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N6.87 Trillion Stolen Yearly From Nigeria- African Union (AU) by sucess001(m): 1:55pm On Feb 06, 2015 |
Nigeria is the 7th world’s largest producer of hydrocarbon, and accounts for a staggering N6.87 trillion of lost revenue as a result of illegal transfers overseas according to the AU. Nearly 70% of the total revenue that Africa is losing annually. At the African Union Summit in Ethiopia Sunday, a report by the Thabo Mbeki High Level Panel on Illicit Financial Flows from Africa adopted by the African Union Heads of State said about $40.9billion (about N6.87trillion) of an estimated $60billion (about N10.08trillion) lost through such transfers from Africa are traced to Nigeria. The AU also said the funds are stolen through corruption, tax evasion and illegal transfer of profits by multinationals. Nigeria, produces an average of 2.3million barrels of oil daily and is the leading producer of hydrocarbon in Africa, and yet is being ravaged by poverty and underdevelopment. The report also identified Egypt and Morocco as the other countries with the largest estimates of illicit financial flows statistics of $28.2billion and $20.3billion respectively. Concerned by the high losses through these illegal transfers, as one of the threats to the inability of most resource-rich countries in Africa to meet their millennium development goals, MDGs, the AU at its 4th Joint African Union Commission/United Nations Economic Commission for Africa, AUC/ECA, Conference of African Ministers of Finance, Planning and Economic Development constituted the Mbeki Panel to review the underlying issues stalling Africa’s objectives. http://www.nigerianfm.com/n6-87-trillion-stolen-yearly-from-nigeria-reports-african-union-au/ |
Re: N6.87 Trillion Stolen Yearly From Nigeria- African Union (AU) by BeeBeeOoh(m): 2:01pm On Feb 06, 2015 |
Hmmm. Makai just comment my reserve |
Re: N6.87 Trillion Stolen Yearly From Nigeria- African Union (AU) by DesChyko: 2:11pm On Feb 06, 2015 |
All these shallow gists aren't the types I draw knowledge from. Without the details of discovery, how can one be absolutely sure of these facts? |
Re: N6.87 Trillion Stolen Yearly From Nigeria- African Union (AU) by sucess001(m): 5:00pm On Feb 06, 2015 |
DesChyko: this is the African Union talking....wat other authentification do you need? |
Re: N6.87 Trillion Stolen Yearly From Nigeria- African Union (AU) by DesChyko: 5:05pm On Feb 06, 2015 |
sucess001: Details, dude! Details. All these flippant tosses of figures isn't impressing anyone who takes accuracy serious. |
Re: N6.87 Trillion Stolen Yearly From Nigeria- African Union (AU) by sucess001(m): 5:14pm On Feb 06, 2015 |
DesChyko: google the story..its everywhere online... |
Re: N6.87 Trillion Stolen Yearly From Nigeria- African Union (AU) by Nobody: 5:33pm On Feb 06, 2015 |
sucess001: It doesn't matter, I was annoyed seeing $41billion being bamboozled from NG annually, then $21 and $20 billion in Egypt and Morocco. At the end I was disappointed that if this issue was of concern to the AU, there were no steps taken or being taken to prevent this in the future. In the end I begin to doubt many things.. |
Re: N6.87 Trillion Stolen Yearly From Nigeria- African Union (AU) by swtdrms(m): 5:40pm On Feb 06, 2015 |
Owh! Probably AU has become an appendage of APC, jonathanian with their usual lies and deceit. When different institutions the world over kept on uncovering unprecedented corruption of our gov't, their foolish supportets will always find a way to defend them. Let us kick Mr Stealing not Corruption #kickoutcluelessness |
Re: N6.87 Trillion Stolen Yearly From Nigeria- African Union (AU) by sucess001(m): 6:18pm On Feb 06, 2015 |
swtdrms: i tire ooo |
Re: N6.87 Trillion Stolen Yearly From Nigeria- African Union (AU) by Datsme: 6:51pm On Feb 06, 2015 |
NEW NATIONAL ANTHEM - Arise O compatriots Nigeria’s call obey To mark our Valentine With PVC and change The labour of our Chibok girls Shall never be in vain To vote Buhari en masse On May 29 in Aso Rock, Goodluck shall handover I pledge to vote for General Muhammad Buhari Because he is faithful, loyal and honest He will serve Nigeria with all his strength He will defend her unity and uphold her honour and glory So let there be CHANGE |
Re: N6.87 Trillion Stolen Yearly From Nigeria- African Union (AU) by sucess001(m): 9:53am On Feb 09, 2015 |
Datsme: Amen |
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