to promote the development of economies and put an end to the impunity of corrupters.
At the conference, the spokesperson for the Nigeria Anti-Corruption Commission (EFCC), Dele Oyewale, stressed the importance of cooperation between countries for the return of stolen assets. He insisted that corruption has become a transnational crime and that countries that hold these assets must return them in order to effectively fight corruption and deter the corrupt.
Nigeria has been hailed as an example in recovering stolen assets, with strong legislation and international cooperation in place. The adoption of the Proceeds of Crime Act made it possible to seize and confiscate illegally acquired assets, even without a criminal conviction. Additionally, banking reforms, such as requiring customers to have a Bank Verification Number (BVN), have made it easier to trace illicit assets and recover them.
These are essential measures to combat corruption effectively. However, it is also important to put preventive measures in place to discourage corruption and financial crimes. Nigeria commits to strict prevention measures to reduce law enforcement costs and promote transparency and accountability in the use of recovered assets.
The international community must continue to support the efforts of Nigeria and other countries in the return of stolen assets. By working together, we can better fight corruption, preserve the integrity of financial systems and promote economic development.
In conclusion, the images of restitution of stolen assets during the Conference of States Parties to the United Nations Convention against Corruption demonstrate the determination of countries to fight corruption and return looted wealth. Nigeria, as an example of success in recovering stolen assets, shows the importance of international cooperation and the implementation of preventive measures. The return of stolen assets is essential to promote economic development and end impunity for corrupters.