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Malami explained that the recovered assets had been scattered across several agencies and that better coordination would encourage international/overall coordination in recovering more looted assets. VIENNA (AP) — FIFA would help fund a global agency to tackle corruption in sport, its president Gianni Infantino said Monday. Minister of Labour and employment, Chris Ngige disclosed this while briefing correspondents on his memo to FEC. Never again corruption in football,” said Infantino, who is himself under investigation in Switzerland over meetings he had with then-attorney general Michael Lauber. The government had in efforts to tackle corruption, established the Economic and Financial Crime Commission EFCC Act of 2004, the Independent Corrupt Practices & Other Related Offences Act 2000, the Advance Fee Fraud and Other Related Offences Act 2006 and the Money Laundering (Prohibition) (Amendment) Act 2012. The Permanent Secretary, Ministry of Niger Delta Affairs, Babayo Ardo said the Commission is refocusing its efforts towards effective service delivery, urging for more actions towards a master plan for regional development in the Niger Delta. The Governor of Rivers State, Nyesom Wike says that the National Bureau of Statistics’ data on unemployment in Rivers State is fake and politically motivated. What you need to know straight to your inbox, You're all set to receive the Morning Briefing, Trump's US Supreme Court nominee linked to group that teaches wives to submit to will of their husbands, US couple to proceed with lawsuit against sperm bank which they claim gave incorrect donor medical history, Overseas Kiwis get to place their vote for October election from tomorrow, Wellington housing plan aims to remove protection for many older homes as it eyes housing for 80,000 more people, Napier mayor says accepting Government water funding won't force it into permanent chlorination. VIENNA (AP) — FIFA would help fund a global agency to tackle corruption in sport, its president Gianni Infantino said Monday. Chike is a senior member of the Nairametrics Editorial Team.
The Federal Government has approved the establishment of a new anti-corruption agency that will have the responsibility of properly managing and coordinating all assets seized domestically or returned from abroad, following anti-corruption probes. According to him, the new law seeks to move the fight against corruption to the next level. The 2020 edition, which is to hold virtually between November 10-12, is themed ‘For greater Lagos: Setting the tone for the next decade.’. “It also derives form the ILO convention 155, which Nigeria has also domesticated.

Nigeria's leading finance and market intelligence news report. As it is for example, the Federal Ministry of Justice is only in a position to account and giving comprehensive account of what “We highlight what those challenges were and take other decisions on how to repair those challenges. 0 In Rivers State today, nobody can tell me that we have not tried in terms of employment; to reduce the level of unemployment,” Wike said. The commission claimed that it spent N81.5 billion within 7 months (October 2019 to May 2020). %PDF-1.5 %���� Under a National Government, the SFO’s 2020/21 budget would double, going from $12.7 million to $25 million a year. Learn how your comment data is processed. Nigeria has repatriated well over $300 million of looted funds this year alone and seized about $40 million worth of jewellery belonging to the former Minister for Petroleum, Diezani Allison-Madueke. Heritage Bank, PWC, Deloitte canvass use of technology to tackle fraud, FUOYE V-C urges FG to reopen universities, Abia launches support for young entrepreneurs, Ogun mandates health facilities to adopt new approach to waste mgt, NLNG boss says year of gas is not enough, Nigeria needs decade of gas, Innoson Motors prepares to roll out bi-fuel engine vehicles, Get the best of world News delivered to your inbox daily, Business Day, established in 2001, is a daily business newspaper based in Lagos.
“It is fake; it is political. The government had in efforts to tackle corruption, established the Economic and Financial Crime Commission EFCC … Malami noted that setting up an agency like this had become quite imperative in a bid to consolidate on the gains achieved so far in the government’s war against corruption.

However, the private sector also has an important role to play in solving this global problem. Corruption and bribery, encompass a variety of activities. This follows the Minister of Justice’s accusation of the agency for diversion of funds that had been recovered during corruption investigations. He stated: “The last policy we have was approved in 2006 which makes it exactly 14 years since that was approved by the Federal Executive Council and that is the policy we have been working on. Corruption is the abuse of entrusted power for private gain. 798 0 obj <> endobj

But these powers aren’t being given enough opportunity to be used.".

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