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Good Governance: Nigeria Ranks 41 Among 52 African Countries

The 2013 Good Governance Summit held in Dakar, Senegal, in collaboration with Mo Ibrahim Foundation has ranked Nigeria 41st among 52 African countries that are relatively backward in human development.

The new report contained in the 2013 Index of Good Governance made available to the Hausa Service of the Voice of America (VOA) in Dakar, Senegal, indicated that the Republic of Niger is in the 28th position.

The Index of African Governance was launched by the Mo Ibrahim Foundation, an organisation that supports good governance and great leadership in Africa.

The report provided full details of Nigeria’s performance across three categories of governance as assessed by the Index: Security, Sustainable Economic Opportunity and Human Development.

Speaking on the development, former chairman of Economic and Financial Crimes Commission (EFCC), Malam Nuhu Ribadu, who attended the summit, said that despite the country’s mineral resources, Nigeria is still ranked 41st compared to neighbouring Niger Republic which was ranked 28th out of 52 African countries, adding that “this is a serious setback.”

“Economic management and human development cannot be achieved if a democratic deficit persists,” he stated.

Commenting on the 2013 Index, Founder and Chair of the Foundation, Mo Ibrahim, observed that young people today are demanding a holistic, equitable and inclusive approach to the management of their countries.

 

Nigeria ranks 7th in illicit fund transfers – EFCC boss

The Chairman of the Economic and Financial Crimes Commission (EFCC), Mr Ibrahim Lamorde, yesterday revealed that Nigeria has been ranked 7th in the world in the transfer of illicit funds, and called for urgent action by African countries to confront the menace of illegal cash movement across borders as several traders crossing borders within the continent do not see movement of cash above the stipulated limit as a criminal offence.

Addressing a workshop on Anti-money Laundering and Combating Financing of Terrorism, organized by the Inter-Governmental Action Group Against Money-Laundering in West Africa, he said within 10 years, about N20.6 trillion was transferred illegally out of the country.

He added that the illicit outflows were mainly due to corruption, tax avoidance, tax evasion, illegal mining activities, drug and human trafficking.

Speaking at the workshop, the Director-General, Inter-Governmental Action Group Against Money Laundering in West Africa, Dr Abdullahi Shehu said the workshop was a response to the serious concern expressed by the ECOWAS Council of Ministers on the indiscriminate movement of cash across borders within the region in spite of the availability of cross-border banking facilities.

Similarly, the Ambassador of Switzerland in Nigeria, Dr H.R. Hodel, said the Swiss government was committed to ensuring enforcement of money laundering law in all financial organisations so as to constrict terrorism and money laundering as well as focusing to note the root causes, regression measures and sustain the rule of law.

Dr Martin Uhomoibhi, Permanent Secretary, Ministry of Foreign Affairs, representing the Minister of Foreign Affairs, said money laundering activities and terrorism financing have assumed a new dimension despite the heat turned on them by known international regulatory institutions to check their activities.

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