Finance ministry efcc harmonising data on recovered funds adeosun

It appears you're referring to a news article or a topic related to the Nigerian government's efforts to recover looted funds. Here's a breakdown of the information:

Background: The Economic and Financial Crimes Commission (EFCC) is a Nigerian law enforcement agency responsible for investigating and prosecuting financial crimes, including corruption and money laundering.

Recovery of looted funds: The Nigerian government has been working to recover looted funds, which are believed to be stashed away in various accounts and assets around the world. These funds are believed to have been stolen by corrupt government officials and politicians over the years.

Harmonization of data: The Ministry of Finance, in collaboration with the EFCC, is working to harmonize data on recovered funds. This means that they are trying to gather and consolidate information on all the recovered funds, including their sources, amounts, and destinations.

Kemi Adeosun: Kemi Adeosun is a former Minister of Finance in Nigeria, who served from 2015 to 2019. She was a key player in the government's efforts to recover looted funds and implement financial reforms.

Current status: The harmonization of data on recovered funds is an ongoing process. The EFCC and the Ministry of Finance are working together to gather and analyze data from various sources, including banks, financial institutions, and other government agencies. The goal is to create a comprehensive database of recovered funds, which will help the government to track and manage these funds more effectively.

Challenges: The process of recovering looted funds is often complex and challenging, as it involves tracing and recovering assets that have been hidden or laundered through various channels. The government faces several challenges, including lack of cooperation from foreign governments, lack of resources, and corruption within the system.

Impact: The recovery of looted funds is critical to Nigeria's economic development, as it can help to reduce corruption, increase transparency, and improve the country's financial stability. The harmonization of data on recovered funds is an important step towards achieving these goals.