Nigeria on Thursday in New York called on the global community to take measures to prevent and combat corruption as well as strengthen international cooperation against illicit financial flows.
Mr Abdulrasheed Bawa, Executive Chairman, Economic and Financial Crimes Commission made the call at UN headquarters while delivering Nigeria’s statement at the Special Session on Corruption.
The three-day UN General Assembly Special Session on Corruption focuses on “Challenges, Measures to Prevent and Combat Corruption and Strengthen International Cooperation’’.
He spoke of the need for a multifaceted approach to addressing illicit financial flows as recommended by the High Level Panel Report on International Financial Accountability, Transparency and Integrity for Achieving the 2030 Agenda (FACTI Panel).
Bawa said the Report (FACTI Panel) provided paths to financial integrity for sustainable development, strongly showing how to redirect the resources lost from illicit flows to finance the implementation of the 2030 Agenda and the achievement of the SDGs.
“Nigeria further calls for the simplification of evidentiary requirements and other mutual legal assistance procedures to seize, confiscate and repatriate proceeds of corruption as appropriate, to enhance international cooperation for timely recovery and return of assets.
“Let me reiterate that the fight against Illicit Financial Flows is urgent and important in our collective efforts to address corruption.
“We remain committed in our efforts to track, investigate and prosecute corrupt individuals and entities and repatriate such funds and assets to their countries of origin,” the EFCC Chairman said.
He said Nigeria looked forward to the full implementation of all the commitments expressed in the Political Declaration, particularly on asset recovery and return, to support development financing as well as the implementation of the agenda 2030 for sustainable development.
The EFCC boss told the international gathering that Nigeria under the leadership of President Muhammadu Buhari had made the fight against corruption one of the cardinal objectives of the administration.
He said Civil Society Organisations (CSOs), Non-Governmental Organisation (NGOs) and whistleblowers were encouraged to join the fight against corruption and contribute their quota in that regard.
The EFFC Chairman explained that “one instance of such whistleblowing led to the recovery of $43m.
“Public corruption is being exposed by the day and several Politically Exposed Persons have been and are being prosecuted and divested of their illicit assets.
“We have been engaging with International Law Enforcement Agencies around the world and some of the collaboration has led to the recovery and repatriation of stolen funds.
