Fidelity bank banner 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: 1,590


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...
BREAKING NEWS: Another wanted Boko Haram kingpin nabbed...

Commissioner tasks NTA Management

60,000 workers lose jobs during Buhari’s first 100...

Senate frowns at police brutality against anti-Buhari protesters...

Fund church activities through investments — Okowa

“How Delta North can produce a Delta Governor”...

Shell shuts down key supply oil pipeline in...

Service Chiefs approve amnesty for Boko Haram but...

Katakata unlimited: Osoba declares Gov Amosun enemy for...

NiMET predicts cloudy conditions, thunderstorms and rain showers...

Prominent UNIABUJA Lecturer, Dr. Cecelia Kato, dies suddenly...

Facebook, Google lose $123m to fraud kingpin

 

Latest News Confessions of suspected robbers who allegedly pose as cult members to rob victims Land dispute: Men flee Anambra community over mass arrests Apapa residents to FG: Clear trucks from our roads or we block all port entrances APC blames PDP for ASUU strike, NLC agitation and oil marketers’ agitation I can’t wait for presidential debate — Atiku Igbo, most marginalised ethnic group in Nigeria — Nwodo Buhari assures oil and gas producing communities of derivation fund MOSOP welcomes resignation of Environment Minister, says HYPREP has failed Justice Ajumogobia slumps in court Boko Haram: Nigerian Military lifts suspension on UNICEF Buhari to state governors: Nigeria’s economy in bad shape FG commissions radio frequency monitoring equipment, national control centre

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (430,342 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (395,107 views) Shameless Genevieve Nnaji exposes breasts in public (328,001 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (281,771 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (248,050 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (229,382 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (212,282 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (193,456 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (179,862 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (170,620 views) Lagos plane crash: Journalist releases victims’ names (167,359 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (153,806 views)

 

CBN banner Zenith Zero Balance First Bank chat banking

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (76) Business & Economy (3,883) Business Verdict (54) Columnists (974) Complaints & Requests (95) Enterprise & Opportunities (208) Entertainment (575) Features (679) Global Business Monitor (313) International (2,828) Interview (167) Live Commentary (28) Love Matters (147) Maggie's Blog (74) News (41,445) Opinion (1,153) Pidgin (13) Politics (8,179) Religion (916) Sports (1,821) Stock Watch (35) AMA & Al Jazeera Global Update

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera