Naira Redesign: Malami Is Public Enemy - Tinubu Campaign Council

Malami Seeks Foreign Collaboration To Stop Fraudulent Financial Flows

by Victor Ndubuisi
A+A-
Reset

The Attorney-General of the Federation and Minister of Justice, Abubakar Malami, SAN has said that nations need to cooperate so as to stop the unlawful movements of money or capital from one country to another.

Malami made this known during the International Conference on Illicit Financial Flows (IFFS) and Assets Recovery program organised by the Independent Corrupt Practices and Other Related Offences Commission (ICPC), which held between 18th and 19th May, 2021 in Abuja.

Anaedoonline.ng earlier reported that Malami had on Tuesday revealed that the federal government had recovered over $700m from the United States, the United Kingdom, Switzerland, and Ireland, in the last four years, adding that more could be achieved with international support.

Nigeria, others worry about illicit $100bn flow from Africa

In a statement by his spokesperson, Dr. Umar Jibrilu Gwandu, Malami, the AGF further called for consensus building and multilateral approach amongst nations as way of addressing the challenges of illicit financial flows.

Advertisement

“There is no doubt that international and regional cooperation is key in achieving this goal as no one country can do it. Therefore, we must all work together. This is what the Financial and Accountability, Transparency and Integrity (FACTI) Panel’s report released in February 2021 is telling us.

“How we meet the recommendations of the panel in order to achieve the 2030 Agenda for sustainable Development is a global and regional challenge,” he said on Wednesday.

The AGF who was represented by Special Assistant to the President on Justice Reform and International Relations, Mrs. Juliet Ibakachukwu, said the recovery of looted fund would be channeled toward the development of critical sectors in Nigeria.

22 Ex Nigerian Governors, Others Under Probe For Corruption-Malami

The development is coming after the FG said it had received about £4,214,017.66 looted by former Delta State Governor, James Ibori, and his associates.

The funds have been earmarked for the Second Niger Bridge and other projects.

Advertisement

 

Follow us on Facebook

Advertisement
Post Disclaimer

The opinions, beliefs and viewpoints expressed by the author and forum participants on this website do not necessarily reflect the opinions, beliefs and viewpoints of Anaedo Online or official policies of the Anaedo Online.

You may also like

Advertisement