Unexplained Wealth: Tightening the noose against criminals with strengthened institutions
Legal experts, including Emir Sanusi II and Dr Wahab Shittu, argue that tackling unexplained wealth in Nigeria requires stronger institutions, not just law Read More: https://punchng.com/unexplained-wealth-tightening-the-noose-against-criminals-with-strengthened-institutions/
The fight against unexplained wealth in Nigeria requires more than just legislation, as legal experts and public figures gathered in Lagos to launch a three-volume work on financial law, writes Onozure Dania. At the launch, held at the Oriental Hotel in Victoria Island, legal experts called for stronger institutions, better record-keeping, and safeguards for legitimately acquired property.
Former Governor of the Central Bank of Nigeria and Emir of Kano, Muhammadu Sanusi II, emphasized that legal reforms must go hand-in-hand with political and judicial reforms, warning against favoritism based on political connections. Shuttu, the author of the trilogy, argued that Nigeria must build systems that make lawful wealth demonstrable before demanding citizens explain their assets, as many records of legitimate wealth acquisition are lacking.
He proposed a three-tier standard for wealth explanations, including lawful source, documentary coherence, and proportionality, to ensure a fair process for both honest individuals and potential wrongdoers.
Written by urgent.news from Punch Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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