HighlightNews

Commonwealth delivers plans to speed up fight against ‘tsunami of global corruption’.

256

Secretary-General Patricia Scotland has outlined her vision to fight corruption in the Commonwealth at the opening of the 8th Commonwealth Conference of Heads of Anti-Corruption Agencies in Africa in Abuja.

“Globally, we are facing a tsunami of corruption. In 2015, UNODC estimated that the amount of money laundered globally each year is 2 to 5 per cent of global domestic product or between 800 billion and USD 200 trillion,” said Secretary-General Scotland. “It is estimated that corruption costs the African continent over USD 148 billion per annum.

“You, the heads of anti-corruption agencies, will be seeking to meet this challenge. You are leading the fight against this Tsunami. You are the early warning mechanisms, the rapid responders, mobilisers, you put in place necessary, critical measures that enable us to build back better.”

The theme for this year’s conference is ‘Partnering towards assets recovery and its return’, and the Secretary-General highlighted the challenges facing member states.

 

 

 

“I would like to share a few of the inspiring stories on how you on the continent are beginning to win the battle against corruption,” continued the Secretary-General. “Botswana’s Directorate on Corruption and Economic Crime is currently investigating 26 suspects who are accused of money laundering and fraud to the tune over 300 million pula, which is equivalent to USD 85 million.

“The Asset Recovery Unit of Uganda’s Inspectorate of Government is currently investigating three cases to the value of USD 5 million dollars. In Mauritius, the Asset Recovery Investigation Division is pursuing criminal proceedings in a case that is valued at about half a billion dollars.

 

“South Africa’s Special Investigations Unit which, between 2015 and now, has recovered assets or prevented fraud equivalent to 13 billion rand which is just over USD 1 billion dollars. Here in Nigeria, over USD 3 billion dollars of ill-gotten gains have been recovered.

“I would like to put on record my deepest admiration and gratitude for all anti-corruption agencies gathered here today, including those at the forefront of cases I have just highlighted.”

Secretary-General Scotland said the Commonwealth owed ‘immense gratitude’ for the wisdom and leadership of President Muhammadu Buhari of Nigeria.

The Secretary-General also encouraged delegates to read last month’s Commonwealth Heads of Government (CHOGM) communique which resolved to tackle corruption, illicit financial flows, money laundering and terrorist financing by intra-Commonwealth cooperation. She also urged them to study the newly launched Commonwealth Innovation Hub and make best use of the Commonwealth Office of Civil and Criminal Justice Reform (OCCJR).

“The Office is currently working with the British Standards Institute and the Global Infrastructure Anti-Corruption Centre on a package of Commonwealth Integrity benchmarks.

“The plan is for the benchmarks package to include a summary of requirements for key anti-corruption standards and commitments, with Commonwealth examples of good practice on implementation and enforcement,” said the Secretary-General. “Initial elements of the package will be presented during this conference, and feedback and recommendations from participants will be most valuable.

“I believe that the development and roll-out of a Commonwealth Integrity Index will act as a further weapon in our armoury to tackle this global tsunami. By doing so, we truly are working and acting towards the goal which I have so often enunciated.”

Secretary-General Scotland said that there would be a formal process of consultation with member countries to take all views into account. She anticipated that the benchmarks package could be presented for adoption in Rwanda at CHOGM 2020.

Leave a comment

Related Articles

Breaking: Supreme Court Nullifies National Lottery Act

The Supreme Court on Friday nullified the National Lottery Act 2005 enacted...

NNPC Ltd. hosts NSC boss, pledges support for revitalization of Nigerian football

In a significant move to boost Nigerian football, the Nigerian National Petroleum...

Nigerian youths essential to repositioning Africa, says VP Shettima

Vice President Kashim Shettima has reaffirmed the federal government’s commitment to youth...

Just in: Simon Ekpa ‘ll be extradited to Nigeria to face charges – Defence Headquarters

The Nigerian Defence Headquarters, Abuja, has announced plans to extradite Simon Ekpa,...

NPA’s CEO Dantsoho Makes History as First Nigerian Chairman of PMAWCA

In a groundbreaking achievement, Dr. Abubakar Dantsoho, Managing Director of the Nigerian...

Save for rainy day, Federal Accountant General urges state govts, emphasizes transparency, accountability

In a bid to ensure financial stability during adverse situations and economic...

Sacked UNIZIK VC Odoh to Tinubu: You can’t fire me through press release

Sacked Vice-Chancellor of Nnamdi Azikiwe University (UNIZIK), in Awka, Anambra State, Prof....

UBA to empower MSME’s with wealth management strategies at its ‘Built to Last’ series

As part of its commitment to deepen the growth and sustainability of...

Olopade assumes office as NSC DG, promises new lease of life for Nigerian sports

Bukola Olopade had assumed office as the Director General of the resuscitated...

Amid High Inflation Rate, IMF Pledges Support for Nigeria’s Economic Reforms

International Monetary Fund (IMF) President Kristalina Georgieva and her team met with...

Nigeria’s Super Falcons Ajibade, Nnadozie, Nominated for 2024 CAF Women’s Player of the Year

The Confederation of African Football (CAF) has announced the nominees for the...

Just in: FG announces reshuffle of governing councils at FUOYE, Kogi varsity

The Federal Government has made changes to the governing councils of Federal...

Exclusive: Eguavoen Opens Up on Declining NFF Contract Extension, Reveals Reasons

Super Eagles Coach, Austin Eguavoen, has revealed why he declined the Nigeria...

Boost for Nigeria’s Oil Production As NNPC’s Utapate Crude Grade Hits Global Oil Market

In a major boost for Nigeria’s crude oil production, revenue generation, and...

Just in: FG sacks varsity Pro-Chancellor for misconduct

The Minister of Education, Dr. Tunji Alausa, has announced the removal of...

Just in: INEC presents Certificates of Return to Ondo Gov. Aiyedatiwa, deputy

The Independent National Electoral Commission (INEC) has presented Certificates of Return to...

Breaking: Senate sacks Danladi Umar, Code of Conduct Tribunal chairman  

Following proven allegations of gross misconduct and unacceptable behaviour, the Senate on...

Just in: South Africa takes over G20 Presidency from Brazil, first African nation to lead the bloc

South Africa has taken over the presidency of the G20 from Brazil,...

Tinubu submits 3 INEC REC, federal commissioner-nominees for Senate’s approval

President Bola Tinubu has sent the name of Ondo Resident Electoral Commissioner,...