The Independent Corrupt Practices and other Related Offences Commission (ICPC) has said Nigeria accounts for the bulk of Africa’s $90 billion assets stashed abroad yearly. It regretted that the continent never received the same amount in aid from development partners in 12 months.ICPC Chairman, Prof. Bolaji Owosanoye, at an African Union (AU) event in Bauchi, lamented that the citizens suffer one denial or the other on account of graft.

Represented by the ICPC commissioner in the state, Abubakar Dutsinma, he said tax fraud and illicit financial flow investigations were also being conducted by the commission as well as prosecution of corruption and money laundering. He hinted that efforts were geared towards the recovery of stolen wealth for Nigeria’s transformation.

The ICPC boss said: “Millions of Nigerians suffering denial of basic social services and lack of infrastructures such as hospitals, schools, water and employment will receive succor when stolen assets are recovered.“When you return stolen wealth to the original owner in a way that obviously makes the concealment of same difficult at all times, there is less controversy in corruption fight, future perpetrators are prevented from such evil enterprise while the common people that were made poor by activities of thieves get to rejoice and bask in general prosperity.”

However, a non-governmental organization, United Global Resolve For Peace (UGRFP), has urged President Muhammadu Buhari to take the fight against corruption to government-owned institutions. The group was reacting to last week’s Transparency International (TI) survey which rated the police, parliament and judiciary as the most corrupt establishments in Nigeria.

The study was titled: “Global Corruption Barometer Africa 2019: Citizens’ Views and Experience on Corruption.” The global agency noted that graft was a major barrier to economic growth, good governance and basic freedoms.UGRFP made the reservations through its Executive Director, Shalom Olaseni.

Besides, the Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, has identified self-discipline as most essential ingredient in the fight against graft and other vices. He made the submission at the weekend in Ibadan when the commission led thousands of residents of the ancient city in a fitness walk/physical exercise. The Ibadan Zonal Head of the anti-graft body, Friday Ebelo, drew the link between regular physical exercise and the ability to tackle corruption.The walk was third in the series.

https://www.akelicious.net/2019/07/nigeria-accounts-for-bulk-of-africas-90.html

Even though they return all the looted money to nigeria,our politiefcian will still reloot it to their private accounts.

makdcash:
Even though they return all the looted money to nigeria,our politiefcian will still reloot it to their private accounts.

Lol its called loot recycling! Whereby you steal and they catch you and the catcher steals it and keeps it.. like that like that

Sometime I just got tired of the people ruling us, all of them..
and EFCC wont see these people

Rank your business on Google/ YouTube fast
check result in my profile and act fast

All we see are figures. They never manifest in infrastructure.

Death penalty is needed for all looters.

It's an impoverished mind that would stash up cash abroad

Great record
Keep it up

yay! Achievement

When military generals can move millions



Right under saint buhari. What is 90b

Indeed Nigerians are enemy of ourselves.

Shithole

I am a website designer and developer...check my signature

Nigeria under PMB is in deep shit...

Nonsense talk, we know what is at play in dis country.

That's right.

Clickwap:
Good morning. I am a 300 level student of the university of Ibadan and i am in need of financial assistance. I need the sum of #30000 to pay my school fees as i am financially incapable to do so and the deadline for payment is this week. Please I will like to call on everyone to assist me.
Bank: Zenith
Account Number: 2117245329
Thank you.

Online beggar spotted pls help him out if u can. APC come bail am out

Nigerians are too corrupt. And that's why we can't move forward as a country. Not only in Government organizations, the corruption in Private sectors are worse than what we see in government sector.


Why stash cash abroad? This is the only reason I hated how James Ibori, former govenor of Delta State, was treated. He is the only politician that stole and re-invested it in Nigeria. At least, he gave many jobless Nigerians little hope of living.

Nigeria needs to do like America and create and environment for the looters to enjoy their loot inside Nigeria. That way they will indirectly help the economy

makdcash:
Even though they return all the looted money to nigeria,our politiefcian will still reloot it to their private accounts.

....you got me rolling on the floor

Nice one

donprinyo:


Online beggar spotted pls help him out if u can. APC come bail am out

. No need for insults, if you can't help don't discourage those that can pls. Good morning

Dredgemaster:
. No need for insults, if you can't help don't discourage those that can pls. Good morning

What a shame? Where am from its a shameful thing to ask strangers for money. Try it and see how ur life will change for beta. Go and hustle.

unless the death penalty is pronounced on looters,

the shithole remains doomed!

donprinyo:

What a shame? Where am from its a shameful thing to ask strangers for money. Try it and see how ur life will change for beta. Go and hustle.

. Where I'm from, it's a privilege to be able to help, try it and see how it feels

Ok

With Abacha loot alone 40% of the fund