Connect with us

Politics

Abacha Loots: FG to Spend $320m Loot on the Masses

Published

on

 

Abdullahi Mohammed

In an attempt to improve the of living of an average Nigerians the federal government has promised to spend the that $320 million stolen funds by former late Head of State, Gen. Sani Abacha, would be spent on the Conditional Cash Transfer scheme of the administration to support the poor.The Presidency made this promise in a statement on Monday.

As the special guest of honour in the official opening of the 8th Commonwealth Conference of Anti-Corruption Agencies in Africa, Buhari, who was  represented by Vice President, Yemi Osinbajo, said it was one condition given by the Switzerland authorities for the repatriation of the funds.

Buhari said that The Global Forum on Asset Recovery after its inaugural meeting in Washington, DC, in December 2017, had facilitated efforts toward asset recovery and return.

“The GFAR saw the signing of a Memorandum of Understanding between Nigeria and the Government of Switzerland for the return of an additional USD$320 million of the Sani Abacha loot.

“Included in that agreement is the commitment that the funds would be invested in one of the Nigeria’s flagship social investment programmes, the Conditional Cash Transfer scheme targeted at the poorest and most vulnerable households in our country.”

The President declared that corruption had continued to be one of the greatest challenges in the continent and called for international collaboration to stem the “scourge”.

He quoted a 2014 report by the One Campaign titled: “One Trillion Dollar Scandal”, which claimed that developing countries lost $1 billion annually to corporate transgressions, with most of them traceable to activities of companies with secret ownership.

The President recalled another report in 2015 by the High Level Panel on Illicit Financial Flows from Africa, chaired by former South African President Thabo Mbeki, which stated that Africa had lost over $1 trillion over a 50-year period.

The report added that Africa had lost more than $50 billion annually to illicit financial flows mostly perpetrated in the extractive sector and through companies with hidden ownerships.

Buhari noted that the cost of corruption imposed on all African countries and governments a moral obligation to fight it with vigour and political will.

He said it should be done by strengthening all institutions and systems involved in law enforcement as well as in promoting a culture of transparency and accountability.

According to him, while public sector corruption is the usual focus, the private sector’s complicity is significant, as when large multinational corporations engage in tax evasion or transfer pricing.

He noted that it was the complex web of public-private collusion and connivance that resulted in proceeds of corruption ending up in foreign countries and especially in their financial institutions and systems.

He said: “Dismantling the conspiracies that facilitate export of stolen assets is probably as important as the theme of this conference: “Partnering towards Assets Recovery and Return”.

“It underscores the fact that fighting corruption is futile if we do not ensure that the proceeds of corruption find no safe haven.

“Recovering stolen assets not only accomplishes the goal of restitution, it also serves as a potential deterrent to future corruption.”

Buhari decried the absence of a legal basis for cooperation in some countries, differences in legal and procedural frameworks, language barriers, bank secrecy, jurisdictional issues, a lack of funding as obstacles to effective mutual legal assistance.

He, however, expressed gladness on the renewed commitment to collectively identifying the most effective means of overcoming all of the existing legal and technical obstacles to asset recovery and return.

The President urged African countries to come together to keep the issue of asset recovery and return on the front-burner of international discourse and also work hard to build cooperation and mutual understanding with global partners.

He said: “We must insist that recovered stolen assets be returned to the country of origin, without any preconditions, in line with Article 51 of United Nations Convention against Corruption.

Buhari said that States should agree to apply the highest standards possible of transparency at all stages not just of the recovery and return process, but also in the management and disposal of recovered and repatriated assets.

He also called on governments of African States to adequately fund their anti-corruption agencies as the fight against corruption was far more sophisticated, vicious and nuanced than ever before.

He said: “We must provide adequate resources to investigate, adequately equip operatives, protect their families, protect whistleblowers and witnesses.

“Let me say to you Heads of Anti-Corruption Agencies in Commonwealth Africa that you have found yourselves in roles that could change the destinies of your nation if you deliver on your mandates.

“You simply cannot afford to fail; on our part as the Government of Nigeria we are irrevocably committed to the fight against corruption.”

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Politics

Atiku’s America visit: Check your BP, Frank urges Buhari, APC leaders, supporters

Published

on

To avoid unforseen circumstances, the former Deputy National Publicity Secretary of the All Progressives Congress (APC) has advised the leaders of the ruling party, including President Muhammadu Buhari and its supporters to ensure a check of their Blood Pressures over Thursday’s visit to America by the candidate of the Peoples Democratic Party (PDP) Alhaji Atiku Abubakar.

Frank said the advice becomes necessary because the former Vice President was demonized through some propagandists in the ruling party that Alhaji Atiku will be arrested in United State of America anytime he visits the country, adding that the recent development has proven otherwise.

