Fidelity bank banner Newsexpress banner Okowa 2019 gubernatorial campaign Camano banner
Buhari tasks international community on recovery, repatriation of stolen funds hidden in secret bank accounts abroad

By News Express on 12/05/2016

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 1,657


Nigerian President Muhammadu Buhari Thursday in London urged the international community to urgently create anti-corruption infrastructure and a strategic action plan to facilitate the speedy recovery and repatriation of stolen funds hidden in secret bank accounts abroad.

Speaking at the opening of the Anti-Corruption Summit hosted by Prime Minister David Cameron of Britain, President Buhari said that new measures against corruption that will be adopted by the summit should also include mechanisms that will assist countries like Nigeria to combat illegal activities such as crude oil theft to which, he said, Nigeria loses about $7 billion annually.

Buhari said: “When it comes tackling corruption, the international community has unfortunately looked away for too long. We need to step up and tackle this evil together. That is why we have gathered here today.

“Corruption creates a system where resources are shared by a small elite while the majority wallows in poverty. Corruption also undermines the ability of countries to finance development.

“I recall in this regard, the landmark Addis Ababa Action Agenda of the 3rd International Conference on Finance for Development held in January this year.

“A prominent feature of that global framework is the recognition that good governance and measures to combat corruption and curb illicit financial flows will be integral to the effort to attain sustainable development globally by the year 2050.

“It is for this reason that my Government is determined to address illicit financial outflows which have served as a major impediment to progress in our country.

“I wish to reiterate our demand that the global community must come up with mechanisms for dismantling safe havens for stolen funds and facilitate the return of stolen assets to their countries of origin.”

In his opening remarks at the summit, Cameron applauded Buhari’s vigorous efforts to curb corruption in Nigeria.

Other speakers at the opening session included the President of the World Bank, Dr. Jim Yong Kim and the United States Secretary of State, Mr. John Kerry.

•Photo shows President Buhari seated with other world leaders at the Anti-Corruption Summit held today in London.

Source News Express

Posted 12/05/2016 8:02:16 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

 

You may also like...
UNICEF cries out over ordeal of refugees, migrant...

APC overheating polity in desperate bid to take...

PDP’s opposition to Amaechi’s LG tour mischievous —APC...

BNYL faults proscription of IPOB, berates Obono Obla...

Fire razes Ondo chemical factory, destroys N100m worth...

Obiano woos royal fathers, moves to make Anambra...

Plateau bye-election: INEC seizes 7 PVCs, 5 fake...

Sex traffickers hold 20,000 Nigerian women and girls...

Trump’s emergence as America’s new President a red...

NCC to auction 2.6GHz Spectrum for $224m

Thrills as ‘Omoye’ premiers in Lagos

Cross River to float airline, shipping company

 

Latest News Buhari floors Atiku in Adamawa and in Obasanjo’s polling unit Boko Haram stops Governor from voting Drama as officials arrive at polling unit in Abuja with thumb-printed ballot papers Ballot boxes set ablaze in Lagos Political thugs kill 2 brothers, cousin in Rivers INEC extends polling by lost hours Woman stabbed in fight at polling unit in Osun state Card reader fails to accredit Agbaje Onitsha school principal speaks on student stoned to death by classmate Police confirm killing of voter in Kogi Jos voters arrive polling units early with chairs, food INEC ad-hoc staff desert polling centre in Ibadan

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (452,404 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (405,898 views) Shameless Genevieve Nnaji exposes breasts in public (340,919 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (292,739 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (257,414 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (234,234 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (219,413 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (201,077 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (188,632 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (174,996 views) Lagos plane crash: Journalist releases victims’ names (173,200 views) 10 cars more expensive than Jets (168,642 views)

 

NLNG call for entries

CBN banner

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (81) Business & Economy (4,033) Business Verdict (58) Columnists (999) Complaints & Requests (95) Enterprise & Opportunities (208) Entertainment (592) Features (716) Global Business Monitor (326) ICT Monitor (13) International (3,116) Interview (173) Live Commentary (28) Love Matters (152) Maggie's Blog (159) News (43,411) Opinion (1,197) Pidgin (17) Politics (9,635) Religion (952) Sports (1,900) Stock Watch (37) AMA & Al Jazeera Global Update

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera