Welcome To NaijaSky


For Teeth sensitivity

Author Legal framework needed to repatriate looted funds says Buhari  (Read 11 times)

Description:

0 Members and 1 Guest are viewing this topic.

Offline Isaac Adeniran

  • Offline Income for Online Marketing
  • Administrator
  • *****
  • Posts: 11754
  • Gender: Male
    • Share Post


Legal framework needed to repatriate looted funds says Buhari

In his remarks, President Muhammadu Buhari said there was a need for countries to come up with a legal framework that would make it easy for the repatriation of stolen funds.

Buhari, who was represented by Vice-President Yemi Osinbajo, said the absence of legal basis for cooperation in some countries, differences in legal and procedural frameworks, language barriers, bank secrecy rules, jurisdictional issues, lack of funding were some of the obstacles standing in the way of effective mutual legal assistance.




Linkback: http://naijasky.com/politics/1758/legal-framework-needed-to-repatriate-looted-funds-says-buhari/36831/

NaijaSky


Offline Isaac Adeniran

  • Offline Income for Online Marketing
  • Administrator
  • *****
  • Posts: 11754
  • Gender: Male
    • Share Post
Re: Legal framework needed to repatriate looted funds says Buhari
« Reply #1 on: May 15, 2018, 03:41:53 AM »
He added, “While public sector corruption is the usual focus, the private sector complicity is significant especially with large multinationals engaged in tax evasion but it is the more complex web of public-private collusion and connivance that results in proceeds of corruption ending up in countries and their financial institutions and systems, dismantling the conspiracies that fasten the export of stolen assets is probably as important as the theme of this conference.

“It underscores the fact that fighting corruption is futile if we do not ensure that the proceeds of corruption find no safe haven and that such proceeds are fully recovered.”

Also speaking, the Secretary-General of the Commonwealth, Ms. Patricia Scotland, said English-speaking countries in Africa were beginning to wake up to their responsibilities as regards fighting corruption.

She commended the Buhari government for recovering $3bn.

NaijaSky

Re: Legal framework needed to repatriate looted funds says Buhari
« Reply #1 on: May 15, 2018, 03:41:53 AM »


Share via facebook Share via linkedin Share via twitter

clip
How Diezani ignored due process in handling of N59.44 billion ‎NNPC funds – Audi

Started by naijatowns

0 Replies
98 Views
Last post September 11, 2017, 05:51:09 AM
by naijatowns
xx
Poem on Judiciary and the Legal Profession

Started by naijatown

2 Replies
365 Views
Last post April 03, 2017, 03:53:40 PM
by naijatown
clip
Buhari congratulates former vp at 85

Started by graciebella

0 Replies
122 Views
Last post October 20, 2017, 07:39:57 AM
by graciebella
clip
Five Buhari Administration Initiatives

Started by Isaac Adeniran

1 Replies
65 Views
Last post April 24, 2018, 04:58:39 AM
by Isaac Adeniran
xx
President Buhari is alive

Started by Isaac Adeniran

2 Replies
644 Views
Last post January 23, 2017, 02:20:04 AM
by Isaac Adeniran
xx
President Buhari and the governors

Started by Success Writer

0 Replies
650 Views
Last post June 24, 2015, 03:01:02 AM
by Success Writer
xx
Don't pull down President BUhari

Started by Isaac Adeniran

0 Replies
77 Views
Last post January 16, 2018, 02:57:03 AM
by Isaac Adeniran
 

Related Topics

  Subject / Started by Replies Last post
10 Replies
829 Views
Last post April 15, 2017, 12:39:07 AM
by naijatown
0 Replies
98 Views
Last post September 11, 2017, 05:51:09 AM
by naijatowns
0 Replies
120 Views
Last post October 18, 2017, 02:29:40 AM
by graciebella

Read FREE