General
Nigeria, Others Lose $20b Yearly to Corrupt Officials—World Bank
By Dipo Olowookere
The fight against corruption is no doubt a global one and efforts are being made to ensure the menace is defeated or at best curbed to the barest minimum.
Since the inception of the administration of President Muhammadu Buhari in 2015, he has devoted much of his time to go after corrupt officials.
However, his government has sought the assistance of international community in giving corruption a hard fight.
According to the World Bank, over $20 billion is stolen annually by corrupt officials from African, Asian, South American and European countries.
As the world marks the International Anti-corruption Day on Saturday, December 9, 2017, the United States said it was glad to co-host the December 4-6 inaugural Global Forum on Asset Recovery (GFAR) with the United Kingdom, as a demonstration of its continued commitment to preventing and combatting corruption globally.
The US said the over $20 billion lost to corruption should have been used for sustainable development of these countries for essential services such as schools, hospitals, and roads. Rather than lining the pockets of corrupt officials, these funds should help grow economies and improve the well-being of the people of these countries.
To help prevent and combat kleptocracy, US assistance helps strengthen transparency and accountability within government institutions.
Since fiscal year (FY) 2016, the Department of State and US Agency for International Development (USAID) have dedicated more than $115 million annually to a wide range of foreign assistance efforts to counter corruption, including capacity building of foreign governments to create stronger laws and more effective institutions; investigate, prosecute, and secure convictions for corruption offenses; and put in place measures to prevent corruption, foster oversight, and promote government integrity and transparency.
US support of global efforts to recover stolen assets and ensure corrupt actors cannot benefit from their ill-gotten gains is an important part of this work.
The United States contributed $1 million to the World Bank and United Nations Office on Drugs and Crime’s (UNODC) Stolen Asset Recovery Initiative (StAR) to organize GFAR and provide technical assistance to support country-level capacity building and coordination on asset recovery cases. GFAR provides a platform to enable the four focus countries: Nigeria, Sri Lanka, Tunisia, and Ukraine, to make tangible progress on significant asset recovery cases in connection with financial centers and other jurisdictions.
In addition to co-hosting GFAR, the United States has provided significant technical assistance to the four focus countries to strengthen anticorruption and asset recovery efforts. Several bilateral and regional multi-year programs, including support for the United Nations Convention Against Corruption (UNCAC) and UNCAC mentors and for the Global Focal Points Network supported by INTERPOL and StAR, have bolstered anticorruption mechanisms necessary to recover stolen assets, helping to ensure countries continue progress achieved through participation in GFAR.
Nigeria
Since FY 2013, the U.S. government has provided foreign assistance to increase the Nigerian government’s capacity to investigate and prosecute corruption and financial crime cases, including asset forfeiture and anti-money laundering. Programs also seek to bolster Nigerian civil society’s capacity to ensure transparency and accountability in government.
Over the past three years, the United States has funded a project with the Economic and Financial Crimes Commission (EFCC) to mentor officials investigating and prosecuting money laundering crimes, including on asset forfeiture and counter financing of terrorism, in addition to providing technical assistance to the Nigerian judiciary. We will continue to work with the EFCC to further strengthen EFCC institutional development.
The U.S. government funds the Open Government Partnership’s (OGP) Support Unit through a joint grant between the Department of State and USAID to work with civil society and governments to develop commitments aimed at countering corruption and promoting transparency. The United States also funded a project which led to the drafting of Nigeria’s OGP National Action Plan through collaboration with EFCC, the Independent Corrupt Practices and Other Related Offenses Commission (ICPC), Nigeria Police Force (NPF), and several civil society organizations.
U.S. foreign assistance also supported outreach efforts through infographics and social media on corruption-related issues, making public data from Nigerian anti-corruption agencies more accessible, and training Nigerian journalists on best investigative journalism practices.
Sri Lanka
Since FY 2016, the U.S. government has provided foreign assistance for anti-corruption efforts in Sri Lanka to improve the functioning of Sri Lanka’s legal system and civil society, and to enhance good governance.
Programs include the provision of a Resident Legal Advisor to provide anti-corruption and asset recovery training, and support to the Commission to Investigate Allegations of Bribery and Corruption.
Tunisia
Since FY 2013, the U.S. government has provided foreign assistance for anti-corruption efforts in Tunisia, including strengthening rule of law and Tunisia’s law enforcement sector. Technical assistance programs improved public financial management; capacity building through the Open Government Partnership (OGP) helped Tunisia’s government and civil society to establish the necessary tools to bolster transparency and accountability in the public sector.
The Department of State is funding a grant to increase the capacity of the Tunisian Financial Judicial Police, the body responsible for prosecuting complex financial corruption cases.
Ukraine
Since FY 2013, the U.S. government has enhanced Ukraine’s anti-corruption efforts by strengthening Ukraine’s legal system, law enforcement investigations, civil society, and customs enforcement.
U.S. foreign assistance contributed to Ukraine’s seizure of roughly $1.3 billion in cash, with the discovery of more than $3.24 billion in stolen public funds. U.S. law enforcement professionals are embedded in Ukraine’s National Anti-Corruption Bureau (NABU) to help build anti-corruption and asset recovery capacity and strengthen Ukraine’s overall anticorruption efforts. U.S. support has contributed to 333 criminal proceedings, 207 notices of suspicion, and the finalization of 108 indictments in cases related to corruption. Ongoing programming will continue to build on these achievements.
The United States also provides funding through a Fiscal Transparency Innovation Fund, which works with civil society organizations to collect, analyze, and publicly disseminate energy-related information; works with the legislature, media, and civil society to promote transparency; promotes the accounting of quasi-fiscal activities within the budget; creates an energy sector discussion platform; and supports sub-grants to local civil society groups to promote transparency at city or local levels.
