Tag Archives: Stolen Money

Report Lists U.S., Germany, France As Custodians Of Stolen Money From Nigeria

Posted on by
Reply

A report by London-based Public Service International Research Unit (PSIRU) has listed United States, Spain and France as countries that keep illicit funds from Nigeria.

The group, which investigated the impact of privatisation and liberalisation on public services, also named Japan and Germany as the other nations where money stolen from Nigeria is kept.

Also, the Nigeria Labour Congress (NLC) and its civil society allies are planning to stage a protest in Switzerland for the repatriation of stolen funds kept in the country’s banks.

Disclosing its plan to stage a protest in Switzerland yesterday at a workshop in Abuja organised by Public Service International (PSI) on tax justice in Africa, President of NLC, Ayuba Wabba, said the congress would also stage similar protests in countries that are believed to be harbouring illicit funds from politically-exposed persons from Nigeria.

Unveiling the details, the PSI Director of Policy and Governance, Daniel Bertossa, said reports indicated that between 1980 and 2009, about $1.4 trillion was lost by Africa from illicit financial flows.

Bertossa, who also quoted from the Economic Commission for Africa (ECA) report, added that Nigeria also lost over $3 billion annually to tax incentives and import waivers.

He said while the country loses $2.9 billion to corporate tax incentives, it also loses $327 million annually to import duty exemption.

Read More:

http://guardian.ng/news/report-lists-u-s-germany-france-as-custodians-of-stolen-money-from-nigeria/

Return The Money You Stole – PDP Youths Tell Raymond Dokpesi

Posted on by
1

An Osun state Peoples Democratic Party (PDP) youth group under the aegis of Youth Forum For Democracy, has asked Raymond Dokpesi to return the funds which he allegedly collected from Sambo Dasuki.

 

 

The youths also slammed him for making what they called anti-peace comments during his visit to the state. According to Punch, the Osun state PDP is currently divided following a flawed party congress. The youths said Dokpesi was not ready to lead the party now, because he has not shown himself to be a bridge builder. They also criticised Dokpesi for only visiting the Iyiola Omisore faction of the party.

 

 

They said “We are obliged to inform members of the public on the visitation of Dr. Raymond Dokpesi, who is jostling for the post of the National Chairman of the PDP, especially on the anti-peace, callous and sentimental comment he made.

 

 

“He (Dokpesi) was paying a solidarity visit to Otunba Iyiola Omisore, who is his colleague in the EFCC net onDasukigate.

 

 

“Dokpesi is a good customer  of Senator Ahmed Tinubu, (a national leader of the All Progressives Congress) and he (Dokpesi)  could be picked up at anytime. So, he cannot be the PDP chairman because he would cave in at the slightest pressure from Tinubu

 

 

“With every sense of modesty, Dr. Raymond Dokpesi should not be contesting for the National Chairman, if he had meant business he should be working on the unity, peace and healing process in Osun PDP.”

 

 

The PDP youth group added that Nigerians will only believe the party if people who stole money are not allowed to lead the party.

 

 

Raymond Dokpesi also said he will not step down for Chief Bode George.

Buhari Vows To Recover Billions Of Stolen Money In The Next Three Months

Posted on by
Reply

President Muhammadu Buhari Tuesday in Abuja assured State Governors that the days of impunity, lack of accountability, and fiscal recklessness in the management of national resources are  over in Nigeria.

Speaking at a meeting with the Governors in the Presidential Villa, President Buhari  also vowed that funds stolen  by government officials who abused their offices in the recent past will  be recovered and systemic leakages stopped.

“There are financial and administrative instructions in every government parastatal and agency. But all these were thrown to the dogs in the past. Honestly, our problems are great, but we will do our best to surmount them.

“The next three months may be hard, but billions of dollars can be recovered, and we will do our best, ” the President told the governors.

Read More: saharareporters