The speech is in 3 parts.....

1.  WE MUST TACKLE CORRUPTION TOGETHER, PRESIDENT BUHARI TELLS INTERNATIONAL COMMUNITY

President Muhammadu Buhari Thursday in London urged the international community to urgently create anti-corruption infrastructure and a strategic action plan to facilitate the speedy recovery and repatriation of stolen funds hidden in secret bank accounts abroad.

Speaking at the opening of the Anti-Corruption Summit hosted by Prime Minister David Cameron of Britain, President Buhari said that new measures against corruption that will be adopted by the summit should also include mechanisms that will assist countries like Nigeria to combat illegal activities such as crude oil theft to which, he said, Nigeria loses about $7 Billion annually.

"When it comes tackling corruption, the international community has unfortunately looked away for too long. We need to step up and tackle this evil together. That is why we have gathered here today.

"Corruption creates a system where resources are shared by a small elite while the majority wallows in poverty. Corruption also undermines the ability of countries to finance development.

"I recall in this regard, the landmark Addis Ababa Action Agenda of the 3rd International Conference on Finance for Development held in January this year.

"A prominent feature of that global framework is the recognition that good governance and measures to combat corruption and curb illicit financial flows will be integral to the effort to attain sustainable development globally by the year 2050.

"It is for this reason that my Government is determined to address illicit financial outflows which have served as a major impediment to progress in our country.

"I wish to reiterate our demand that the global community must come up with mechanisms for dismantling safe havens for stolen funds and facilitate the return of stolen assets to their countries of origin," President Buhari said.

In his opening remarks at the summit, Prime Minister Cameron applauded President Buhari's vigorous efforts to curb corruption in Nigeria.

Other speakers at the opening session included the President of the World Bank, Dr. Jim Yong Kim and the United States Secretary of State, Mr. John Kerry.

Femi Adesina
Special Adviser to the President
(Media & Publicity)
May 14, 2016




2. PRESIDENT BUHARI ANNOUNCES FRESH MEASURES TO ADVANCE WAR AGAINST CORRUPTION

President Muhammadu Buhari pledged Thursday in London that in furtherance of his administration's ongoing war against corruption, Nigeria will soon begin the full implementation of the principles of the Open Contracting Data Standard.

In Nigeria's country statement to the Anti-Corruption Summit hosted by Prime Minister David Cameron of Britain, President Buhari said that the Federal Government will apply the Open Contracting Data Standard to major projects in the oil, transportation, power, health, education and other sectors.

The Open Contracting Data Standard (OCDS) enables disclosure of data and documents at all stages of the contracting process by defining a common data model.

The publication of OCDS data ensures greater transparency in public contracting, and can support accessible and in-depth analysis of the efficiency, effectiveness, fairness, and integrity of public contracting systems.

President Buhari said that his administration is also taking steps to ensure greater transparency of the ownership and control of all companies involved in property purchase and public contracting.

"Nigeria is already collating this information through the Extractive Industry Initiative process and will extend it to other sectors.

"Nigeria will establish a transparent central register of foreign companies bidding on public contracts and buying property. We welcome the proposal by developed countries to work together to improve the access of developing countries to beneficial ownership information for use in public contracting, the President said.

President Buhari also welcomed a proposal to restrict the ability of those involved in corruption to travel, invest and do business overseas.

"We commit to joining the pilot initiative for automatic exchange of beneficial information. Nigeria commits to deploying public-private information sharing partnerships to bring together governments, law enforcement, regulators and the financial sector to detect, prevent and disrupt money laundering linked to corruption.

"We commit to work together to enhance company disclosure on the payments to governments for the sale of oil, gas and minerals, complementing ongoing work within the EITI.

"Nigeria is already reporting progress through the EITI working groups and will continue to work with interested countries to build a common understanding and strengthen the evidence for transparency in this area.

"We welcome voluntary disclosures through EITI reporting and by some major companies regarding payments to governments for the sale of oil, gas and minerals.

"We welcome the new 2016 EITI Standard, in particular the requirements on beneficial ownership and the sale of the government’s share of production. We will sign up to the Common Reporting Standard initiative.

"We commit to reviewing penalties and other actions against professional enablers of tax evasion, including for corporations that fail to prevent their employees from facilitating tax evasion.

"We support the development of a global commitment for public country by country reporting on tax information for large multinational enterprises.

"We commit to the strengthening of our asset recovery legislation, including through non-conviction based confiscation powers and the introduction of unexplained wealth orders.

"In order to improve on the current legal procedures and ease asset recovery procedures, we have drafted the Proceeds of Crime Bill which provides for the transparent management of recovered funds and assets and a non-conviction based approach to asset recovery.

"We will work with others countries, civil society, international organisations to support accelerated implementation of the voluntary provisions of the UN Convention Against Corruption (UNCAC) and we commit to the implementation of the outstanding obligations under the UNCAC.

"We support the establishment of an International Anti-Corruption Coordination Center to be managed by National Crimes Agency of Britain. We will work with NCA in promoting this centre in the African region," the President said.

Femi Adesina
Special Adviser to the President
(Media & Publicity)
May 14, 2016

3. STATEMENT BY HIS EXCELLENCY MUHAMMADU BUHARI PRESIDENT OF THE FEDERAL REPUBLIC OF NIGERIA AT THE ANTI-CORRUPTION SUMMIT HELD AT THE LANCASTER HOUSE, LONDON, UNITED KINGDOM, ON THURSDAY, 12TH MAY, 2016
➢ The Rt. Hon. David Cameron, Prime Minister of the United Kingdom of Great Britain and Northern Ireland and the Chief Host of the Summit,
➢ Fellow Heads of State of Government,
➢ Distinguished Ladies and Gentlemen,
I feel honoured and privileged to be invited to this Summit dedicated solely to combating corruption, a cankerworm in the social and economic fabrics of all countries. May I first commend Prime Minister Cameron for considering it worthy and timely to convene this Summit. I recall how he championed anti-corruption actions at home and in several international fora as well as his initiative to place tax, trade and transparency on the forefront of the G8 agenda a few years ago. As the Co-chair of the United Nations High Level Panel on the Post-2015 Development Agenda, he took the lead to galvanise agreement to place the anti-corruption fight at the heart of the global approach to combating poverty. Today, this accomplishment is embodied in Goal 16 of the Sustainable Development Goals (SDGs).
2. Corruption is one of the greatest enemies of our time. It runs completely counter to our values, as it rewards those who do not play by the rules and also creates a system of patronage where the resources are shared out by a small elite, while the majority are trapped in poverty. When it comes to tackling corruption, the international community has unfortunately looked the other way for too long. We need to step up and tackle this evil. This charge sums up why we are gathered here today.
THE ANTI-CORRUPTION STANCE OF THE PRESENT ADMINISTRATION
Excellencies,
3. Tackling corruption has been a defining feature of my public service. Upon assuming office on May 29th last year, I made fighting corruption as one of the three pillars of our Administration’s priority programmes. Indeed, when I came to office, corruption had become endemic and systemic, threatening the very foundation of our national life, security and democracy. As a result, I have demonstrated zero tolerance for corrupt practices by combating corruption head-on. We are determined to bring integrity to governance through leadership by example.
4. At the global level, Nigeria is committed to forging strategic partnership with willing countries to combat corruption. For too long, Nigeria has been a victim of both internal and international criminal cartels indulging in corrupt practices. This phenomenon is manifested in the plundering and stealing of public funds, which are then stashed away in secret offshore accounts. As a result, Nigeria is calling on this Summit to create an anti-corruption infrastructure and a strategic action plan that will include the monitoring, tracing and facilitating the recovery of stolen funds and assets hidden in secret accounts abroad.
5. The anti-corruption measures that we would adopt in this Summit should also include mechanisms that will assist countries like our own in combating illegal activities in the oil sector, involving oil theft that has become a serious threat to the national economy and security. It has been estimated that oil bunkering, which is akin to trade in “blood diamonds”, now costs Nigeria about 7 billion U.S. dollars annually. This Summit must, therefore, come up with measures to combat oil theft, which constitutes a credible threat to global energy security. Multinational oil companies and banks, international financial institutions as well as international shipping lines and insurance firms must cooperate fully with oil producing countries, such as Nigeria, in cleaning up our oil sector and freeing it from the clutches of international fraudsters.
UNDERSCORING THE RELEVANCE OF THE SUMMIT
Excellencies,
6. This Summit, the first of its kind focusing on anti-corruption, should be leveraged upon by world leaders to send a strong signal to the whole world that corporations and individuals can no longer get away with tax fraud, money laundering, transfer pricing and illicit funds transfer to offshore locations or tax havens. The outcome of this Summit should drive a global process to reduce, if not eliminate, corporate and individual corrupt practices. From today, we should hold these perpetrators to account and freeze their ill-gotten assets.
7. Furthermore, this Summit should adopt a global anti-corruption agenda that will include transparency, accountability, social justice, as well as fair and legitimate business practices and environment.
Excellencies,
8. Corruption undermines the ability of countries to finance development. I recall in this regard the landmark Addis Ababa Action Agenda of the Third International Conference on Financing for Development held in January this year. A prominent feature of this global framework is the recognition that good governance and measures to combat corruption and curb illicit financial flows will be integral to the efforts to attain sustainable development Post-2015.
9. It is for these reasons that the Nigerian government expressed its determination to address illicit financial flows as they serve as major impediments to progress. I wish to reiterate our call in Addis Ababa that the global community must come up with mechanisms for dismantling safe havens, and facilitate the easy return of stolen funds and assets to their countries of origin, as mandated in the United Nations Conventions Against Corruption and Transnational Organized Crimes. Let us seize this opportunity to act now.
10. We must henceforth see the anti-corruption fight, not as an end in itself, but as an instrument in the fight to eliminate poverty and restore the right order of things.
Excellencies,
11. I recall our proactive roles at the United Nations in the adoption of the 17 Sustainable Development Goals (SDGs) in September of last year. Goal 16 of the SDGs envisages a world with access to justice and open, accountable institutions as well as recognizes that governance has a development dividend. This provides us a platform to set new milestones for confronting international financial criminality and impunity.
12. May I plead that we seize the momentum generated by this Summit to design a rules-based architecture to combat corruption in all its forms. The hallmark of this new order must include greater transparency and accountability of all institutions, corporate bodies and individuals. It must also embody stricter enforcement regulations of governing international financial flows and tax havens.
Excellencies,
13. There is no question that corruption accounts for 10% of the cost of doing business globally. Equally true is that reducing corruption by the same proportion might add 380 billion U.S. dollars yearly to the world economy. These findings are illuminating. But our concerns in Africa go even beyond that
14. African countries have been accused of endemic corruption, although it is a universal evil. However, African countries have all too often been the victims of international corruption planned and executed from abroad using our own resources. The Report of the High Level Panel on Illicit Financial Flows from Africa, headed by Mr. Thabo Mbeki, former President of South Africa, revealed that Africa loses 50 billion U.S. dollars annually and has lost in excess of 1 trillion U.S. dollars in illicit financial flows over the last 50 years. This amount equals to the total sum of the Official Development Assistance (ODA) received by all African countries during the same period! This finding is as troubling as it is revealing.
15. We can begin to appreciate the stark reality that every dollar siphoned through dirty deals and corruption to offshore tax havens makes the livelihood and survival of the average African more precarious. We of the African continent, therefore, avail ourselves of this opportunity to call for an end to the plundering of our continent through organised international crime.
RECAPITULATION OF THE COMMITMENTS NIGERIA WANTS LEADERS TO SIGN UP TO AT THE SUMMIT
Excellencies,
16. To conclude, the new anti-corruption architecture that we seek to build must be ambitious, effective and deliverable. To this end, the commitments Nigeria hopes leaders here present to sign up to should include the following:
a) Tracing, freezing and returning stolen funds to their countries of origin without delay or preconditions. There have been substantial progress, but more remains to be done in this regard;
b) Combating illicit financial flows across international borders, particularly from Africa;
c) Initiating practical and enforceable international actions to tackle oil theft;
d) Introduction of stringent rules and regulations on the registration of beneficial or shell companies and disclosure of their transactions; and
e) A concerted international effort to address the general and pervasive problem of money laundering, which distorts the international financial markets, undermines good governance and serves as a conduit for financing the activities of criminal gangs, including terrorists.

