Wednesday, December 13, 2017

GIABA Empowers EFCC for Improved Performance

The Economic and Financial Crimes Commission, EFCC, in partnership with the Inter-Governmental Action Group Against Money Laundering in West Africa, GIABA, on December 11, 2017 commenced a four-day training for operatives of the anti-graft agency, aimed at sharpening their skills in the area of assets recovery.
The training which, has as its theme, “Training on Asset Investigation, Management and Recovery”, according to Babashani Sanda, Head, Legal Studies Unit EFCC Academy, was unique.
“The aim of the training, is to expose the Commission’s investigators on best international techniques on tracing, identifying, recovery and management of assets recognized as proceeds of crimes such as money laundering, terrorist financing among others”, he said.
 “We are set to permanently seize more properties suspected to have been acquired with proceeds of crime even without necessarily prosecuting the owners or possessors of such properties in the law courts.
“The participants will be trained on new methods of asset seizure by exposing them to some very important provisions of our laws especially in Section 17 of the AFF Act, 2006 which has elements of non-conviction based forfeiture,” he added.
Some of the ongoing GIABA sponsored trainings for staff of the EFCC include; “The Use of Microsoft Excel for Data Analysis”, “Investigative Interviewing and Evidence Evaluation in Anti-Money Laundering and Counter-Financing of Terrorism Cases”, “Forensic Accounting and Investigation”.
The Inter-Governmental Action Group against Money Laundering (GIABA) is an institution of the Economic Community of West African States (ECOWAS) responsible for facilitating the adoption and implementation of Anti-Money Laundering (AML) and Counter-Financing of Terrorism (CFT) in West Africa.

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