African leaders launder $50bn annually – Obasanjo

-

Former President Olusegun Obasanjo has lamented that political leaders and other key players in both public and private sectors in Africa illicitly launder a whopping sum of $50 billion from Africa annually. Former President, Olusegun Obasanjo Obasanjo said this at the 1st Annual Nigeria Anti Fraud Conference organised in Abeokuta by the Association of Certified Fraud Examiners (ACFE), Lagos, Nigeria Chapter.

The former President explained that the increasing smuggling of such whopping funds meant for socio-economic growth and development of African continent is now giving African leaders, past and present, great concerns, saying , everybody must lend his support to fight the ugly trend. Obasanjo who called for joint effort to curb smuggling of funds to foreign lands noted that Nigeria and all African countries might not develop if leaders and followers turned deaf ears to the ugly trend.



The former President, who was named as Grand Patron of ACFE, Lagos Nigeria Chapter considering his efforts against fraud and corruption in Nigeria, however asked the financial professionals and all members of the Association to help fight fraud and corruption in Nigeria and Africa as a whole. He said, “$50 billion annually, is illicitly taken away from Africa, this is a major concern for African leaders, past and present. We are now trying and putting up efforts to ensure that we prevent it.

Organisation  like you can also help us and Africa fight corruption and fraud in Nigeria and Africa as a whole.” Earlier, Godwin Oyedokun, President and Chief Executive Officer, ACFE, said, “It is really a delight to host Chief Olusegun Obasanjo. Your acceptance of our invitation is an indication that you have the love of this nation at heart. Let me say that two things informed our decision to have you in our midst. “First, ACFE, Lagos Nigeria Chapter recognises your role in sanitising the Nigeria system before, during and even after you have left government. Secondly, we want to honour you as our Grand Patron, the one we could always run to, for advice, guidance and mentorship. 

“Thanks very much for honouring us with your presence – may God continue gracefully add to your age”, the President prayed for Obasanjo. 




Vanguard

Comments

Post a Comment

Popular posts from this blog

IS NORA ARNEZEDER A LESBIAN? CAUGHT ON CAMERA KISSING A GIRL

-
Image
So what does Orlando Bloom see in French actress Nora Arnezder? Well, if it wasn't already pretty obvious, stunning pictures of the 24-year-old have emerged that show her topless on a vacation in 2011 with an Orlando lookalike. Then 21, the talented French actress showed off her incredible physique on the beach in Formentera with Manuele Malenotti, who is the spitting image of Bloom and also happens to be the owner of Belstaff brand.
Read more

KIM KARDASHIAN FANTASY FRENCH CHATEAU THAT WAS BUILT ONLY SIX YEARS AGO AS POSSIBLE WEDDING LOCATION FOR MAY NUPTIALS WITH KANYE WEST

-
Image
Kim Kardashian looked at a beautiful French chateau in France on Monday as a possible wedding venue for her May 24 nuptials to Kanye West. But while the the property, located 14 miles outside Paris in Louveciennes, looks like it could be old, it was actually built only six years ago. Chateau Louis XIV is meant to resemble a 17th century castle, but has all the modern amenities fit for a princess. Odd choice considering the 33-year-old reality star's show, Keeping Up With The Kardashians, has for years been accused of being fake as well. While it resembles a castle from the 17th century, the Chateau Louis XIV was actually built in 2008 Kim Kardashian & Kanye West
Read more

Church where people worship nude! Nude Church In Virginia, White Tail Chapel, Invites You To Bare More Than Your Naked Soul

-
Image
Virginia evangelical church the White Tail Chapel, US, has introduced a new phenomenon to Christian worship by asking its congregation to serve the Lord the way God created them by worshipping in the nude. Based in Ivor in the southern state of Virginia, the church asks all its worshippers to cast off all their material concerns including clothing when they come to wo rship. White Tail describes itself as a family nudist community where visitors can enjoy all manner of activities, including spiritual worship, completely natural or nude.
Read more