ICPC, CoDA sign pact on recovery of stolen assets

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ICPC, CoDA sign pact on recovery of stolen assets
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The Independent Corrupt Practices and Other Related Offences Commission and the Coalition for Dialogue on Africa have entered into a cooperation agreement on the implementation of the Common African Position on Asset Recovery.

The partnership will enable the two organisations to collaborate and push for the quick recovery of assets stolen from Africa.

CoDA, which has been chaired by former African Presidents, is currently chaired by former Nigerian President Olusegun Obasanjo. The ICPC boss stated that African countries had continued to lose huge proportions of their resources through illicit consignment of financial and other assets to foreign jurisdictions, thereby contributing to the underdevelopment of the continent.

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