July 16, 2024
11 11 11 AM
FORMER LAWMAKER URGES STATE GOVERNORS TO SUPPORT LOCAL GOVERNMENT AUTONOMY   
KANO STATE HAS NOT RECORDED CHOLERA CASES-COMMISSIONER
UNITED ARAB EMIRATES HAS LIFTS THE VISA BAN ON NIGERIAN PASSPORT HOLDERS 
KEBBI STATE PDP TAKES STAND, RESOLVED TO PARTICIPATE IN COMING AUGUST LOCAL GOVERNMENTS ELECTION
DELTA STATE GOVERNOR SWEARS IN 25 COUNCIL CHAIRMEN 
SIR AHMAD BELLO MEMORIAL FOUNDATION CAUTIONS YOUTHS AGAINST MASS PROTEST 
NAF AIRSTRIKES HIT TERRORISTS LOCATIONS AT GIWA AND IGABI LGA OF KADUNA STATE 
DELTA STATE LOCAL GOVERNMENTS ELECTION UPDATE
PLATEAU STATE GOVERNMENT TO INUAGURATE TECHNICAL COMMITTEE ON INTEGRITY TEST FOR BUILDING STRUCTURES
KWARA GOVERNMENT DISBURSES N32.6M TO VICTIMS OF LAGOS MARKET INFERNO

ICPC & CODA AGREE TO STRENGTHEN CO-OPERATION TOWARDS TACKLING ILLICIT FINANCIAL FLOWS, CAPAR

Share

ICPC & CODA AGREE TO STRENGTHEN CO-OPERATION TOWARDS TACKLING ILLICIT FINANCIAL FLOWS, CAPAR                                                                        20-03-24

By Sadiq Aminu                                                        The Independent Corrupt Practices and Other Related Offences Commission, ICPC and the Coalition for Dialogue on Africa CoDA have agreed to strengthen their cooperation towards tackling the Illicit Financial Flows and providing support for the Common African Position on Asset Recovery CAPAR.

The Chairman of the ICPC, Dr. Musa Aliyu, a Senior advocate of Nigeria, stated this during the visit of the Executive Director of CoDA and Head of the Secretariat of the African Union High-Level Panel on Illicit Financial Flows, Mrs. Souad Aden-Osman, to his office.

The ICPC Chairman said, “The Commission will continue to work with CoDA and support the fight against illicit financial flows. We are ready to help CoDA.

“We need to tackle the menace of illicit financial flows. There is an absolute need for us to come together to jointly fight and eradicate the menace until the battle is won and Nigeria and Africa are free from illicit financial flows.”

Dr. Aliyu gave assurance that the Commission would continue to be represented at the Working Group on the implementation of the recommendations of the African Union High-Level Panel on Illicit Financial Flows.

Earlier, the CoDA Executive Director, Mrs. Souad Aden-Osman, recalled that the organization had on January 27, 2022, entered into a cooperation agreement with the ICPC on implementing CAPAR and reversing illicit financial flows.

She explained that the agreement was to regulate the relationship between the parties in pursuing their common objective towards advancing asset detection and identification, asset recovery and return, asset management as well as cooperation and partnership in Africa.

Aden-Osman disclosed that the African Union had in January 2015 adopted a Special Declaration on Illicit Financial Flows towards addressing the increasing scale and extent of the menace from Africa.

On the Common African Position on Asset Recovery, CAPAR she stated that the Assembly of African Union Heads of State and Government adopted a common position during its 33rd Session in February 2020.

Acknowledging the vital role Nigeria has played in the African Union’s Special Declaration on IFFs and the adoption of CAPAR, the Head of the Secretariat of the African Union High-Level Panel urged the country and the ICPC not to relent in championing the cause.

She informed the ICPC boss that the African Union had commenced an assessment of Nigeria and other African Countries on their national response level and implementation status of the recommendations of the AU High-Level Panel on Illicit Financial Flows.

She emphasized that the assessment would cover the state of IFFs in African countries and ongoing efforts of African Governments to reduce the menace and also provide baseline information to guide the design of possible interventions aimed at strengthening the capacities of AU member-states to combat illicit financial flows and mobilize domestic revenues.

0 0 votes
Article Rating

Leave a Reply

0 Comments
Inline Feedbacks
View all comments
Home
Our Channel
About Us
Contact Us
0
Would love your thoughts, please comment.x
()
x