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IFFs: Africa loses $148bn to Corruption Yearly as Nigeria recovers $700m

โ€ฆOver $700m Stolen Funds Returned To Nigeria In Four Years The Attorney General of the Federation and Minister of Justice, Abubakar Malami, SAN, has said that developing countries in Africa lose over $148 billion to corruption annually partly due to Illicit Financial Flows (IFFs). Malami, who spoke at the International Conference on IFFs and Asset Recovery organised by the Independent Corrupt Practices and Other Related Offences Commission (ICPC), also disclosed that over $700 million stolen...
United States United Kingdom Gabriel Aduda Alhaji Aliyu Shinkafi Olanrewaju Suraj Zainabs Ahmed

EITI Raises Extractive Sector Transparency in Nigeria, Others with New Measures

Chineme Okafor The global Extractive Industries Transparency Initiative (EITI) and Open Ownership (OO) have set up a ground-breaking, cross-sector partnership with anchor funding from the BHP Foundation, to end the use of anonymous companies linked to corruption and mismanagement in the extractive sectors of Nigeria and other signatory countries. The new initiative which is termed, โ€˜Opening Extractives,โ€™ aims to make a dramatic and sustainable difference to the level of publicly-available i...
Thom Townsend Chineme Okafor James Ensor Mark Robinson Extractive Industries Transparency Initiative Open Ownership

Changing the game: New global programme to curb extractive industry corruption

Share A new cross-sector partnership between the Extractive Industries Transparency Initiative (EITI) and Open Ownership (OO), supported by the BHP Foundation, aims to end the use of anonymous companies linked to corruption and mismanagement in the extractive sector. The EITI and Open Ownership today launched Opening Extractives, a global programme to advance beneficial ownership transparency. It aims to make a dramatic and sustainable difference to the level of publicly available information...
Thom Townsend James Ensor Mark Robinson International Secretariat Extractive Industries Transparency Initiative Open Ownership
Source: eiti.org

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Call to protect the EU's Anti-Corruption Instrument: Open Company Registers

Call to protect the EUโ€™s Anti-Corruption Instrument: Open Company Registers 9 December 2020 9:09PM UTC Brussels โ€“ On International Anti-Corruption Day 2020, 101 leading transparency, anti-corruption and open data organisations along with investigative journalists from across Europe have called on the European Commission and national governments to act to ensure that company registers, including ownership and corporate structure data, are freely accessible and published in op...
United Kingdom Bruxelles Capitale Emily Wigens Laure Brillaud Chris Taggart Helen Darbishire
Source: one.org

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