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Adeosun to World Bank: We’re chasing those who stole money… our whistle-blowing policy has been successful

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Kemi Adeosun, minister of finance, has told the World Bank and parliamentarians from across the world that the whistle-blowing policy of her ministry has been very successful.

Speaking at the global parliamentary conference hosted on the sidelines of the World Bank and IMF spring meetings in Washington DC, the minister highlighted Nigeria’s economic reform agenda and the need for strong executive and legislative collaboration.

“We are going after those who have stolen our money. We have put in place a very successful whistle blower programme that is delivering results, and allows those who report illicit activity to receive up to 5 percent any funds that we recover,” Adeosun said.

“We are also significantly improving our financial management controls to ensure that it is considerably more difficult for public funds to be diverted. We have to do more though and that means collaboration with the legislature.

“We need tighter tax and financial reporting legislation and to ratify bilateral agreements so that our enforcement agencies are empowered to deliver the results that we need.”

The whistle-blowing policy has aided the Economic and Financial Crimes Commission (EFCC) in making recoveries across the country.

Adeosun world bank

Adeosun at the World Bank Headquarters in Washington

Adeosun also called for greater focus on collaboration in battling illicit financial flows from Africa.

She said this is a core pillar of the government’s strategy to significantly enhance domestic government revenue and deliver sustainable economic growth.

“The government is focused on resetting the Nigerian economy by addressing our traditional over-reliance on oil revenues and establishing the basis for sustainable non-oil revenue growth,” she said.

“To improve non-oil revenues, we have to address illicit capital flows. When stolen money is transferred from Nigeria, or other African countries, there are too few questions asked by those countries that receive the funds, but when we identify those funds as stolen and seek to recover them, there are too many questions being asked.

“There is money sitting in foreign bank accounts that we have spent over a decade trying to recover. That is money that could deliver significant value for Nigeria as we seek to increase spending on critical infrastructure and establish a basis for long term sustainable growth.

“I hope that the automatic exchange of information scheme coming into force next year will be a step towards achieving greater transparency, but we need more collaboration among parliamentarians in Africa, and across the world to ensure that this situation improves and that recipient countries are held to account.”

Senior representatives from the World Bank and IMF as well as over 150 parliamentarians attended the conference.

© 2017, . All rights reserved.

Nigerian News

BREAKING: 17-year-old Lagos girl stabs boyfriend to death

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A 17-year-old girl, Hannah Osazuwa, has allegedly stabbed her lover, Tomide Akintoye, to death.

Although the immediate cause of the incident had yet to be ascertained by our correspondent as of the time of filing this report, comments on the Facebook account of the deceased suggested that they had a history of violence.

The tragic death came three days after Akintoye posted a status update on his Facebook page, Lifeoftomson Seun, wishing Osazuwa a happy birthday.

The post was accompanied by a selfie of the duo cuddling in the doorway, with an inscription, ‘she remains my queen.’

“Baby, on your birthday, I pray that you get whatever your heart desires. May this special day of yours bring with it God’s blessings and love into your life…. I love you,” he wrote on the Facebook page.

On Saturday, a day after the post, Akintoye took to his timeline again and wrote, “Sometimes, a man needs to die to leave (sic) again.”

On Monday, he was allegedly stabbed to death by Osazuwa.

A friend of Akintoye, Onyenma Chibundu, stated that he had been warned several times to stay away from Osazuwa to no avail.

Young Tommy, you were told several times to leave this b***h you took as your GF (girlfriend), you disagreed. Now she has taken your life  with her own hands. RIP bro; (I) will forever miss you,” Chibundu wrote on Facebook.

Another friend of the deceased, identified simply as Jnr Slimzy, also corroborated Chibundu’s post, saying he had tried in vain to separate the lovers.

“I also warned him. Why as I travel this thing con happen? God knows best brother,” he stated.

