The most widely read newspaper in Nigeria
The Chairman of the Independent Corrupt Practices and Other Related Offences Commission, Prof Bolaji Owasanoye, has said the private sector is responsible for over 60 per cent of illegal movement of funds from Africa to foreign countries.
A statement on Tuesday by the ICPC spokesperson, Mrs Azuka Ogugua, quoted Owasanoye as stating this during the visit of council members of the African Bar Association led by its President, Hanniba Uwaifo, to the ICPC headquarters in Abuja. “A bulk of corruption going on in the country is caused or perpetuated by the private sector. About 60 per cent of funds taken or stolen away from Africa through illicit financial flows are being done by the private sector, basically through commercial transactions; seemingly harmless transactions that are put together by accountants, auditors and bankers,” he said.
Owasanoye, while noting the progress made by the commission, said that the ICPC was focused on addressing corruption in both the public and private sectors.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
60% illicit financial flows perpetrated by private sector –ICPCThe Chairman of the Independent Corrupt Practices and Other Related Offences Commission, Prof. Bolaji Owasanoye, has said that the private sector
Read more »
11, not 60 abducted on Sokoto-Gusau highway, say Police - Punch NewspapersThe most widely read newspaper in Nigeria
Read more »
Unilever Nigeria grows profit by 60% in six months - Punch NewspapersThe most widely read newspaper in Nigeria
Read more »
Bandits Go Berserk, Kidnap 60 In Zamfara, Monarch In Kaduna, Kill 2Bandits yesterday struck again in Zamfara, Kaduna, Borno and Yobe states, kidnapping 60 travellers on the Sokoto-Gusau highway, a traditional ruler in
Read more »
Zamfara Police refutes kidnap of 60 passengers rumourThe Zamfara State Police Command has refuted a story that 60 passengers travelling along Sokoto - Gusau road on Sunday, 25th July were kidnapped by
Read more »
Nine, not 60 travellers abducted along Sokoto-Gusau road - PoliceThe police say the bandits had abducted travellers but abandoned two of them
Read more »