Economy
Ola Olukoyede Applauds Impact Of Proceeds Of Crime Act In Asset Recovery
Ola Olukoyede Applauds Impact Of Proceeds Of Crime Act In Asset Recovery
Ola Olukoyede applauds impact of proceeds of crime act in asset recovery. The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Ola Olukoyede has applauded the Proceeds of Crime Act 2022 for its impact in asset recovery and management.
Speaking on Wednesday, March 4, 2026 at the opening ceremony of a workshop for officers of EFCC’s Department of Proceeds of Crime Management and other departments of the Commission at the EFCC Academy, Karu, Abuja, the EFCC’s Chairman noted that asset recovery and management was at the core of the Commission’s fight against corruption, economic and financial crimes, noting that the Proceeds of Crime Act 2022 “is a game-changer provided for a comprehensive legal framework for the identification, tracing, seizure, forfeiture, management, and disposal of proceeds of crime.”
The EFCC’s boss, who spoke through the Acting Commandant, EFCC Academy, Assistant Commander of EFCC, ACE1 Joseph Ogwiji, further observed that the Act has led to the “strengthening of financial intelligence and investigation, enhanced prosecutorial effectiveness, transparency and accountability in asset management and promotion of public trust in the anti-corruption framework.”
The Director, Department of Proceeds of Crime Management, Commander of EFCC, CE G.K. Latona in his remarks observed that the need for continuous knowledge sharing and capacity development of those saddled with the responsibilities of managing and disposing of recovered assets was imperative.
“The management, preservation and disposal of assets have now become a specialized issue and no longer a thing for the generalists. It has become professionalized worldwide that you now have associations like ARINWA, Asset Recovery Inter-Agency Network of West Africa. So, there is the need for us here to move along with this trend,” he said.
Ola Olukoyede
Obialunanma Nnaobi-Ayodele, Deputy Director, African Center for Governance, Asset Recovery and Sustainable Development, co-organizers of the workshop, stated that the collaboration with the EFCC was motivated by the Training Needs Assessment, conducted by her organisation with the of aim of mitigating money laundering and terrorist financing. She identified “strengthening legal competences, enhancing operational capability and fostering institutional collaboration with relevant agencies,” as the objectives of the training.
An interactive session at the Workshop brought out experiences and challenges peculiar to various commands of the EFCC and recommendations.
Pensioners Threaten Nationwide Protest, Demand Governors Urgently Review Payment
The National Association of Retirees of State Governments has threatened a nationwide protest unless state governors urgently review pension payments in line with existing labour laws.
Simon Anchaver, president of the union, made the call in Yenagoa at the inauguration of the Bayelsa interim executive of the newly registered union.
The union demanded that the 36 state governors prioritise pension payments.
They equally called on President Bola Tinubu to establish a ministry for pension affairs to guarantee annual budgetary allocations for pensioners’ welfare.
Eereporter.com
The union bemoaned the arbitrary payment of pensions by some governors, and commended the Nasarawa state governor for releasing N7 billion to clear pension arrears and gratuity.
Its national secretary, Bipre Ndiomu, said the union was newly registered and currently inaugurating state executives. He urged state governors to put in place the modalities to guarantee the welfare of pensioners across the country.
Protest Demolition
Bayelsa’s head of service, Wisdom Sawyer, urged the executive to serve as a bridge between retirees and the government, adding that the state government was open to engagement on outstanding issues.
The newly inaugurated state chairman, Bazigha Tanwei, accepted the mandate and promised an open-door policy, regular consultations with members, and sustained advocacy with the state government to clear arrears.
Financial Literacy: NNPC Foundation Trains Batch A Stream 2 Corps Members
In continuation of its Corporate Social Responsibility (CSR) initiatives on financial literacy, the NNPC Foundation Ltd./Gte has conducted its second 2026 National Youth Service Corps (NYSC) skills empowerment training for Batch A, Stream 2 corps members at the FCT NYSC Orientation Camp, Kubwa, Abuja, over the weekend.
Delivered in partnership with the NYSC Skills Acquisition and Entrepreneurship Development (SAED) scheme, the programme covers financial literacy, entrepreneurship, and business development. Its training structure also includes a financial literacy test, a “Kick Start My Business” course, and business proposal pitching.
Eereporter.com
Managing Director of NNPC Foundation, Emmanuella Arukwe, who was represented by the Head, Programme Management, Rose Okonkwo, noted that over one million corps members have been trained nationwide through the programme.
Acting Director of SAED, Usman Yahaya, commended the NNPC Foundation for its consistent support, urging the corps members to acquire multiple skills during their service year in order to position themselves as job creators and not job seekers.
NNPC, NYSC
It would be recalled that last year, 531 youths received Starter Packs and financial support to help them launch their businesses, with most beneficiaries recording measurable progress across their various enterprises.
The NNPC Foundation Ltd./Gte has, through the financial literacy programme, sustained its commitment to preparing young Nigerians towards sustainable careers and self-reliance, contributing to national economic growth and development.
Economy
NNPC: Commissioning, Handover Of Rehabilitated Hospital Wards At National Orthopaedic Hospital, Igbobi
NNPC: Commissioning, Handover Of Rehabilitated Hospital Wards At National Orthopaedic Hospital, Igbobi
This intervention forms part of the NNPC Foundation Ltd./Gte’s ongoing commitment to improving healthcare infrastructure across Nigeria, ensuring that more patients receive care in decent, functional facilities.
Tomorrow, Wednesday, 29th April 2026, the NNPC Foundation Ltd./Gte., the Corporate Social Responsibility arm of NNPC Limited, will commission and hand over three fully rehabilitated hospital wards with a 100-bed capacity at the National Orthopaedic Hospital, Igbobi, Lagos State.
Eereporter.com
The event is scheduled to begin at 11:00 am prompt.
NNPC
This intervention forms part of the NNPC Foundation Ltd./Gte’s ongoing commitment to improving healthcare infrastructure across Nigeria, ensuring that more patients receive care in decent, functional facilities.
Watch the commissioning LIVE on the NNPC Limited YouTube Channel: https://www.youtube.com/@nnpclimited/streams
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