General
Tinubu Confirms Killing of Abu-Bilal Al-Manuki by Nigerian, US Forces
By Modupe Gbadeyanka
President Bola Tinubu on Saturday confirmed the killing of a senior ISIS leader, Mr Abu-Bilal Al-Manuki, in an overnight operation carried out by the United States and Nigeria.
President Donald Trump had earlier announced the elimination of the notorious terrorist via a post on his Truth Social.
Later, in a statement today, Mr Tinubu praised the action, describing it as “a significant example of effective collaboration in the fight against terrorism.”
“Our determined Nigerian Armed Forces, working closely with the Armed Forces of the United States, conducted a daring joint operation that dealt a heavy blow to the ranks of the Islamic State,” he said in the statement.
According to him, early assessments confirm the elimination of the wanted IS senior leader, Abu-Bilal Al-Manuki, also known as Abu-Mainok, along with several of his lieutenants, during a strike on his compound in the Lake Chad Basin.
He commended the partnership between Nigeria and America in waging war against terrorists, thanking his US counterpart “for his leadership and unwavering support in this effort.”
“I commend the personnel involved on both sides for their professionalism and courage, and I look forward to more decisive strikes against all terrorist enclaves across the nation,” the Nigerian leader added.
General
Nigeria Steps up AI Surveillance, Anti-Drone Systems for National Security
By Adedapo Adesanya
Nigeria is set to strengthen its defence architecture by deploying artificial intelligence-powered surveillance systems and advanced anti-drone technology as part of efforts to modernise the country’s military capabilities, according to the Minister of Defence, Mr Christopher Musa.
He disclosed this during a high-level visit to Monaco, where he led a Nigerian delegation to conclude discussions on the multi-domain Hybrid Intelligence Shield (HIS) project.
According to Mr Musa, the initiative is designed to enhance border security, protect urban centres and improve the country’s response to emerging security threats.
The project is expected to introduce AI-driven surveillance systems capable of identifying threats rapidly through smart algorithms, while anti-drone technology will be deployed to intercept and neutralise unmanned aerial threats.
The government also plans to establish national and regional command-and-control centres to improve real-time coordination and response to security incidents across the country.
Mr Musa said the initiative would place strong emphasis on technology transfer and local capacity development through the establishment of a military Centre of Excellence in Nigeria.
He added that the federal government would leverage partnerships with international firms, including Marss UK Ltd, while simultaneously building indigenous capabilities to address insurgency, illegal mining, piracy and other security threats.
Nigeria has continued to battle multiple security challenges in recent years, including insurgency in the North-East, banditry and kidnappings in the North-West, farmer-herder clashes in the North-Central region, crude oil theft in the Niger Delta and piracy in the Gulf of Guinea.
Nigeria is stepping up its defence as the border region of Nigeria, Benin and Niger on the southern edge of the Sahel region is becoming a new stronghold for jihadists, as militants turn forests and pastoral networks in West Africa into bases for recruitment and international attacks.
Attacks in Nigeria have also risen, with data from the website of the Armed Conflict Location & Event Data (ACLED), a conflict-monitoring group, affirming that the number of suicide bombings in Nigeria by March already matched the annual average over the past six years.
The Nigerian military has also been dealt a blow to its military bases and senior figures targeted. In April, Brigadier-General Oseni Omoh Braimah was killed when Islamist fighters attacked a base in Borno State.
To also meet the defence goal, Nigeria is stepping up efforts to build domestic arms-manufacturing capacity.
General
Nigeria, Morocco to Seal Atlantic Gas Pipeline Deal by Q4 2026
By Adedapo Adesanya
Nigeria and Morocco are set to sign a major intergovernmental agreement later this year to push forward the long-delayed Nigeria-Morocco Gas Pipeline project, a multi-billion-dollar energy corridor expected to reshape gas trade across West Africa and Europe.
The agreement, expected to be signed in the fourth quarter of 2026 by President Bola Tinubu and King Mohammed VI of Morocco, follows the completion of preliminary technical studies for the ambitious project, according to officials from both countries.
The pipeline, also known as the African Atlantic Gas Pipeline, is projected to stretch about 6,900 kilometres along offshore and onshore routes across West Africa, making it one of the largest gas infrastructure projects on the continent.
With an estimated cost of $25 billion, the pipeline is designed to transport up to 30 billion cubic metres of gas annually once completed.
Discussions on the project gained fresh momentum during a telephone conversation between Nigeria’s Minister of Foreign Affairs, Mr Bianca Odumegwu-Ojukwu, and her Moroccan counterpart, Mr Nasser Bourita.
The project would not only strengthen energy cooperation between the two countries but also improve regional economic integration and expand Africa’s access to European energy markets.
According to Morocco’s hydrocarbons and mining agency, ONHYM, part of the gas supply will support Morocco’s domestic energy demand, while large export volumes will be directed to Europe.
The project, first proposed about a decade ago, is seen as a strategic alternative gas supply route amid rising global energy security concerns and Europe’s search for more diversified energy sources.
Beyond the pipeline, Nigeria and Morocco are also exploring broader economic partnerships, particularly in fertiliser production and distribution to support food security across Africa.
Both countries also agreed on the need to revive the Nigeria-Morocco Business Council to strengthen trade and investment relations under the African Continental Free Trade Area framework.
Analysts noted that the project could significantly boost gas monetisation opportunities for Nigeria, expand regional infrastructure development, and deepen economic ties between West African nations and Europe if successfully executed.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn
