Connect with us

News

Fighting corruption, illicit financial flows in Nigeria is non-negotiable – Buhari

Published

on

“For my administration, fighting corruption and Illicit Financial Flows (IFFs) in Nigeria is non-gegotiable’, This was the statement by Muhammadu Buhari, President of the Federal Republic of Nigeria to Thabo Mbeki, former President of the Republic of South Africa and Chair of the AU/ECA High-Level Panel on Illicit Financial Flows from Africa.

The Chair visited the President who is also the current Champion of AU Anti-Corruption Campaign, to follow up on the efforts of AU Member States to implement the recommendations of the High-Level Panel Report (endorsed by the AU in 2015) and ultimately tackle IFFs nationally.  The visit also saw the Chair call upon the President in his capacity as the AU Anti-Corruption Champion to lead the efforts to engage action from other AU Member States towards tackling IFFs at the national, regional and continental level.

Prior to the Presidential visit, Mr. Mbeki met with representatives of the Ministries, Departments and Agencies (MDAs) of the Federal Government of Nigeria which deal with Financial and legislative matters to gain an understanding of the country’s ongoing efforts to tackle Illicit Financial Flows.

In his remarks to the MDAs, the Mbeki recalled the 2015 Special Declaration to address IFFs, which was a realization by African leaders of the excessive losses due to illicit outflows. “The view was that the continent was losing resources which should have been available for its development to these illicit outflows,” he said. He emphasized the level of losses from IFFs, which at the time of the Panel’s Report was 50bn USD annually, but has now grown to about 80bn annually.  He also indicated on a more positive note that, “Africa has led this agenda and brought it to global attention. This was evident when the African Heads of States asked our Panel to help address this issue”.

Mr. Mbeki highlighted some of the recommended actions to address these IFFs saying that Nigeria and in turn, all other AU member states need legislation to deal with money laundering, financial intelligence and tax evasion. He underlined that this issue also requires action from global partners stressing, “since these funds leave the continent to destination countries, this problem cannot be solved by Africa alone. He acknowledged the capacity constraints nationally and continentally, saying, “As Africans, we must say that having identified the nature and size of the problem, we must work to address the issue. We need to act on this matter in any capacity necessary.”

The Deputy Executive Secretary and Chief Economist of the United Nations Economic Commission for Africa (ECA), Abdalla Hamdok for his part said that as a result of the Chair’s leadership, Africa was able to put the challenge of illicit finance on the global map. He referred to the Panel’s work and Report, whose impact has led to several important continental and global frameworks, including the Addis Ababa Action Agenda, as well as its inclusion in the Sustainable Development Goals.

As the Chair is required to report back to the AU Assembly of Heads of States and Government annually on the progress of implementing the recommendations of his Panel’s Report, Mr. Hamdok said, “Several actions are being carried out, including this visit to Nigeria to determine the state of reaction to this issue, as well as “a technical project which is being worked on by the ECA to help capacitate AU member states against IFFs. Mr. Hamdok also stressed that all these efforts and those not yet mentioned are still, however, based on political will, which is crucial to reducing IFFs from the continent.

Abubakar Malami, Attorney General of the Federation (AGF) for his part elaborated on Nigeria’s efforts to implement strategies to curb corruption and reduce IFFs. “We have taken major multi-dimensional policy decisions relating to institutions, legislations…and above all, recognizing the need for international collaboration as it relates to the fight against corruption and the minimization of illicit financial flows”. He noted that through legislative processes, Nigeria has “succeeded in establishing and capacitating institutions which are mandated with the statutory role of working to enforce financial regulations as well as tackle various misconducts including corruption and IFFs.”

He also detailed the efforts of the country in fighting corruption and IFFs through the deployment of relevant technology and international collaboration. Additionally, he highlighted the need for collaboration to make it more difficult for IFF perpetrators to move freely, invest in businesses and benefit from the proceeds of crime. He stressed that “we must work to repatriate these funds from the external perpetrators while working to detain them.

The Permanent Secretary of Finance, Mahmoud Isa-Dutse delivered remarks on behalf of the Minister of Finance for Nigeria. In the speech, he commended the Chair and Panel for fighting this plague saying that IFFs have robbed Africa of the required wealth to help build schools, hospitals, roads and other necessary infrastructure. He added that the quest for Africa’s financial development will be accelerated if the efforts to recover these lost funds are successful and the continent’s development will no doubt receive a necessitated boost. In this regard, he spoke about the work of the Nigerian Extractive Industry Transparency Initiative (NEITI), which is being led by the Minister of Finance. This effort has helped the country recover lost assets from taxes because of the increased transparency.

The two-day event culminated with a technical workshop with Thabo Mbeki. Raymond Baker, President, Global Financial Integrity and Member of the High-Level Panel as well as the Secretariat of the Panel meet with the representatives of the financial agencies and departments. Part of the objectives of the workshop was to discuss the ECA’s proposed Development Assistance Project which aims to support Nigeria and other member states in the fight against IFFs. Following this visit, the Secretariat is expected to further engage the government of Nigeria and foster collaboration to build its capacity to stem IFFs from the country.

Comments

News

Twelve Inmates Escape in Kotonkarfe Jailbreak

Published

on

By

Twelve inmates have escaped from the Federal Correctional Centre in Kotonkarfe, Kogi State, following an early morning jailbreak on Monday.

