Former EFCC boss Ribadu to speak on Panama Papers

A former chairman of the Economic and Financial Crimes Commission, EFCC, Nuhu Ribadu, will on Thursday be part of a panel to discuss the Panama Papers leak as they affect Africa.

The forum is organised by the European Parliament Inquiry Committee, PANA, following revelations published by a consortium of international media, including PREMIUM TIMES, showing secretive offshore companies used by powerful individuals and criminals to hide wealth, evade taxes and commit fraud.

The event will hold in Strasbourg France on Thursday, April 6.

The committee, which had been working since July last year had held a series of public hearings with the journalists who revealed the Panama Papers, representatives of international organisations, academics, the business society.

The Members of the Committee have now decided to hold a hearing on “The impact of the schemes revealed in the Panama Papers on developing countries”.

Information from the European Parliament in Brussels, Belgium, reveals that members of the PANA Committee will use the meeting to get a better understanding of the impact of money-laundering and tax evasion on developing countries.

“The Members of the Committee will hear about the experience and findings of relevant stakeholders (journalist and experts in taxation and money-laundering) in this area, with a focus on the level of cooperation between EU and African authorities, the difficulties faced by them and the deficiencies observed in the existing legal framework in this field (including, if appropriate evidence of no respect of EU law),” one of the released information said.

Mr. Ribadu will be part of a panel that will discuss Panama Papers and Africa alongside Carlos Lopez, a former UN representative, as well as Alvin Mosloma, the founding executive director of Tax Justice Network Africa.

Others are Jean Ziegler, an author from Switzerland, Will Fitzgibbon, the International Consortium of Investigative Journalists, ICIJ, reporter focusing on the Panama Papers impact in Africa and De Pasquale, an Italian prosecutor.

 

Source: Premium Times

6 thoughts on “Former EFCC boss Ribadu to speak on Panama Papers

  1. The Wright Brothers were indeed the inventors of the first airplane, but Abbas Ibn Firnas, who lived in the 8th century, is said to be the first human to fly with the help of a bamboo frame, a pair of wings made of silk, wood and real feathers.

    Abbas bin Firnas was the first aviator to fly with a heavier machine, because the first flying experiments were carried out by two Chinese philosophers, namely Mozi and Lu Ban in the 5th century, but with objects. They are called the inventors of the kite. According to historians quoted by TRT World, when Abbas Ibn Firnas was between 65-70 years old, he jumped from the cliff of Mount Jabal Al-Arus in Yemen.

    Abbas Ibn Firnas launched into the sky and flew for at least 10 minutes, then fell and was injured.

    He then realized his mistake, namely not calculating the landing mechanism, so he couldn’t balance his flight and landed forcefully.

    Over the next 12 years of his life, Abbas Ibn Firnas discovered that landing was done by coordinating the tail and wings. He also studied how birds fly and land.

    Abbas Ibn Firnas claims to be the mastermind behind the theory of creating ornithopters, aircraft that imitate birds and fly by flapping their wings.

    His flying machine designs later became the basis of aeronautical engineering in the late 20th century.

    This heavier-than-air aircraft was first flown by the Wright Brothers (Orville Wright and Wilbur Wright) using an aircraft of their own design called the Flyer which was launched in 1903 around the United States. Apart from the Wright brothers, there are several other airplane inventors who invented airplanes, including Samuel Franklin Cody, who carried out the action in the Farnborough field, England in 1910. Meanwhile, lighter-than-air airplanes had flown long before that. The first flight using a hot air balloon which was discovered by a French national by the Montgolfier Brothers (Joseph Montgolfier and Etiene Montgolfier) ​​occurred in 1782, then perfected by a German named Ferdinand von Zeppelin by modifying a cigar-shaped balloon which was used to carry passengers and goods on in 1900. In the following years, Zeppelin balloons dominated air transportation until the disaster of the Zeppelin ship on the trans-Atlantic journey in New Jersey in 1936, which marked the end of the Zeppelin era, although it was still used before World War II. After the Wright era, airplanes underwent many modifications in terms of design, shape and aircraft engines to meet the needs of air transportation. A larger commercial aircraft was made in 1949 called the Bristol Brabazon. Until now the largest passenger aircraft in the world is made by Airbus Industrie from Europe with A380 aircraft.

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