The Federal Government has reiterated its firm position on asset recovery as a critical element in the ongoing fight against corruption.
This was emphasized by the Nigeria Extractive Industries Transparency Initiative (NEITI), which noted that the government remains resolute in ensuring transparency and accountability, particularly in the management of recovered assets.
According to NEITI, the Federal Government is fully committed to using asset recovery as a tool to strengthen governance and public trust, especially in the extractive industries. The agency stated that recent collaborations with law enforcement and anti-graft bodies are being intensified to trace, recover, and ensure proper utilization of stolen public assets.
NEITI also stressed the importance of institutional synergy, urging all relevant agencies to work together to close gaps in the asset recovery process and ensure better coordination. It noted that strategic partnerships with civil society and international organizations are key to achieving effective outcomes in the fight against corruption.
The organization highlighted that the government is prioritizing legal reforms and stronger frameworks to prevent the re-looting of recovered assets and to guarantee their use for national development.