17. May I finally again commend the British Prime Minister for convening this important Summit and I am hopeful that at its end, it will kick- start real action to combat corruption.
18. I thank you.

Source: http://www.trezzyblog.com/2016/05/full-text-of-president-buharis-speech.html

K

all these thrash and the fuel price is N145 booohari is a full

fantastically speaking, Cameron must read this.

More

stephenduru:
More

Another pic

Oh I get it, more like PDP in trouble, they will regret ruling dis country walahi, shege dan buruba!!

It is well

Eaugusta:
It is well

My sister it is not well oooo..... Truth be told

Fuel price don high....

Tomatoes don scarce....

Buhari’s brothers (herdsmen) killing people....

Lai Mohammed still lying to us.....

Kachikwu making fake promises......

Dollar is still traded for 319 naira and the CBN dullard governor is less concerned about it..... Smh


Where i go count am reach for you na....

Baba is so much loved out side Naija

Bubu is spitting faya


Cameron is hiding his face.


We are crushing Kworupzion like dis


GOD Bless Nigeria

What most people don't see is that Buhari is indirectly preventing his ministers from putting their hands in national till. As he is preventing those who have stolen from benefitting from their loots, so also it will be difficult for the current public officials to stash any looted funds.

Even though this may not curb corruption completely, but it will reduce it drastically. In fact, banks would now be more careful in dealing with looted funds. Nigeria shall be great.

I believe Nigerians know what is good for them. This is good for you.

benedictnsi:



My sister it is not well oooo..... Truth be told

Fuel price don high....

Tomatoes don scarce....

Buhari’s brothers (herdsmen) killing people....

Lai Mohammed still lying to us.....

Kachikwu making fake promises......

Dollar is still traded for 319 naira and the CBN dullard governor is less concerned about it..... Smh


Where i go count am reach for you na....

My brother that's the change Lol

TANTUMERGO007:
all these thrash and the fuel price is N145 booohari is a full

fool u mean?