- Such a court could provide a platform to address cases involving individuals and assets located abroad
The Federal Government of Nigeria is considering the establishment of an International Anti-Corruption Court, recognising it as a significant shift in the approach to combating corruption globally.
The Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi (SAN), mentioned that corruption has a corrosive impact on Nigeria’s development, stability, and prosperity, and the need for a specialised court to address cases involving individuals and assets abroad tied to grand corruption schemes is essential.
He said, “Nigeria, as a country that has been deeply affected by corruption, could benefit significantly from establishing an IACC.
Such a court could provide a platform to address cases involving individuals and assets located abroad, often tied to grand corruption schemes that devastate Nigeria’s development efforts.
It could be an additional tool to complement and strengthen the nation’s domestic anti-corruption efforts.
The corrosive impact of corruption on Nigeria’s development, stability, and prosperity cannot be overstated.”
While describing corruption in all its ramifications as a great threat to the stability, progress, and development of nations around the world, the AGF said graft was a cancer that knows no boundaries, undermines trust, weakens institutions, hampers economic growth, and perpetuates social injustice.