- The minister plenipotentiary, permanent mission of Nigeria to the UN, Akinremi Bolaji, has said that President Muhammadu Buhari has stemmed the flood of corruption in the country
- Bolaji said that the president has done much to diversify Nigeria's economy
- He also remarked that the present administration has given Nigeria some enviable global recognition
Akinremi Bolaji, the minister plenipotentiary, permanent mission of Nigeria to the United Nation (UN) has said that the administration of President Muhammadu Buhari has turned the tide against corruption for Nigeria.
Bolaji, who stated this in his remarks at high-level debate marking the 15th anniversary of adoption of UN Convention Against Corruption (UNCaC) in New York, regretted the impacts of corruption on Nigeria, the News Agency of Nigeria (NAN) reports.
He said Nigeria was rich in both mineral and human resources but due to poor management, but corruption, became a mono-cultural economy seriously lacking in critical infrastructure and underdeveloped.
The Nigerian envoy said: “This is despite the huge revenue gotten from sales of crude oil as a member of OPEC.
“However, with the advent of the administration of President Muhammadu Buhari in 2015, the tide has turned for Nigeria in the area of fight against corruption and gradual diversification of the economy.
“The success in the fight against corruption in Nigeria was rightly acknowledged in the remarks made by the UN secretary general, Antonio Guteress, and we thank him for it.
“The point being made here is that good leadership is sine qua non in the fight against corruption”.
Bolaji said worthy of note under the current administration was the whistleblower protection policy and the strict implementation of the Treasury Single Account (TSA) for all government revenue.
He said the success at home had brought international recognition to Nigeria in its fight against corruption with the AU appointing Buhari as the Champion against corruption for 2018.
He explained that many activities were being executed in pursuit of the championship, including the convening of African youth congress against corruption and the launch of the Pan African network of youth against corruption.
Bolaji said at the UN, Nigeria had joined hands with other member states to adopt, by consensus, the general assembly Resolution A/72/206.
The resolution focused “on promotion of international cooperation to combat illicit financial flows and strengthening good practices on assets return to foster sustainable development.”
He emphasised the impact of the non-repatriation of illicit funds on the capacity of the States of origin to realise human rights and the importance of international assistance and cooperation in addressing the problem of illicit financial flows.
Bolaji said: “Measures that could assist in combating illicit financial flows could include, to severely penalise public officials involved in such acts.
“Policies like naming and shaming of persons who have been indicted, visa denials for indicted persons, penalising foreign banks who help in money laundering should be embraced.”
He said the Nigerian delegation recommended the establishment of ‘special account or escrow account’, with development banks for safe keeping of tracked and frozen illicit funds.
Bolaji remarked: “We recommend the elevation of illicit financial flows, including corruption, Tax avoidance and related practices to become crimes against humanity.”
Meanwhile, Legit.ng reported that the Centre for Anti-Corruption and Open Leadership (CACOL) had said that Nigerians asking President Muhammadu Buhari not to contest in 2019 were those “feeling the heat” of his anti-graft fight.
Legit.ng gathered that the chairman of the centre, Debo Adeniran, made the remark on Thursday, February 1, insisting that the voices of such people were loudest in discrediting the president “because they know it is no more business as usual.’’
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