The Attorney-General of the Federation (AGF) and Minister of Justice, Abubakar Malami, on Wednesday accused the National Assembly of delaying the disbursement of recovered stolen public funds to projects in the country.
Malami said that the Proceed of Crime Act (POCA) Bill pending before the National Assembly was responsible for the delay in the utilisation of the funds.
The AGF stated this in a press statement issued on Wednesday by his Special Adviser on Media and Publicity, Comrade Salihu Othman Isah.
Isah said that the AGF gave the explanation when he appeared on the Nigeria Television Authority (NTA) live discussion programme, “Good Morning Nigeria” in Abuja.
He said that the minister, who spoke on the topic: “Handling recovered loots”, emphasised that the Proceed of Crime Act Bill among other things intends to establish an agency that would manage the loots, recovered from unscrupulous individuals and companies.
He said: “If Proceed of Crimes Act had been promulgated, we would have had in place an agency that would formulate policy on the management of recovered loots”.
According to him, that the Act which would mid-wife the recovered asset management agency would constitute of a board headed by chairman with 20 years of cognate experience and representatives would be drawn from: the Nigeria Police (NPF), the Economic and Financial Crimes Commission (EFCC), National Agency for Foods, Drugs Administration and Control (NAFDC), the Federal Ministry of Finance, other relevant agencies and civil society groups.
Malami further emphasised that the agency has the capacity to generate income for government from local and international sources.