Reacting in a statement Frank signed on Friday, he said Atiku’s Thursday’s visit to America and his acceptance by the US government has shown the world, especially Nigerian voters that all campaign of colony against the Waziri Adamawa were just propaganda to demonise him, which Nigerians should disregard.

According to Frank, going to America wouldn’t have being an issue if not for the challenge APC threw at Atiku and to prove to the world that he (Atiku) has never been indicted of corruption allegation anywhere in the world.

Frank said Thursday’s night must have been a sleepless one for some leaders of APC who had lied to their supporters about Atiku.

“APC made it a campaign issue that Atiku can never step on American soil without being arrested. In fact, I have read so many APC supporters who vowed to vote for Atiku if he does. Now, I believe they can now deal with it.

“Obviously stunned by the reality, I advice those of you still in APC or supporting President Muhammadu Buhari’s re-election bid to have a change of mind now by joining the moving trains because the development has nailed the coffin of the APC’s propaganda.”

While thanking the American government for its fairness and refusal to succumb to blackmails by the APC apologists, Frank said that Atiku’s visit to America is about economy development of Nigeria, creating conducive businesses environment and create massives jobs for Nigerians.

He added that Atiku Abubakar’s presidency will strengthen the relationship between Nigeria and the United State of America if elected.

“Recall a statement credited to the Minister of Information and Culture, calling of the US not to give Atiku a Visa to the country. Lai Mohammed also stated that if Atiku is given a visa it will amount to an endorsement by the US government.

“The Minister should now know as predicted by him that by the special grace of God America will endorse Waziri Adamawa because he is a better candidate than President Muhammadu Buhari.”

Continue Reading

Politics

Bayelsa is the new model of transformation- Dikson

Published

on

The governor of Bayelsa state, gov Henry Seriake Dickson has disclosed that the state is the new model of transformation in Nigeria today.

Gov Dickson who was a recipient of the prestigious Daily Asset newspaper award in Abuja, as the man of the year 2018 noted that a visit to the state will convince every doubt.

The governor who was represented by the commissioner of Information and strategy Daniel Iworiso Markson emphasized that the state does not go shopping for award.

According to the information commissioner, the restoration agenda places top priority on free education as a means to place bayelsa on the world map.

“Let it be on record the we do not go shopping for awards, the awards have been coming and are still because of the tremendous work ongoing in our state.

“The people of Bayelsa are privileged to have a governor like the country man governor at the helm of affairs, Bayelsa state is the new model of transformation in Nigeria. You need to see the state 7 years ago when we came into office but coming back to Bayelsa today, you will find it hard to recognize.

“In the state today, we have an international airport, we have one of the best public schools in the country where we are giving young people free education from primary to secondary. So this award is just a testimony to the fact that the world recognizes what we have done in Bayelsa and what we are still doing”.

The governor who thanked the organizers of the award said that recognition such as this will spur his administration to work harder.

Other recipient of the daily asset award include Speaker, House of Reps, Rt Hon Yakubu Dogara, Governor Benue state, Dr Samuel Ortom, Governor of v state, Dr Ifeanyi Okowa and post humous award was given to late miss ochanya Elizabeth, as the daily asset young person of the year 2018 for being asexually abused by her guardian among others.

Continue Reading

Politics

Plagiarism Controversy: APC in a Manifesto Mess, Accused Hackers of Conspiracy

Published

on

It was mild drama as the ruling All Progressive Congress( APC)caught in another plagiarism controversy mess as it was accused of plagiarism in its manifesto that was themed “keeping America safe and secure” . It was a featured on its website in a section which was dedicated to energy policy ahead of a general election slated for February.

It was speculated with the title , “Our first priority is keeping America safe and secure”, and featured rambling copy critics said was likely lifted from other websites.

It is no longer news that the Ruling party ,headed by president Muhammadu Buhari was accused in the past of plagiarism,notably the president swearing in speech in 2015.

The former aide for ex-Nigerian president Goodluck Jonathan, Reno Omokri,who in the past has been one of the famous critics accused the APC of “obviously” lifting the language “from Donald Trump”, though it is not clear when or even if the US president ever used the wording.

Refuting the allegation, was the APC spokesperson, Lanre Issa-Onilu, who blamed it on hackers and mischief makers and stated on Twitter that the website had been “hacked” and “unauthorised content” posted on it, adding that the party won’t allow the desperate people to succeed in their evil plots.

It was gathered that the content was quickly change and replaced with new innovation and inscriptions.

Nigerian could still recalled that ,it is not the first time the APC has been accused of plagiarism where in 2016, president Buhari was forced to apologise after it was revealed that a number of contents in a speech launching his presidential campaign had been lifted from the then American president , Barack Obama’s 2008 presidential victory speech.

Continue Reading

Trending