ANNOUNCEMENT

Worship with us @ Mountain of Fire Miracles Ministries, Budapest, Hungary Address: 1081 Bp II János Pál Pápa tér 2 (formerly Köztársaság tér) Direction: From Blaha, take tram 28, 28A, 37, 37A, 62...1 stop. From the traffic light cross to the other side... Or take Metro 4 & get off @ János Pál Pápa tér
Time of worship: Wednesdays @ 18:30 hr Sundays @ 10:30 hr
Tel: +36 203819155 or +36 202016005

God bless


Friday, 6 May 2016

MONEY & GOVERNANCE

Hurry up & return Nigeria’s stolen money
By Conor Gaffey

Nigerian President Muhammadu Buhari speaking in Washington.Nigerian President Muhammadu Buhari is demanding greater international cooperation in returning hundreds of millions of dollars in Nigerian funds hidden abroad. Buhari was elected in March 2015 on an anti-corruption ticket and has pledged to reclaim billions of dollars allegedly lost to dodgy dealings and mismanagement. 


The West African oil giant has endured decades of endemic corruption, with state funds being secreted abroad by public figures including ex-military ruler Sani Abacha. The late general, who led Nigeria between 1993 and his death in 1998, is suspected of looting up to $5 billion in public funds during his reign. Switzerland recently agreed to return $321 million Abacha had hidden there, though the former ruler may have stored up to $2.2 billion in European bank accounts.

U.S. Secretary of State John Kerry also pledged in March that authorities would trace stolen Nigerian funds circulating in the U.S. financial system, which Kerry said could total “billions of dollars.” Nigeria’s Information Minister Lai Mohammed said in January that the country had lost 1.34 trillion naira ($6.8 billion) in stolen public funds between 2006 and 2013.

Nigerians are “becoming impatient” with the process of repatriating stolen public funds, which has “become tedious,” Buhari said on Thursday at a meeting in Abuja with the executive secretary of the United Nations Office for Drugs and Crime (UNODC), Yury Fedotov. “We are looking for more cooperation from the EU, United States, other countries and international institutions to recover the nation’s stolen assets,” said the Nigerian president, specifically mentioning the stolen proceeds from the sale of crude oil. Nigeria is Africa’s biggest oil producer and the sector accounts for more than 90 percent of the value of the country’s exports.

In response, Fedotov said that the UNODC would give Nigeria its support and cooperation in fighting corruption.


 As well as the efforts to recoup funds from abroad, the Buhari administration has ordered the country’s anti-corruption agency to investigate scores of retired and serving military officials over alleged arms procurement fraud and has culled thousands of ghost workers from the Nigerian civil service.


A number of high-profile public figures from the previous administration of Goodluck Jonathan have been put on trial, including ex-national security adviser Sambo Dasuki, who is accused of orchestrating the theft of $2 billion in government funds earmarked for fighting Boko Haram. Dasuki denies the charges against him. The opposition People’s Democratic Party has accused Buhari’s government of undertaking a witch hunt against its members.

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Editor's Mail

Love the article on Gaddafi
We must rise above tribalism & divide & rule of the colonialist who stole & looted our treasure & planted their puppets to lord it over us..they alone can decide on whosoever is performing & the one that is corrupt..but the most corrupt nations are the western countries that plunder the resources of other nations & make them poorer & aid the rulers to steal & keep such ill gotten wealth in their country..yemen,syria etc have killed more than gadhafi but its not A̷̷̴ good investment for the west(this is laughable)because oil is not in these countries..when obasanjo annihilated the odi people in rivers state, they looked away because its in their favour & interest..one day! Samosa Iyoha

Hello from
Johannesburg
I was amazed to find a website for Africans in Hungary.
Looks like you have quite a community there. Here in SA we have some three million Zimbabweans living in exile and not much sign of going home ... but in Hungary??? Hope to meet you on one of my trips to Europe; was in Steirmark Austria near the Hungarian border earlier this month. Every good wish for 2011. Geoff in Jo'burg

I'm impressed by
ANH work but...
Interesting interview...
I think from what have been said, the Nigerian embassy here seem to be more concern about its nationals than we are for ourselves. Our complete disregard for the laws of Hungary isn't going to help Nigeria's image or going to promote what the Embassy is trying to showcase. So if the journalists could zoom-in more focus on Nigerians living, working and studying here in Hungary than scrutinizing the embassy and its every move, i think it would be of tremendous help to the embassy serving its nationals better and create more awareness about where we live . Taking the issues of illicit drugs and forged documents as typical examples.. there are so many cases of Nigerians been involved. But i am yet to read of it in e.news. So i think if only you and your journalists could write more about it and follow up on the stories i think it will make our nationals more aware of what to expect. I wouldn't say i am not impressed with your work but you need to be more of a two way street rather than a one way street . Keep up the good work... Sylvia

My comment to the interview with his excellency Mr. Adedotun Adenrele Adepoju CDA a.i--

He is an intelligent man. He spoke well on the issues! Thanks to Mr Hakeem Babalola for the interview it contains some expedient information.. B.Ayo Adams click to read editor's mail
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