Tag: investigations

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Overview of the Asset Management Corporation of Nigeria (AMCON) by Lawson Akhigbe

The Asset Management Corporation of Nigeria (AMCON) represents one of Nigeria’s most significant financial interventions in response to systemic banking distress. Its debt enforcement history reflects a blend of aggressive statutory powers, evolving legislative enhancements, notable operational successes, persistent challenges, and occasional perceptions of uneven application influenced by political or economic factors. Below is a thorough, chronological exploration of AMCON’s enforcement journey, including context, key mechanisms, statistics, notable cases (with nuances around the Ben Murray-Bruce/Silverbird matter), challenges, and broader implications.

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EFCC and the Art of Freezing State Treasuries: When Federal Overreach Meets Federalism by Lawson Akhigbe

Nigeria is a federation. Federal agencies do not get to shut down state governments because they suspect something may have gone wrong with the books. Trail the money into private hands. Do not turn off the treasury. The courts, the governors’ forum and the plain language of the Constitution have already said as much. The only question left is how many more times the lesson must be repeated.

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Navigating the Void: Why Nigeria Needs a Corporate Deferred Prosecution Agreement (DPA) Framework

In a standard DPA regime, a company that self-reports and cooperates can avoid the "corporate death penalty" of a criminal conviction. In Nigeria, we are currently forced to rely on the Administration of Criminal Justice Act (ACJA) 2015.
While the ACJA provides for Plea Bargaining, it is a fundamentally different animal from a DPA:

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The Samson Strategy: How the Tinubu Government Pulled the Temple Down on Itself Over PFIPC by Lawson Akhigbe

The Bola Ahmed Tinubu administration appears to have forgotten that rule in its handling of the Presidential Foreign Investment Promotion Council (PFIPC) controversy. In its determination to destroy the credibility of one man, Prince Adeniyi Matthew Adeyemi, it may have inflicted collateral damage on something far more valuable: the credibility of official government documentation itself.

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The Art of the Bureaucratic Shrug: Why Nigerian Public Officials Never Bring a Pen to an Interview by Lawson Akhigbe

he backdrop of the interview was heavy: a massive Senate investigation into the "Safe Schools Initiative," a program conceptualized to protect students after the harrowing 2014 Chibok girls tragedy. We are talking about tracking billions of naira and over $30 million in donor funding. It’s the kind of high-stakes scrutiny that should make any public servant sweat through their starch-pressed Agbada.

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