UN Secretary-General Antonio Guterres has expressed satisfaction with the anti-money laundering efforts in Nigeria and Tunisia.
Guterres, in his remarks to the Security Council on ‘Corruption in Conflicts’, noted that the anti-money laundering efforts in Nigeria and Tunisia had seen funds returned to the treasury.
“At its January Summit this year, the African Union launched the observance of 2018 as African Anti-Corruption Year.
“I am pleased to note that anti-money laundering efforts in Nigeria and Tunisia have seen funds returned,” the UN chief said.
The News Agency of Nigeria (NAN) reports that the AU has declared 2018 as anti-corruption year with the theme: ‘Winning the Fight Against Corruption: A Sustainable Path to Africa’s Transformation’.
NAN also reports that the African Heads of State entrusted Nigeria’s President Muhammadu Buhari with the responsibility of serving as the ‘Champion of the Theme of the Year’.
The UN chief said corruption was present in all countries, rich and poor, North and South, developed and developing, adding that numbers show the startling scope of the challenge.
The World Economic Forum estimate that the cost of corruption is at least $2.6 trillion while according to the World Bank, businesses and individuals pay more than $1 trillion in bribes each year.
Guterres said: “Corruption robs schools, hospitals and others of vitally needed funds. It rots institutions, as public officials enrich themselves or turn a blind eye to criminality.
“We must all do more to fight corruption, strengthen governance and build trustworthy institutions that can ensure probity and progress for all,” the UN chief stressed. (NAN)
