A  civil rights activist and executive director Africanetwork  for Environment and Economic justice Rev. David Ugolor has described the non assent by president Buhari  of  Proceeds of Crime (POC) bill which  was passed by the 8th National Assembly is a major set back in the anti-corruption war in the country. Rev. Ugolor who disclosed this today in live TV programme politics today on ITV Benin said the  bill  not signed into law because of a review and recommendation by top agencies relating to concerns that the bill would reduce or limit their powers on seizure and management of recovered assets made it possible for the suspended EFCC chairman Ibrahim Magu to allegedly mismanage recovered assets

” There are so many agencies that seize assets from both individuals and companies. For instance, the customs officers seize contraband goods from smugglers which are destroyed while seized vehicles are auctioned. Other agencies like the Economic and Financial Crimes Commission (EFCC) and Independent Corrupt Practices Commission (ICPC) also recover assets for the government but there is no accountability. The POCA  bill gives room for an independent agency to manage all recovered assets/forfeiture assets in a transparent manner. To strengthen and institutionalize anti-corruption in the country, an independent agency that manages recovered assets is a must for the country”