America reluctant to return stolen assets to Africa Updated for 2021


Updated: March 4, 2021

WASHINGTON – America and other western nations are often vociferous in their condemnation of corruption in Africa. However, when it comes to repatriating stolen funds shipped, wired or smuggled to their countries by corrupt African leaders in connivance with western mega thieves, they become reluctant in sending the funds back. They raise legal barriers and use other delay tactics to hold on to the proceeds of corruption while publicly condemning corruption in newspapers and statements as one of the continent’s greatest evils.

The latest case is in Nigeria where billions of dollars remain stashed abroad while foreign countries continue to raise legal barriers to hold on to the cash.

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According to the Nigerian acting Chairman, Economic and Financial Crimes Commission, EFCC, Ibrahim Magu, the mountain of difficulties being experienced in the repatriation of stolen assets traced to foreign countries is shockingly unbelievable.

“The process of repatriating monies stashed abroad has been very frustrating and disappointing, yet we have done everything possible, gone out of our way to encourage our sister agencies, but cooperation is almost nil,” he said on on July 25, 2019 at the EFCC Head Office, Jabi, Abuja, during a visit by Dr. Joe Abah, Country Director of DAI Nigeria, an international development firm implementing programs covering governance, in more than 100 countries worldwide.

He said: “We have been investigating a number of cases for over four years working with the Federal Bureau of Investigations, National Crimes Agency and even the Crown Prosecution Service, we have done everything possible, gone out of our way to encourage our sister agencies, but except there is a third party involved there is no cooperation.”

While noting that “the Swiss have been more cooperative”, Magu observed that “the others never disclose their findings”, and are “very reluctant to get the proceeds repatriated”.

“We are willing to go outside this country to give evidence, and to share the intelligence that we have,” he stressed.

He further noted that President Muhammadu Buhari has remained unwavering in his vision and mission of ensuring victory in the anti-corruption crusade.

“The next level in the corruption fight is promising, there is political will and we are going to be daring,” he said.

He further noted the importance of inter-agency collaboration between the EFCC, the Independent Corrupt Practices and other Related Fraud Offences Commission, ICPC, the Code of Conduct Bureau, CCB, and the Fiscal Responsibility Commission, FRC, stressing that multi-agency collaboration was key to winning the corruption war.

Noting that the Administration of Criminal Justice Act, ACJA 2015 has been “very helpful”, he opined that “majority of the people in the Judiciary are not doing well, but a few of them are, and we use to have dialogue with them to share our experience, and this has been very helpful”.

He further revealed that from January till date, the EFCC has secured about 550 convictions.

While commending the MacArthur Foundation and the DAI for their support of the anti-corruption crusade in Nigeria, he called for more support for the EFCC in all areas possible.

According to Abah, the visit was part of efforts aimed at further supporting the anti-corruption crusade in Nigeria.

“We recognize the valuable work EFCC is doing to preventing, investigating, prosecuting and combating financial and economic crimes,” he said.


Simon Ateba
Simon Ateba
Simon Ateba covers the White House, the U.S. government, the International Monetary Fund, the World Bank and other financial and international institutions for Today News Africa in Washington D.C. Simon can be reached on


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