The Economic and Financial Crimes Commission (EFCC) has raised alarm over a new strategy allegedly employed by some politicians to loot public funds and evade anti-graft scrutiny — declaring assets they are yet to acquire before assuming office.
Speaking in Abuja on Tuesday during the launch of a Virtual Tool on the Code of Conduct for Public Officers, EFCC Chairman Ola Olukoyede described the practice as “anticipatory looting,” warning that it undermines accountability and transparency in governance.
Olukoyede explained that such pre-declarations are later used as a cover to justify illicit wealth acquired while in office. He called for stricter enforcement of asset declaration laws to curb the trend.
The EFCC boss urged relevant agencies and the public to remain vigilant, stressing that the commission will intensify efforts to track and prosecute offenders.
