Osinbajo urges destination countries to repatriate illicit funds

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Mr Osinbajo called for an overhaul of the international tax system in order to tackle illicit financial flows

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According to him, exposing those involved in practices that facilitate illicit financial flows, and retrieving proceeds of illicit funds are efficacious in deterring perpetrators, rebuilding the confidence of the citizenry, and compensating for the damage caused by such crimes.

“Let me also avail myself of this opportunity to call on leaders, whose countries are the main destinations for illicit financial flows, to take concrete steps to prevent and stop the receipt of illicit funds into their countries, and to assist in freezing, seizing, and returning such funds and its proceeds already in their countries.”

He appreciated the immediate past President of the United Nations General Assembly, Tijjani Muhammad-Bande, and Mona Jul of the Economic and Social Council , for taking the initiative to establish the first global Financial Accountability, Transparency and Integrity Panel Making reference to the Mbeki report on Illicit Financial Flows during an interactive session with journalists at the event, the Vice President called for concerted efforts among African leaders and cooperation between Africa and multilateral organisations to end the scourge of Illicit Financial Flow from the continent.

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So that it will be appropriately looted by the appropriate people. Aluta Continua

So that u it will be available for local embezzlement. Great job

Says the VP of the country that allows licit funds to be squandered by looters appointed by them in the same govt.

Those stored in Nigeria nko?

I can see this VP osinbajo as a fool ,who’s sitting where they don’t want him ,may be he’s sitting and endure shit because of the money they’re all sharing,GOD time is coming for you all

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