African nations vow to recover stolen assets

Nigeria and ex-British colonies in Africa hope to change that by working together to repatriate billions of dollars in offshore accounts from London and beyond.

African nations vow to recover stolen assets

World Bulletin / News Desk

Former British prime minister David Cameron two years ago was caught talking about an anti-corruption summit and calling Nigeria "fantastically corrupt".

But meanwhile his country ranks among the top destinations for stolen assets from African countries.

At a regional conference held this week in the Nigerian capital of Abuja, the heads of anti-corruption agencies from around Africa met to discuss strategies to overcome bottlenecks in the recovery of stolen assets.

"Concerned about the heavy losses that Africa suffers as a result of illegal transfers of proceeds of corruption and crime out of Africa," the anti-corruption representatives vowed on Friday to "strengthen cooperation and partnership in the tracing, recovery and return of assets".

They further pledged in a joint statement to encourage African countries to commit to greater corporate transparency and called for investment in anti-corruption agencies to "trace, recover and return assets."

Last Mod: 20 Mayıs 2018, 17:04
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