Civil recovery of corruptly-acquired assets: a legal roadmap for Nigeria

• Main Author: Opedayo, Okubule Bukola
• Other Authors: Koen, R.
• Language: en
• Published: University of the Western Cape 2014
• Subjects: Asset recovery; Forfeiture; Corruption; Embezzlement; Money laundering; Criminal forfeiture; Civil forfeiture; Anti-corruption; Asset freezing; Proceeds
• Online Access: http://hdl.handle.net/11394/2558

Magister Legum - LLM === The aim of this research paper is to examine the legal framework for the recovery of corruptly-acquired assets, with particular emphasis on the Nigerian situation. Its primary focus is a detailed examination of the legal mechanisms for the recovery of such assets in the context of international asset recovery. Despite the success of the Nigerian government in recovering the Abacha loot,8 siphoning off of public funds by public office holders continues, and charges of fraud persist against top bank executives alleged to have converted depositors’ funds fraudulently. The prevailing criminal or conviction-based forfeiture mechanism in Nigeria appears inadequate to deal effectively with these situations. The need to enhance capacity through the adoption of civil or non-conviction based forfeiture laws therefore becomes imperative. === South Africa