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Nigeria Calls for Strategic Diplomacy to Tackle Illicit Financial Flows in Africa

The Radarr by The Radarr
April 15, 2025
in News
Reading Time: 3 mins read
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Nigeria Calls for Strategic Diplomacy to Tackle Illicit Financial Flows in Africa
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The Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Dr. Musa Adamu Aliyu, SAN, has urged African nations to adopt strategic diplomacy in their engagements with the global North to effectively combat the challenges of Illicit Financial Flows (IFFs) and facilitate the repatriation of stolen assets.

The Agency spokesman Demola Bakare said in a statement that Dr. Aliyu made this call during the inaugural meeting of the African Asset Recovery Practitioners’ Forum (AARP-FORUM), which was recently held in Nairobi, Kenya. He currently serves as Chairman of the Forum’s Interim Steering Committee.

Speaking at the event, Dr. Aliyu noted that Africa has endured centuries of economic exploitation—from the transatlantic slave trade through colonialism to the modern scourge of IFFs.

According to him, a collective African response anchored on strategic diplomacy, stronger legal frameworks, and increased accountability from international financial institutions is needed.

Highlighting specific challenges, the ICPC Chairman pointed to the lack of cooperation from some countries in the global North, especially concerning Mutual Legal Assistance, which continues to impede cross-border asset recovery efforts.

The Chairman also lamented the limited participation of North African countries in the forum, a gap, he said, that weakens the continent’s unified advocacy for policy and legal reforms.

Dr Aliyu noted that another critical concern raised was the issue of re-looting recovered assets, stressing that weak governance structures and inadequate accountability mechanisms in some African states often result in recovered funds being misappropriated, thereby eroding public trust and stalling further recovery efforts.

“To overcome these challenges, we must implement robust oversight mechanisms that ensure transparency and accountability in the management of recovered assets,” he stated. “The success of this forum depends on the unwavering commitment of all stakeholders to confront these issues head-on”, he said.

Dr. Aliyu hailed the forum as a milestone in Africa’s anti-corruption efforts, describing it as a platform for collaboration among practitioners across the continent, adding that “Through this forum, African countries are not only aligning efforts but also speaking with one voice on asset recovery matters.” he said. “This ensures the continent is better equipped to reclaim its stolen wealth and reinvest it into critical development priorities.”

He further described the AARP-FORUM as “a new era of collaboration—a dedicated space for experts, policymakers, and stakeholders to exchange ideas, share best practices, and coordinate actions to stem the tide of illicit financial flows.”

The Nairobi meeting concluded with a clear mandate: to operationalise the AARP-Forum without delay. Among the next steps are regional capacity-building workshops co-hosted by the ICPC, the creation of a real-time digital asset tracing platform, and diplomatic engagements with global institutions, including the United Nations, to push for more equitable recovery treaties.

The Forum also committed to ensuring that recovered assets are tracked, audited, and reinvested transparently into development priorities such as education, health, infrastructure, and youth empowerment.

For Nigeria, and particularly for the ICPC, the AARP-Forum represents an affirmation of leadership on the global anti-corruption stage. Under Dr. Aliyu’s stewardship, the Commission has evolved from a national watchdog to a continental force in the fight for financial justice. The Forum not only strengthens Nigeria’s strategic posture but also positions the country as a torchbearer for Africa’s collective future.

In his closing statement, Dr. Aliyu delivered what may come to define this generation’s legacy: “This Forum is more than an opportunity — it is a call to action. A chance for Africa to reclaim its resources, assert its sovereignty, and lead the global struggle against corruption and financial crime. The road ahead is undeniably difficult, but the stakes are too high for Africa to waver. Together, we can — and we must — reclaim our future.”

The establishment of the AARP-FORUM marks a significant step in operationalizing the Common African Position on Asset Recovery (CAPAR). Consultations to advance CAPAR began in Dakar in September 2022, culminating in the forum’s creation in May 2024 in Addis Ababa. It was officially launched on 8th November 2024 in Arusha, Tanzania, during the 8th Annual Africa Anti-Corruption Dialogue.

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