Skip to main content

Illicit Financial Flows: Fowler, Onyema, ICPC Chair For Global UN Conference

Chairman of the Federal Inland Revenue Service (FIRS), Tunde Fowler; Minister for Foreign Affairs, Geoffrey Onyeama; and Chairman, Independent Corrupt Practices and Other Related Offences Commission (ICPC) Professor Bolaji Owasanoye, will join other top officials from around the world at a global conference on how to contain Illicit Financial Flows (IFF) at the Trusteeship Council Chamber, UN Headquarters in New York.

Maria Fernanda Espinosa, President of the United Nations General Assembly, who invited the trio to the event scheduled to kick off tomorrow, said the high-level meeting will focus on International Cooperation to Combat Illicit Financial Flows and Strengthen Good Practices on Asset Return.

Fowler, who is also the first Vice Chairman of the United Nations Committee of Tax Experts, will also be sharing the African perspective on IFF, as he also the Chairman of the African Tax Administration’s Forum (ATAF).

Espinosa said the UN General Assembly, in its resolutions 72/202 and 73/222, entitled “Promotion of International Cooperation to Combat Illicit Financial Flows and Strengthen Good Practices on Asset Returns to Foster Sustainable Development”, mandated the UN General Assembly to hold the meeting.

The meeting will kick off with an opening segment, two interactive panel discussions and a plenary segment for general discussion. These will be followed by a closing segment.

The two interactive panels will discuss these two themes: Taking stock on achievements of contemporary efforts to combat Illicit and Financial Flows and moving on and a global architecture to combat illicit financial flows and strengthen recovery and return of illicit assets.

This meeting is being organized to take stock of progress made and ways to address subsisting challenges to reduce IFF and promote best practices in asset recovery and repatriation as an important means to support the timely implementation of the 2030 Agenda in cooperation with all relevant stakeholders.

Former South African President Thabo Mbeki met with Fowler, ICPC Chair, acting Chairman of the Economic and Financial Crimes Commission (EFCC), Presidency officials, officials of the Ministry of Justice and other heads of Nigerian anti-corruption agencies last year in Abuja to review the African response to IFF and chart the way forward. Mbeki headed the African Union High Level Panel (AUHLP) IFF to review the African response and chart the way forward.

Fowler and other government officials made a presentation at the conference, while the West African Union of Tax Institutes as well as the Chartered Institute of Taxation of Nigeria (CITN) had held conferences on how to combat the scourge of IFF.

On the continent, Nigeria has been prominent in the fight against the illegal repatriation of funds/profits by multinationals through involvement in several initiatives such as a high-level representation on ATAF’s Cross Border Taxation Committee, whose activities have impacted significantly on the discourse on IFFs globally.

The FIRS, in partnership with the Presidential Advisory Committee on Against Corruption (PACAC) and the EFCC have organised two high level events for the recovery of illegal proceeds of tax evasion.

Abiodun Aina, Coordinating Director, Domestic Taxes Group and Special Advisor the Executive Chairman is also attending the conference.

Comments

Popular posts from this blog

Photos: Ahuofe Patricia’s She Power Africa Foundation Empowers Girls Of Gomoa Dampase Against Sexual Abuse

On July 25, 2018, Ghanaian actress, Founder and Executive Director of She Power Africa, Priscilla Opoku Agyeman popularly known in showbiz as Ahuofe Patricia together with her team embarked on her mission to empower young female students of the Gomoa Dampase D/A Model Basic School against sexual abuse in the central region of Ghana. She Power is a non-governmental organisation creating awareness and empowering young girls against sexual abuse in Africa with the vision to promote gender equality and end sexual violence against women and children in collaboration with Lokhanda. She Power in accordance with the aspirations of the Ministry of Education is an effective girl-child protection programme with an educational curriculum designed to create and ensure a culture of safety and security for all educational institutions teaching practical, fun and appropriate simple effective means of awareness, prevention, escape and survival skills and also to provide long-term support for female ...

Chivas Regal Scores Big With Multi-Year Global Arsenal Partnership

Luxury Scotch whisky Chivas Regal and iconic global football club, Arsenal, have just announced a new multi-year partnership, emphasising their commitment to championing community, progressing culture, and celebrating collective success. Chivas Regal will become the club’s first Official Whisky Partner ahead of the 2024/25 season, supporting Arsenal’s men’s and women’s teams. The partnership will celebrate both brands’ shared ambition for success and commitment to their communities around the world. It will take supporters behind the scenes through exclusive content and global live experiences featuring men’s and women’s first team players, celebrity supporters, creators, and club legends. Chivas is also set to elevate the matchday experience for supporters at Emirates Stadium by launching a new Chivas Regal bar within Dial Square. The bar will tap into football culture with a curated selection of classic, and exclusive to the Emirates, Chivas Highball serves.

No 'Shower Hour' On Big Brother Naija - Says MultiChoice

As preparations are in top gear for the second edition of social reality TV show, Big Brother Nigeria, organisers have revealed that there will be no broadcast of nude footage called ‘Shower Hour’, when the show returns on January 22, 2017. This comes to some fans as ‘decent’, following the controversies generated by that segment of the show, during the now rested continental edition, Big Brother Africa (BBA). MultiChoice is bringing back the Nigerian version of the series after 10 years. It had announced after the last edition of BBA that each African country will stage the show henceforth. Renamed Big Brother Naija, the show will have 12 housemates who will compete for the prize of N25 million and a brand new KIA Sorento car. Sponsored by PayPorte, the program will run for 78 days, starting 22 January 2017 with a two-hour, live, televised launch and end on 9 April 2017 with a two-hour, live, televised finale.