Olukoyede charges NASS on law against unexplained wealth

The Executive Chairman of the Economic and Financial Crimes Commission, Mr. Ola Olukoyede has charged members of the National Assembly to enact a law against unexplained wealth, saying that it will boost the fight against economic and financial crimes and other acts of corruption.

He made the call in Abuja on Wednesday at the National Conference on Public Accounts and Fiscal Governance convened by the Public Accounts Committee of the Senate and House of Representatives.
He decried the lack of legislation against unexplained wealth, maintaining that corruption is strengthened when people living above their means are not brought to book.

He called for transparency in resource management at all levels of government, stressing that Nigeria is bountifully blessed with resources but without prudent management, nothing tangible would be achieved.

“I want to make an appeal to you all, please, pass the bill on unexplained wealth. We need transparency in resource management. That’s all we need. Everywhere you go in Nigeria, you see natural resources all around you. We will succeed if we are resolute about resource management”, he said.

He called on Nigerians to optimize the opportunities of turnaround prevalent in President Bola Ahmed Tinubu’s government stressing that, “ the administration of President Tinubu is the best opportunity we have , we must not miss it”.

Olukoyede called on custodians of stolen assets abroad to cooperate with the EFCC in getting the assets returned to the country, arguing that “ custodians of stolen assets are as guilty as those that stole the assets”.

The House Committee Chairman on Public Accounts, Hon. Bamidele Salaam appreciated the EFCC Chairman’s contributions calling for a review of the nation’s cost of labour to make Nigerians live above inducements to corruption.