Malami calls for multilateral approach in tackling global illicit financial flows Malami calls for multilateral approach in tackling global illicit financial flows
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The Attorney-General of the Federation (AGF) and Minister of Justice, Abubakar Malami (SAN) said African need to build a consensus and multilateral approach in addressing the challenges of illicit financial flows internationally,
Malami stated this in Abuja while speaking at the International Conference on Illicit Financial Flows (IFFS) and Assets Recovery organised by the Independent Corrupt Practices and Other Related Offences Commission (ICPC).
A statement from the office of the AGF said the minister said, “There is no doubt that international and regional cooperation is key in achieving this goal as no one country can do it.
…Over $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 funds from Nigeria has been returned to the country in the last four years.
He said, “Nigeria, through proactive and collaborative efforts with other countries has recovered and ensured the return of over $700 million from the United States, the United Kingdom, Bailiwick of Jersey, Switzerland, and Ireland in the past four years. We are still working with our international partners and other countries to ensure that all Nigeria’s assets that are identified are recovered.”
FG will ensure recovered assets benefit Nigerians – Malami
The Attorney-General of the Federation and Minister of Justice, Abubakar Malami, on Wednesday, said the Federal Government would ensure that.
The Attorney-General of the Federation and Minister of Justice, Abubakar Malami, on Wednesday, said the Federal Government would ensure that recovered assets benefit Nigeria.
According to a statement by his Special Assistant on Media and Public Relations, Dr Jibrilu Gwandu, titled ‘Malami advances measures to tackle global illicit financial flows,’ the minister spoke while giving a goodwill message at the International Conference on Illicit Financial Flows and Asset Recovery organised by the Independent Corrupt Practices and Other Related Offences Commission in Abuja.
The letter read in part, “We were reliably informed by our client that he was never served with any official invitation in line with Section 29, 30, 31, and 32 of the ICPC Act, 2000.
“Since he left the FMBN, his private office and home addresses are well known to the public as both the DSS (Department of State Services) and the EFCC have also effected service/invitation to him personally which he honoured without any hesitation on the same issues as he does not have anything to hide.”
Kumo argued that the ICPC had violated its own Act by declaring him wanted without following due process.