President Bola Ahmed Tinubu has urged the Economic Community of West African States (ECOWAS) to designate the theft of resources, such as unauthorized mining and the smuggling of minerals, as global offenses, highlighting their risks to regional stability, safety, and progress.
At the opening of the 7th Annual General Assembly of the Network of National Anti-Corruption Institutions in West Africa (NACIWA) at the ECOWAS headquarters in Abuja, Tinubu, speaking through Secretary to the Government of the Federation George Akume, pointed out that the increasing loss of mineral wealth is aggravating insecurity and stunting economic advancement.
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“Illicit outflows remain a major challenge. The stealing of mineral resources is on the rise across the region, contributing to the proliferation of small arms, kidnapping, banditry, and other violent crimes,” Tinubu said. “These have worsened our security challenges and hindered the region’s development prospects.”
He called on ECOWAS to lead efforts in rallying worldwide backing to outlaw and fight the trafficking of illicitly obtained minerals.
“The time has come for ECOWAS to galvanise the world against trade in stolen minerals from West Africa,” the President added.
The meeting, focused on “A United ECOWAS Against Corruption: Strengthening Regional Collaboration for Asset Recovery and Exchange of Information,” gathered leaders from anti-corruption bodies, ECOWAS representatives, international partners, and community groups.
Tinubu also discussed Nigeria’s work on recovering assets, stating that his government has emphasized openness and responsibility via updated regulations.
“Our commitment is to ensure that recovered stolen assets become enablers of growth and instruments of social inclusion,” he said. “Two flagship programmes of my administration — the Students Loan Scheme and the Consumer Credit Scheme — have commenced operations with N100 billion injected from recovered proceeds of crime by the EFCC.”
Ola Olukoyede, the Executive Chairman of the Economic and Financial Crimes Commission (EFCC) and NACIWA President, reiterated the organization’s focus on boosting cross-border cooperation against corruption.
He mentioned key achievements, including official recognition from ECOWAS, observer status with the GlobE Network, and the creation of a permanent office in Nigeria.
“Political transitions, security concerns, and governance challenges across member states remind us that our fight against corruption is inseparable from broader efforts to strengthen political stability and social justice,” Olukoyede said.
The Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi (SAN), and Senator Emmanuel Udende, who leads the Senate Committee on Anti-Corruption, praised the EFCC’s direction and advocated for stronger joint efforts among countries to address corruption and financial misconduct.