Request for Application: Technical Consultant – Asset Recovery and Management
Background
Nigeria enacted the Proceeds of Crime (Recovery and Management) Act (POCA), 2022 backed by the Proceeds of Crime (Recovery and Management) Regulations, 2024, which provide detailed procedures for asset recovery, reporting, inter-agency collaboration, asset management, and data entry into the central database. Four years later, challenges persist with the effective implementation of the POCA. Some of the Relevant Organizations have never drawn from the POCA in their Asset recovery and management mandate and some even continue to work in isolation. Amongst other factors, the lack of compliance and coordination has been blamed on the lack of capacity and proper understanding of the POCA; being a relatively new legal framework.
It is against this backdrop that ANEEJ, under the Tackling Illicit Financial Flows (IFFs) through Asset Recovery and Management and Countering Money Laundering, Terrorism Financing and Proliferation Financing in Nigeria project, is seeking to engage a Technical Consultant to work with the Asset Recovery and Management Unit (ARMU) to provide technical expertise, data analysis, and monitoring of Nigeria’s asset recovery framework in line with international standards, particularly the new FATF Guidance, GFAR Principles, UNCAC obligations, and the UK Anti-Corruption Strategy 2026. This task mandate directly aligns with the project objective which is to strengthen Nigeria’s response to Illicit Financial Flows (IFFs) through enhanced implementation of the Asset Recovery and Management Framework and improved legal sector AML/CFT compliance.
The project is funded by the Foreign, Commonwealth & Development Office (FCDO) of the United Kingdom.