Confirming the incident, the Kogi State Commissioner for Information, Kingsley Fanwo, described it as “unfortunate” and assured the public that the government, in collaboration with security agencies, was taking measures to prevent a recurrence.

According to Fanwo, law enforcement officers have already re-arrested one of the escapees.

“The theory that the inmates escaped through the tower without causing any structural damage raises serious concerns. This calls for a thorough investigation to determine the exact circumstances of the escape, arrest the fleeing inmates, and identify possible saboteurs within the system,” he stated.

The commissioner further disclosed that Governor Usman Ododo has directed security agencies to ensure that such breaches do not happen again.

“We call on the public to report any suspicious individuals in their communities. Anyone found harbouring an escaped inmate will be held accountable,” Fanwo warned.

Reassuring residents, he added: “There is no cause for panic. We encourage citizens to go about their daily activities as normal, knowing that the security of lives and property remains our top priority.”

Authorities have yet to disclose further details about the escapees or ongoing efforts to apprehend them.

Continue Reading

News

Trump Ends Legal Status for Over 500,000 Immigrants, Orders Mass Expulsions

Published

on

By

The United States has announced the termination of legal status for over 500,000 immigrants, ordering them to leave the country within weeks, as President Donald Trump pushes forward with what he calls the largest deportation campaign in American history.

The sweeping directive, issued on Friday, affects approximately 532,000 Cubans, Haitians, Nicaraguans, and Venezuelans who arrived under a programme launched by Trump’s predecessor, Joe Biden, in October 2022 and later expanded in January 2023.

According to the Department of Homeland Security (DHS), the affected immigrants will lose their legal protections 30 days after the order is published in the Federal Register on Tuesday. This means they must leave the United States by 24 April, unless they secure another immigration status permitting them to stay.

Welcome.US, an organisation that supports asylum seekers, has urged those impacted to “immediately” seek legal counsel regarding their options.

A Reversal of Biden’s Immigration Policy

The Processes for Cubans, Haitians, Nicaraguans, and Venezuelans (CHNV) programme, introduced in January 2023, allowed up to 30,000 migrants per month from these nations to enter the United States for two years. The initiative was designed to offer a “safe and humane” alternative to the dangerous crossings at the US-Mexico border, which had seen a surge in arrivals.

However, the DHS reiterated on Friday that the programme was never meant to provide permanent residency.

“Parole is inherently temporary, and parole alone is not an underlying basis for obtaining any immigration status, nor does it constitute an admission to the United States,” the agency stated.

Mass Deportations Under Trump

Trump, who has made immigration control a cornerstone of his presidency, has vowed to crack down on migrants—particularly those from Latin America.

Last week, he invoked rare wartime legislation to deport more than 200 alleged members of a Venezuelan gang to El Salvador, a country that has controversially offered to imprison both migrants and U.S. citizens at a discounted rate.

The latest order signals Trump’s intent to follow through on his hardline immigration policies, raising concerns among human rights advocates about the humanitarian impact of such mass deportations.

Continue Reading

News

Trump’s Foreign Aid Cuts Push 80,000 Nigerian Children to Brink of Starvation – UNICEF

Published

on

By

Tens of thousands of malnourished Nigerian children face a dire future as lifesaving food supplies are set to run dry, the United Nations Children’s Agency (UNICEF) warned on Friday, attributing the crisis to a funding shortfall exacerbated by U.S. foreign aid cuts under President Donald Trump’s administration.

The agency said that within the next two months, 80,000 children suffering from severe acute malnutrition in Nigeria could lose access to vital treatment, while a total of 1.3 million children under five in Nigeria and Ethiopia remain at risk of starvation this year.

“Without new funding, we will run out of our supply chain of Ready-to-Use-Therapeutic-Food by May, and that means that 70,000 children in Ethiopia that depend on this type of treatment cannot be served,” UNICEF’s Deputy Executive Director, Kitty Van der Heijden, said in a video press briefing from Abuja. “Interruption to continuous treatment is life-threatening.”

The situation in Nigeria is even more urgent, with UNICEF warning that food supplies for malnourished children could be exhausted as early as the end of this month. Van der Heijden recounted a harrowing experience at a hospital in Maiduguri, where she saw a child so severely malnourished that her skin was peeling off.

U.S. Aid Suspension Escalates Crisis

UNICEF’s funding crisis follows a significant drop in international donor contributions in recent years, compounded by the U.S. government’s decision to halt all foreign aid for 90 days upon Trump’s return to the White House in January.

According to Reuters, the U.S., a major donor to UNICEF, implemented sweeping suspensions on USAID programmes worldwide, disrupting the delivery of essential food and medical aid. The impact has been catastrophic, with global humanitarian efforts thrown into disarray.

“This funding crisis will become a child survival crisis,” Van der Heijden warned, adding that the abrupt nature of the cuts left UNICEF unable to cushion the impact.

Health Services Crippled in Ethiopia

Beyond food shortages, UNICEF highlighted the devastating effects of the funding crunch on health services in Ethiopia. Programmes providing nutrition and malaria care for pregnant women and children have suffered, with 23 mobile health clinics shut down in Afar, leaving only seven operational.

As the crisis unfolds, humanitarian organisations continue to urge global donors to step in and prevent a full-blown catastrophe. Without urgent intervention, tens of thousands of children in Nigeria and Ethiopia may not survive the coming months.

Continue Reading

Trending