Policy Brief – Spotlight on Nigeria’s Implementation of GFAR Principles
EXECUTIVE SUMMARY
This research assesses the implementation of key Global Forum on Asset Recovery (GFAR) principles in asset return and management in Nigeria. It examines the policies, processes, and institutional reforms that have shaped Nigeria’s approach to asset return while identifying key successes, challenges, and areas for improvement.
The study employs both qualitative and quantitative research methodologies to provide a comprehensive analysis. A robust literature review situates Nigeria within the global landscape of asset return and management, defining key terms and highlighting the country’s legal and institutional framework that facilitates end-to-end asset recovery processes. This is against the background of illicit financial flows of over $88 billion from Africa and how the GFAR principles have facilitated the recoveries of stolen assets.