Ownership of Proceeds of Corruption in Inteational Law

by: Kolawole Olaniyan (Author)

Publisher: Oxford University Press

Publication Date: 2024/2/21

Language: English

Print Length: 400 pages

ISBN-10: 0192867830

ISBN-13: 9780192867834

Book Description

Recovery of proceeds deriving from corruption is now increasingly recognized as a principle of contemporary inteational law. However, people's sovereign and ownership rights over their wealth and natural resources have remained more theoretical than real, especially in the global fight against corruption. As a result, the populations of victim-states often cannot hold their govements accountable for misusing proceeds of corruption, and do not benefit from the recovery, repatriation, management, and use of retued proceeds. In the first comprehensive study on the issue, Kolawole Olaniyan challenges the conventional notion that sovereign and ownership rights over wealth and natural resources - and by extension, the proceeds of corruption - should be exclusively exercised by states. Olaniyan's Ownership of Proceeds of Corruption in Inteational Law examines the relationship between the right to wealth and natural resources, proceeds of corruption, and economic activities. Focusing on victims of corruption, the book argues that victim-states' populations ought to be empowered to pursue grand corruption and asset recovery actions against their govements. It proposes theoretical and legal remedies for recovering proceeds of corruption, encouraging the development of domestic laws.

About the Author

Recovery of proceeds deriving from corruption is now increasingly recognized as a principle of contemporary inteational law. However, people's sovereign and ownership rights over their wealth and natural resources have remained more theoretical than real, especially in the global fight against corruption. As a result, the populations of victim-states often cannot hold their govements accountable for misusing proceeds of corruption, and do not benefit from the recovery, repatriation, management, and use of retued proceeds. In the first comprehensive study on the issue, Kolawole Olaniyan challenges the conventional notion that sovereign and ownership rights over wealth and natural resources - and by extension, the proceeds of corruption - should be exclusively exercised by states. Olaniyan's Ownership of Proceeds of Corruption in Inteational Law examines the relationship between the right to wealth and natural resources, proceeds of corruption, and economic activities. Focusing on victims of corruption, the book argues that victim-states' populations ought to be empowered to pursue grand corruption and asset recovery actions against their govements. It proposes theoretical and legal remedies for recovering proceeds of corruption, encouraging the development of domestic laws.