Echotitbits – Nigeria News

Tag: asset recovery

  • Jersey to Repatriate $9.5m Abacha Funds for Abuja–Kano Road Completion

    Jersey to Repatriate $9.5m Abacha Funds for Abuja–Kano Road Completion

    According to The Punch, the Bailiwick of Jersey will return more than $9.5 million in forfeited funds to Nigeria, with the money earmarked for the final stages of the Abuja–Kano Road project.

    The report frames the move as part of Nigeria’s wider asset-recovery push, with officials emphasizing visible infrastructure outcomes from recovered proceeds.

    For road users and contractors, the key question is how quickly the repatriated funds translate into measurable progress on the corridor.

    Daily Post also described it as “fresh $9.5m Abacha loot” being returned from Jersey, while Tribune Online similarly reported “more than $9.5 million” headed back to Nigeria for the Abuja–Kano route.

    Echotitbits take: Watch procurement and project transparency—implementation details, milestone reporting, and independent monitoring will decide whether this becomes a trust-building win.

    Source: PremiumTimes – https://www.premiumtimesng.com/news/headlines/848587-jersey-to-repatriate-over-9-5m-abacha-loot-to-nigeria.html January 10, 2026

    PremiumTimes 2026-01-10

    Photo Credit: PremiumTimes

  • Tinubu appoints Rotimi Oyedepo as Director of Public Prosecutions

    Tinubu appoints Rotimi Oyedepo as Director of Public Prosecutions

    2025-12-31 09:42:00

    In an update published by PUNCH, President Bola Tinubu has approved the appointment of Rotimi Oyedepo, a Senior Advocate of Nigeria, as Director of Public Prosecutions in the Federal Ministry of Justice.

    Oyedepo is widely known for high‑profile prosecution work, including corruption and financial‑crime cases, and the appointment is seen as a signal about prosecutorial priorities heading into 2026.

    The move comes amid renewed debates about justice-sector reforms, case backlogs and the credibility of anti‑corruption enforcement.

    A State House statement said the president “approves appointment of Rotimi Oyedepo as Director of Public Prosecutions,” while Premium Times reported Tinubu “gives top EFCC lawyer Rotimi Oyedepo new appointment.”

    Echotitbits take: The DPP role is pivotal for consistency across sensitive cases. Watch the first 100 days: guidelines for plea bargains, asset-recovery priorities, and how prosecution teams coordinate with EFCC/ICPC/Police without politicising decisions.

    Source: PUNCH — December 31, 2025 (https://punchng.com/tinubu-appoints-oyedepo-director-of-public-prosecution/)

    PUNCH December 31, 2025

    Photo Credit: Wikimedia Commons

  • ICPC says it recovered ₦37.4bn and $2.35m through forfeitures in 2025

    ICPC says it recovered ₦37.4bn and $2.35m through forfeitures in 2025

    2025-12-15 03:57:00

    According to The Punch, the Independent Corrupt Practices and Other Related Offences Commission (ICPC) says it recovered about ₦37.44bn and $2.35m in 2025 through seizures and forfeitures.

    The report frames the figure as part of the commission’s asset recovery efforts, reflecting a focus on tracing proceeds and enforcing forfeiture orders.

    Anti-graft recoveries are often followed by questions about how forfeited assets are managed and whether recovered sums are transparently remitted to government accounts.

    Analysis/Echotitbits take: Beyond headline totals, the public interest is in traceability and impact—where the assets went, how they’re valued, and how proceeds are applied. Watch for detailed breakdowns, court orders, and any inter-agency coordination updates with EFCC/CCB.

    Source: The Punch — December 15, 2025 — https://punchng.com/icpc-recovers-n37-4bn-2-35m-in-2025/

    Photo credit: The Punch

    The Punch https://punchng.com/icpc-recovers-n37-4bn-2-35m-in-2025/ December 15, 2025