We Will Win War Against Corruption - Buhari

Buhari

The President of Nigeria, Muhammadu Buhari, has said that the Federal Government, headed by him, is committed to win the war against corruption in Nigeria.

Buhari made the statement in New York at the 'African Union High Level Dialogue', titled: "Winning the Fight against Corruption: A Sustainable Path to Africa's Transformation."

Buhari commended African leaders for the honour bestowed on him to champion the course of fighting corruption in Africa in 2018 and beyond.

According to President Buhari, Africa loses about 50 billion dollars to illicit financial flow annually.
He said:

Illicit financial flow out of the continent has become a major concern because of the scale of its negative effects on economic development and governance agenda.
Some of the effects of corruption include draining of foreign exchange reserves, reduction of tax revenue collection, poor investment inflow and escalation of poverty."

He added that efforts were being made by African leaders to checkmate the illicit financial flow from the continent

Buhari said that one of the measures necessary if Africa was to make headway in the fight against corruption, was to evolve laws and policies which encourage transparent financial transactions.

He said that another measure was to ensure implementation of measures that would mitigate the incentive that facilitate the illegal outflow of funds from the continent.

The president called on the leaders to organise African youth conferences against corruption in order to sensitise the youth on the fight against corruption

He also called for the mobilisation of African Union member states to implement the convention on combating corruption.

Buhari also advocated the strengthening of the criminal justice system against corruption and boost exchange of information sharing best practices in the fight against corruption.

Sources: (NAN)