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Resolution to Combat Illicit Financial Flow Adopted By UN; Find Out More

augustus by augustus
Dec 23, 2016
in Global, News, Politics
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Resolution to Combat Illicit Financial Flow Adopted By UN; Find Out More
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President Muhammadu Buhari’s administration anti- corruption crusade now has international legal backing. The UN General Assembly had adopted, by consensus, the Nigeria-sponsored resolution on: “Promotion of international cooperation to combat illicit financial flows in order to foster sustainable development”.

Mr. Onyeama said the adopted resolution would greatly facilitate Nigeria’s efforts to have some of its funds stashed in foreign financial institutions, repatriated back to the country.

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The resolution reiterated “its deep concern about the impact of illicit financial flows, in particular those caused by tax evasion and corruption, on the economic, social and political stability and devopment of societies”.

“The adoption of the Resolution on Illicit Financial Flows is something that is in sync with the anti-corruption policy of this administration,” he said.

“Also, I think we have to ongratulate Mr President because what he has promised to do is to now take this whole issue and get it at the top of the international agenda.

“Getting the anti-corruption crusade at the top of the international agenda is no mean feat.

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