Buhari, however, advocated that more stringent actions should be taken against perpetrators of illicit financial flows, including crackdown on safe heavens and return of stolen assets to their countries of origin.
The Nigerian President spoke while delivering a speech on “Illicit Financial Flows (IFFs) and Corruption: The Challenge of Global Governance” at the Peace Forum attended by about 70 world leaders in Paris, France.
Buhari warned that continuous impunity will encourage more pilfering of countries’ resources to the detriment of the poor and vulnerable populace.
He said that it was against this background that Nigeria has strengthened its laws and institutions to fight corruption, fast-track recovery of stolen assets and punish offenders.
He said “Our experience in Nigeria is that financial crimes, such as corruption and fraudulent activities, generate enormous unlawful profits which often prove so lucrative that the threat of a jail term is not sufficient to deter perpetrators.
“A more powerful deterrent is to ensure that profits and assets generated from illicit financial flows and corruption are recovered and returned to countries of origin. This is not to underestimate the value of strong institutions. It only indicates that asset recovery represents significant deterrence compared to the traditional focus on obtaining conviction by the law enforcement agencies of the countries of origin.
from Daily Sun
He should sign the bill that amy politician who is found to be corrupt. Death by hanging straight.
ReplyDeleteHe should use one or two as example . the rest go get sense
Correct response for an endemic problem. Yes, give looters of public treasuries the China treatment, and see if, this isn't nailed on its head, like yesterday. NMTA
DeleteIt's easier said than done, as much as it will be good but don't let us forget that even if Mr President send such bill to national assembly, I'm assuring you that it will not scale through first reading. I want us to remember that there's a bill sent to the NASS for setting aside a corruption case court so all the corruption cases would be delivered as quick as possible, but that bill is dead on arrival. May God safe Nigeria.
DeleteMr integrity. Hope you fear jail term
ReplyDelete😂😂😂😂😂oh lord
ReplyDeleteSee his face.mtcheewww
ReplyDeleteMr.P
ReplyDeleteWell done.
See who is talking
ReplyDeleteproblem have in this country is dat we love money
ReplyDeleteLifeless president
ReplyDeleteSai baba has spoken
ReplyDeleteshut up...how many people have you given proper jail terms. even when EFCC invites them it will drag for years like play play...is it the ones who do plea bargaining and return some money? you have not enforced any punitive measures so you have no right to complain...dont angry me please
ReplyDeleteAnd the chairman has spoken
ReplyDelete