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Friday, 23 September 2016

Anti-corruption Fight: Buhari Explains the need for the return of illicit financial assets.


President Muhammadu Buhari has asked Nigeria's development partners to guarantee the right to development by returning illicit financial assets.

President Buhari said this at the UN general assembly to commemorate the 30th anniversary of the declaration on the right to development.

He noted that such collective action “will guarantee a stronger international defence of the right to development”.
The Nigerian leader added that illicit financial assets stashed abroad deprive developing countries including Nigeria, and invariably deny people the enjoyment of their national wealth and resources needed for development.

He cautioned that non-repatriation of illicit financial assets could impinge on the determination of States to achieve an all-inclusive 2030 sustainable development.
The President further called on the United Nations “to remain vocal and active in addressing the negative impact of non-repatriation of illicit financial assets on their countries of origin”, adding that “as soon as stolen assets are legally established, they should swiftly be repatriated”.
He welcomed the commemoration of three decades of the Declaration on the Right to Development, which he observed, coincided with the first anniversary of the adoption of the 2030 Agenda for Sustainable Development.
“It reminds us all of the essence of development and provides us with the opportunity to reaffirm commitments to converting this right into the policies and operational activities of relevant actors at the national, regional and international levels,” he said.

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