Home Top Stories $100b stolen from Africa yearly – Anti-Corruption groups

$100b stolen from Africa yearly – Anti-Corruption groups

The Human and Environmental Development Agenda (HEDA) and other stakeholders on Tuesday called on International Anti-Corruption Court to prosecute Africans who steal public funds and countries in Europe and America who receive such illicit funds.

The group also urged African Heads of States to stop the theft of over $100b representing some 25 percent of Africa’s Gross Domestic Products, (GDP) stolen every year from the continent by local and international collaborators.

The stakeholders spoke at the 33rd Anti-Corruption Situation Room (ACSR), organized by Africa’s leading anti-corruption group, Human and Environmental Development Agenda, (HEDA Resource Centre) in collaboration with the Integrity Initiative International (III), held in Abuja, on Tuesday.

They noted that the stolen funds are enough to transform Africa in one year into one of the most beautiful continents where good roads, social security, access to health and education are provided for the teeming population currently ravaged by poverty, famine and hunger.

Participants called for an International Anti-Corruption Court that will prosecute Africans who steal public funds and countries in Europe and America who receive such illicit funds. They called for an International Anti-Corruption Court to prosecute corrupt officials and hold countries that receive stolen funds accountable.

The participants’ said “corruption is a global problem and remains a major impediment to economic growth, human development and prosperity.

“Corruption is a threat to development, weakens institutions, fuels poverty and endangers stability across Africa. Corruption is fuelling war, misery and extremism across Africa. The Government and the people need to unite to put an end to the scourge”. Participants urge the continent to frame discussion of corruption around local realities.

They observed that corruption is growing wings to the extent that fears of corporate capture of the state is real.

“Obstacles occasioned by privileges that places selected people above law and order should be removed. Stolen funds should be repatriated by host countries not just the capital but also the excess interests that proceeds from years of banking such illicit funds” they said in the recommendation.

African countries were urged to give living narratives to corruption issues as they affect education, health, security in a way that the ordinary people can easily connect and understand.

“There is the need for renewed capacity building for Judges with a new curriculum that addresses corruption while there should be secured tenure of office for drivers of anti-corruption institutions.”

They noted that the UNCAC should be amended to ensure the setting up of International Anti-Corruption Court, ICAC which should ensure the prosecution of criminals at home and countries where the proceeds of crime are domiciled should be held accountable.

For effective service delivery, they called for the need for independent auditing for political aspirants before elections are held.

‘Nigeria should improve her anti-corruption profile in order to reflect her status as the largest economy in Africa. There is the need for constant education and enlightenment. ECOWAS and all regional institutions should be strengthened to fight corruption effectively,’ they noted.

Participants called for the creation of an African Network of the Friends of International Anti-Corruption Court, (IACC) to be led by HEDA.

The participants commended HEDA Resource Centre for its commitment to the fight against corruption at great risk of its officials while the MacArthur Foundation and the Integrity Initiative International were deeply appreciated for their support.

The high level conference was attended by the former Prime Minister of Senegal who is also a member of Club De Madrid, Her Excellency Aminata Toure. The Club of Madrid is a gathering of some 100 former Presidents and Prime Ministers covering over 70 countries.

Representatives of African Union Advisory Board on Corruption, Economic Community of West African States, (ECOWAS), Nigerian Institute of Advanced Legal Studies, Commissioner, Anti-Corruption Commission of Sierra Leone, International Anti-Corruption Steering Treaty Drafting Committee,s IACC, Justice Richard Goldstone, Mr Femi Falana, SAN, former Chief Judge of Anambra State, Justice Peter Umeadi apart from many global anti-corruption experts took part in the historic conference.