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UNCAC: Nigeria Rallies Countries on Repatriation of Stolen Wealth

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UNCAC: Nigeria Rallies Countries on Repatriation of Stolen Wealth

UNCAC: Nigeria Rallies Countries on Repatriation of Stolen Wealth

By: Our Reporter

Nigeria has rallied countries to propose the first ever draft resolution on, “Enhancing access and use of beneficial ownership information to facilitate the identification, recovery, and return of stolen assets”. 

Among the countries rallied are Pakistan, The State of Palestine, Kenya, Peru and Saudi Arabia.

This was the move of Nigeria at the world’s anti-corruption conference which began in Sharm El-Sheikh, Egypt with 152 countries (including Nigeria) meeting to advance action through the United Nations Convention against Corruption (UNCAC) and strengthen integrity responses to the COVID-19 pandemic.

A statement on Wednesday by the United Nations Office on Drugs and Crime (UNODC) revealed that in a bid to addressing the challenge of getting stolen wealth repatriated to their originating countries, Nigeria has rallied a coalition of countries including Pakistan, The State of Palestine, Kenya, Peru and Saudi Arabia to propose the first ever draft resolution on, “Enhancing access and use of beneficial ownership information to facilitate the identification, recovery, and return of stolen assets”. 

According to the statement, the draft resolution calls on Member States to establish and populate a register of beneficial owners of assets and make the respective information accessible to other states with a view to aiding corruption and asset recovery related investigations.

Also Read: ABUJA IIP-SARS: WE WILL NOT ALLOW THIS MATTER TO DIE…

UNODC Consultant and Anticorruption Expert, Mr. Emmanuel Akomaye, who participated in one the more than 60 side events commented that: “There is great wisdom in breaking the opaque shell of corruption. Cross border corruption is greatly facilitated by beneficial ownership arrangement. To break the shell countries must effectively cooperate. The regulations of the professional enablers of beneficial ownership lawyers, accountants, estate agents etc. is largely opaque with very little enhanced due diligence conducted on them.  Hidden wealth in whatever guise must be exposed, its perpetrators and conspirators prosecuted, and the assets recovered for the benefit of the citizens.”

According to the statement, seven other draft resolutions and two draft decisions are also being considered at the ninth session of the conference of state parties to UNCAC. They include resolutions addressing issues on prevention, the role of supreme audit institutions, asset recovery, education and law enforcement.

Nigeria has been a State Party to the United Nations Convention against Corruption since 2004. This year Nigeria’s delegation is led by the Attorney General of the Federation and comprises representatives of the Ministry of Foreign Affairs, the Independent Corrupt Practices Commission, the Economic and Financial Crimes Commission, the Code of Conduct Bureau, the Technical Unit on Governance and Anti-Corruption Reforms, the Nigeria Financial Intelligence Unit, the Federal Inland Revenue Service, the Corporate Affairs Commission, the Nigeria Extractive Industry Transparency Initiative, as well as the Senate Committee on Anti-Corruption and Financial Crimes

In his opening statement at the Conference, the Attorney General of the Federation, Abubakar Malami, said: “Proceed of corruption and illicit financial flows constitute a huge chunk of resources needed for sustainable development and their return to their States of origin is a fundamental principle of Article 51 of the Convention”.  

The Panama and Pandora Papers by the International Consortium of Investigative Journalists (ICIJ) are testimony to the use of safe havens, shadow financial systems and shell companies by the corrupt to divert needed resources for development, particularly developing countries like Africa. In addition, secrecy associated with corruption and stolen wealth remains a nagging challenge in holding perpetrators to account.

UNCAC: Nigeria Rallies Countries on Repatriation of Stolen Wealth

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Tinubu Assures Nigerians in Diaspora of Favourable Policies Towards Them

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Tinubu Assures Nigerians in Diaspora of Favourable Policies Towards Them

By: Michael Mike

President Bola Tinubu on Friday assured Nigerians in Diaspora of his administration’s determination to continue to provide the enabling environment and policies that will boost their active participation in the country’s governance.

Tinubu gave the assurance at the opening of the National Diaspora Day celebrations 2025 at the Banquet Hall, Presidential Villa, Abuja.

This year’s celebration is themed: “Optimizing formidable Diaspora Potentials for National Development and growth”.

The President, who was represented by the Secretary to the Government of the Federation, Senator George Akume, said: “We will continue to provide an enabling platform for effective policies for the Diaspora with the view to galvanizing your support for this administration and concretizing our democracy, optimizing your potentials and setting a good example for other African countries to emulate.

“Let me also state that we will look into the Challenges NiDCOM has enumerated with a view to ameliorating same so that we can harvest maximally the benefits of migration through the engagements with our Diaspora for national development and growth.”

He added that: “It is a great delight to address our over 20 million Nigerians in the diaspora on this auspicious occasion of the celebration of our National Diaspora Day 2025.”

“Only Nigerians both at home and abroad can develop Nigeria,” Tinubu stated.

The President highlighted the contributions of the diaspora, which include increasing remittances, pointing out that in 2024 alone, “Nigerians abroad sent home $20.9 billion through official channels—more than four times the value of the country’s foreign direct investment.

