Nigerian proceeds of crime act, 2022: Accountability deficit on recovered proceeds of crimes
Mevayen Ewomazino Jemialu
Corruption is a deeply rooted phenomenon that constitutes a strong hindrance to the realisation of developmental goals and the general wellbeing of democracy. Though a global issue, corruption varies in intensity, sophistication, and forms, from country to country and has been described as a global devil that has devoided [sic] human intelligibility in its social context. Nigeria is not exempted and overtime, has established her own share of specialised institutions or agencies with enabling laws. A major lacuna in the country’s fight against corruption however, has being the lack of a known and transparent framework for public accountability of recovered proceeds of corruption and the utilisation and expending of recovered proceeds. The Proceeds of Crimes (Recovery and Management) Act, 2022, was expected to form the foundation for transparent accountability processes due to its projected novel accountability provisions. This work therefore, examined the provisions of the Proceeds of Crime Act on accountability, and concluded that the provisions though laudable, yet, they appear more like pouring of ‘old wines in new wine skins’.