In another post, Jnr Slimzy wrote, “Rest in perfect peace Lifeoftomson Seun. Never thought it could be you. I never wanted to hear this kind of news. Why would you leave me like this? It hurts so much. After we planned our future together, how could you just leave me like this? Do you know how much it hurts? Your memories can never be erased. My other half just disappeared…. RIP brother, blood, best friend, till we meet again.”

In his post, another friend, Jeda Harry, said the death was avoidable if Akintoye had yielded to his warning to quit the relationship with Osazuwa.

Grieved Sofia Blessing  said it was unfortunate that such fate befell Akintoye “after you told her you loved her on her BD (birthday), she stabbed you. Such wickedness!”

However, efforts to get further details about what transpired between the lovers from their friends proved abortive as none of them had yet to reply to text messages sent by our correspondent as of press time.

Meanwhile, a police source said there was a disagreement between them around 8am and Akintoye assaulted the suspect.

“The suspect retaliated and stabbed him with a pair of scissors in the chest. He was rushed to a hospital, but he bled to death,” the source added.

A commentator, Samantha Florence, said she was disturbed at incidence of violence among teenagers.

She wrote, “Teenage girls of these days are something else. Is it that their parents didn’t bring them up well or what? How can a girl of 17 think of stabbing someone?”

One Yinka Julius added, “Face of a murderer. Who will know this girl is capable of killing somebody… I think this generation is cursed. Na so one go drink sniper two days ago; another one killed her baby daddy in Gbagada just two weeks ago. Maybe God should just wipe this generation out.”

The Lagos State Police Public Relations Officer, ASP Olarinde Famous-Cole, who confirmed the incident, said the suspect had been arrested.

He, however, did not give further details.

He said, “Suspect arrested, while the case will be transferred to the homicide section of the State Criminal Investigation and Intelligence Department, Yaba.”

© 2017, Sunday Emmanuel. All rights reserved.

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Nigerian News

Senate wants Nigeria to declare October 17 as Poverty Day

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The Senate on Tuesday called on the federal, state and local governments of Nigeria to “henceforth” designate and observe October 17 as World Poverty Day in line with the United Nations resolution.

The call was part of the prayers of a motion unanimously adopted by the Senate at the plenary on Tuesday. It was titled ‘Commemoration of the United Nations International Day for the Eradication of Poverty’ and was moved by Senator Ali Wakili and 22 others.

The upper chamber of the National Assembly also appealed to community-based organisations, the media – both conventional and social – to step up discourse on the scourge of poverty and its debasement of human dignity.

The lawmakers also resolved that policies and programmes by the Federal Government through the social investment programmes and other poverty alleviation measures are vigorously pursued.

They also asked the Federal Government to implement the necessary Sustainable Development Goals that would eliminate poverty in line with Goal 16.

In the motion, Wakili noted that October 17 was the day set aside for the commemoration of poverty redication worldwide, while 2017 marked the 25th anniversary of the declaration by the General Assembly of the United Nations in its resolution 47/196 of 22 December 1992.

He recalled that the recent data from the Nigeria Bureau of Statistics indicate that no fewer than 112 million Nigerians, representing 67.1 per cent of the country’s estimated population, now lived below poverty level, “hence the challenge for all to rise to the occasion to vanquish poverty.”

He stated that passage of the Poverty Eradication Bill had been the right step towards the actualisation of the United Nations’ Agenda 2030 for sustainable development and meeting the obligation by all countries to end poverty in all forms.

© 2017, Sunday Emmanuel. All rights reserved.

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Nigerian News

I will never return to PDP, says Obasanjo

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A former President, Chief Olusegun Obasanjo, has vowed never to return to the Peoples Democratic Party.

This was what he told journalists after he met with the  National Caretaker Chairman of the party, Senator Ahmed Makarfi, behind closed-doors.

The meeting was held at the Olusegun Obasanjo Presidential Library, Abeokuta, which lasted for one hour.

The former president said, “I will never return to the PDP, just like a dog would never return to its vomit.”

© 2017, Sunday Emmanuel. All rights reserved.

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