He said: “The Nigerians in the diaspora are also actively investing in our health care, agriculture, education, information, communication technology, housing and real estate, sports, transportation, oil and gas, and other sectors.

“This, I must say, is commendable and in our enlightened self-interest.”

The President stressed how highly the government rates the Nigerians in diaspora, saying “Our renewed hope for foreign policy recognises the diaspora as the fourth pillar for the agenda—namely democracy, demography, development, and diaspora.

In his goodwill message, the minister of Interior, Dr. Olubunmi Tunji-Ojo said:
“When you go to any part of the world, maybe in Asia, Africa, South America, you will see Nigerians excelling. Nigerians breaking barriers. Nigerians breaking ceilings. And Nigerians using ceilings as springboards to greatness.”

The Minister highlighted the economic potential of diaspora remittances—comparing Nigeria’s $21bn in 2024 remittances to $32.91bn in oil earnings and India’s $135.46bn diaspora inflows.

He said: “What does that tell you? It tells you that the power of economic emancipation, a lot of this resides within you, beyond your own imagination,” he said.

The minister also explained that the administration is laying the foundation for long-term national prosperity—even if short-term sacrifices are required.

“You cannot cure a tumor by virtue of a paracetamol. It is important that the Renewed Hope agenda of Mr. President came into being. And today, we can see the results. We can see the economic stability of this country,” he said.

Tunji-Ojo also spoke on the reforms in his ministry which include immigration and the protection of critical national infrastructure.

He therefore called on the diaspora community to trust in the country’s direction under President Tinubu’s leadership.

“Nigeria has never been ready for investment more than now. We are ready for investment.

“I assure you, under the leadership of this President, you will never regret your investment. Nigeria loves you. Nigeria cares about you. And this particular administration cares about you,” he said.

Earlier, in her remark, Chairman of the Nigerians in Diaspora Commission, Dr. Abike Dabiri-Erewa, said “The theme is apt to appreciate the efforts of both the government and the diaspora community in nation building and also to discuss how to make diaspora engagements better for national development.”

She emphasised the role of Nigerians in diaspora in the country’s development.

Dabiri-Erewa announced a proposed Diaspora Presidential Fellowship Programme. The initiative would allow professionals in the diaspora to take part in six-month sabbaticals in Nigeria, aimed at promoting knowledge transfer and innovation across sectors.

“It will strengthen their role in nation-building and serve as a knowledge-driven giveback to the fatherland,” she added.

Highlights of the event was the unveiling of a new Diaspora Home and Abroad Housing Platform, aimed at providing secure housing opportunities for diaspora Nigerians seeking to invest back home.

Tinubu Assures Nigerians in Diaspora of Favourable Policies Towards Them

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Nasarawa: Security operatives arrest six over kidnapping, rape and robbery in Doma

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Nasarawa: Security operatives arrest six over kidnapping, rape and robbery in Doma

By: Zagazola Makama

Security operatives in Nasarawa State have arrested six suspected members of a notorious armed robbery and kidnapping gang responsible for a series of violent crimes in Yelwa Ediya village, Doma Local Government Area.

The suspects, identified as Darda’u Shehu, Yunusa Malami Hashimu, Musa Abubakar, Ibrahim Musa, Mohammed Musa, and Jibrin Lafia, were apprehended during a coordinated raid based on actionable intelligence from a concerned resident.

During interrogation, the suspects reportedly confessed to their involvement in the kidnapping of a local councillor, Hon. Ari Muhammad, on May 26, 2025. They further disclosed that one of their members, Darda’u Shehu, raped the councillor’s wife, Talatu Ari, during the abduction and stole two mobile phones an Infinix Note 30 valued at ₦250,000 and a Tecno phone valued at ₦20,000.

The gang also confessed to mounting a roadblock along the Doma–Yelwa Road on July 19, where they attacked one Ibrahim Haruna and snatched his Bajaj motorcycle worth ₦970,000.

Recovered from the suspects were ₦100,000 in cash and one Bajaj motorcycle believed to have been taken from one of their victims.

The suspects also named their gang leaders as Bammi Alhaji Amme (alias Zomo) and one Lawali (surname unknown), who are currently on the run.

Efforts are ongoing to apprehend the remaining members of the gang and bring them to justice.
End

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Police reunite two lost Beninese children with father in Lagos

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Police reunite two lost Beninese children with father in Lagos

By: Zagazola Makama

The Lagos State Police Command has reunited two young girls from the Republic of Benin with their father after they were found wandering around the Trade Fair Complex in Lagos.

The children, identified as Mutiat Fatai, aged 10, and Mobubat Fatai, aged 5, were spotted by concerned traders roaming the BBA Market area of the complex on July 18. Both girls, described as black in complexion and Yoruba-speaking, could not provide any clear information about their whereabouts or destination.

Following a report, police operatives from the area promptly responded and took the children into protective custody at the station.

Four days later, on July 22, one Fatai Yayah, a resident of Isobe Lagbolugo, Ifonyin in the Republic of Benin, visited the station and positively identified the girls as his daughters. After proper verification, the children were reunited with him.

The Police said the swift action by the officers helped ensure the children’s safety, and they commended members of the public for their vigilance.

Police reunite two lost Beninese children with father in Lagos

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