Many countries across the world are safe havens for corrupt Nigerian public officials and white-collar crooks. The United Kingdom, arguably the leading culprit, has taken a bold initiative to redeem itself. When the plan is consummated through a pending legislative mechanism, bank accounts, properties and other assets that fail the legitimacy test will be confiscated and exposed. The drive, which will assist Nigeria in its anti-corruption battle, surely is a game-changer. Nations need to work together on mutual legal assistance and extradition in corruption cases to recover looted funds and bring fugitives to justice.
There’s much reason to cheer the initiative. The Executive Secretary of the Presidential Advisory Committee against Corruption, Bolaji Owasanoye, who hinted of this recently in New York, the United States, said the new offensive will be launched using the UK’s “Unexplained Wealth Order Bill.’’ The Finance Minister, Kemi Adeosun, confirmed the deal that is expected to come into effect in 2018. “There is going to be much better cooperation from the international community.