Nation
CISLAC Urges Stakeholders To Tackle Corruption
The Civil Society Legislative Advocacy Centre (CISLAC) has called on all relevant stakeholders in the Beneficial Ownership (BO) Transparency campaign to intensify efforts in fighting corruption.
CISLAC’s Executive Director, Auwal Musa (Rafsanjani), made the call in Lagos yesterday during a policy dialogue on BO transparency in the Nigerian extractive sector.
Musa said CISLAC believed that collaborative partnership by relevant stakeholders in the BO campaign would help give a voice to this simple but strategic endeavour that would help curb corruption in financial, procurement and other strategic sectors.
He said that it would also contribute effectively to domestic revenue mobilisation for financing development of critical sectors of the economy.
“The Nigerian Government made commitments to strengthen anti-corruption reforms and joined the Open Government Partnership (OGP) in July 2016 in a bid to deepen institutional and policy reforms.
“One of the commitments within the anti-corruption agenda in the consolidation of existing and new reforms was the establishment of a Public Central Register of BO of companies.
“Six years after this bold commitment, we stand before the Nigerian public and international community to say that we have crossed the first bridge which is having the CAMA amended to support the BO registry establishment.
“While legitimate corporate businesses have an integral role in national development, the involvement of Politically Exposed Persons who conceal corruptly acquired wealth through the complex networks of companies deliberately created to hide their identities has further increased the risks they pose to non-fortified economies,” Musa said.
According to him, Siemens, Halliburton and Malabu oil scandals, to cite a few high-profile cases, had a net impact on revenue leakages that was unbearable for the country’s finances and the citizens’ economic well-being.
“CISLAC contextualises its conversations around BO in its contemporary form as defined by the following indexes:
“Financial Action Task Force (FATF) whose efforts aim at promoting policies and standards that insulate global financial systems from acts of money laundering and the financing of terrorism and proliferation of weapons of mass destruction. (Article 24 & 25).
“ Nigeria’s obligation under the United Nations Convention against Corruption (UNCAC) and other international anti-money laundering and anti-terrorism instruments to improve the transparency of legal entities and other arrangements.
“The global Extractive Industry Transparency Initiative (EITI) implementation of the BO standards in this sector.
“We were already facing some sanctions from the European Union for the non-existence of anti-money laundering legislations; while we see and hear of prosecutions of Individuals and entities involved in the #panamapapers leaks and the #wikileaks among others,” Musa added.
It also identifies opportunities for effective coordination, the establishment of a network and/or facilitating access to relevant information for effective the implementation and monitoring of BO transparency processes in Nigeria.
Also, it also aims to harvest an agenda for advancing advocacy toward the effective implementation of BO in the extractive sector.
Musa extended his gratitude to Palladium for the partnership with funding support from the United States Agency for International Development (USAID), which made the engagement possible.
Nation
PH based Ibadan indigenes vow commitment To Rules of law
Nation
LECAN Plans Free Electrical Installation Training Program in Rivers, Honors Veterans
Nation
MOSIEND URGE NDDC TO EMBARK ON WATER PROJECTS IN BUGUMA …TASK RSG TO REVAMP BUGUMA FISH FARM
The Movement for the Survival of the Izon Ethnic Nationality in the Niger Delta (MOSIEND) has called on the Management of Niger Delta Development Commission NDDC to embark on the water projects in Buguma city in Asari Toru Local Government Area, Rivers state
The Group called on the Rivers state government to revamp the Buguma fish farm to create employment for the teeming youths
On the water project in Buguma, MOSIEND said the population of Buguma has increased tremendously as the residents need more water projects to enhance the daily livelihood of the people
The Group also appealed to the Chairman of the council to assist in making the project a reality and attracts more developmental projects to the city
This call was on Rhythm 93.7 FM Port Harcourt, Radio program, Talk of the Town, by MOSIEND Eastern Zonal Coordinator of MOSIEND Half Hour Comrade Tammy Bruce Longjohn alongside Mark Ojuka,Chairman of Buguma and Hon Sandra Owunari JP Chairman Obuama and monitored by our correspondent
Comrade Ojuka also called on the Management of Liquidifed Natural Gas NLG to embark on a free medical outreach in all Kala bari communities to improve their health status
He appealed to LNG to award scholarship to indigens of Kalabari communities in tertiary institutions to better their education, noting the company is doing same in Bonny, abandoning Kalabari communities
“We need contracts, free medical, scholarships and employment including skill acquisition programs for our teeming youths in Kalabari extractions ”
On Security, Mark Ojuka said security in Buguma is at zero level with the help of the Ama Ma soldiers the city is more peaceful and investors friendly as the youths of area have cordial relationship with the security agencies in the area
“Security is very secured in Buguma clan”
He called on the Rivers state to revamp the Buguma fish farm to create employment for the teeming youths
“The youths are asking for human capacity building in the area to reduce unemployment”
“The revamping of the Buguma fish farm will also reduce youth violence”
Also Speaking, Eastern Zonal Coordinator of MOSIEND Half Hour Comrade Tammy Bruce Longjohn called for more improve in infrastructures in Kalabari community, especially in electricity
There is little improvement in terms of electricity in Buguma city
He decried the deplorable condition
of Buguma Health Centre, saying that the hospital is near functional
“Our sisters that are pregnant and our sick parents can not access the health centre for a better treatment ”
Describing the Health Centre as an eye saw, he called on Rivers state government and Buguma Local Government chairman Hon William to improve on facilities in the centre and make it more medically accessible to the sick persons in the area
Buguma, Tammy Bruce said is the spiritual headquarter of Kalabari people as such deserve more modern facilities from the government to improve lives
The Coordinator called on government, stakeholders and oil companies to assist and improve the poor infrastructural facilities in area
“We need first class hospitals, qualified medical doctors and nurses in the health centres and hospitals”
On the oil spilled in Obuoma Chairman MOSIEND Obuoma, Hon Sandra Owunari said the spill destroyed their crops and Rivers even polluted their only source of drinking water
She expressed displeasure that Rivers state government did not send any relief materials to the people in the affected community
On Chieftaincy title to women in Obuama, Hon Sandra Owunari said the community do not install Chieftaincy title to women, saying that Chieftaincy title is only reserved for men only in the community
CHINEDU WOSU
-
Business4 days agoCBN Revises Cash Withdrawal Rules January 2026, Ends Special Authorisation
-
Business4 days ago
Shippers Council Vows Commitment To Security At Nigerian Ports
-
Business4 days agoNigeria Risks Talents Exodus In Oil And Gas Sector – PENGASSAN
-
Business3 days agoFIRS Clarifies New Tax Laws, Debunks Levy Misconceptions
-
Sports3 days ago
Obagi Emerges OML 58 Football Cup Champions
-
Politics3 days agoTinubu Increases Ambassador-nominees to 65, Seeks Senate’s Confirmation
-
Business4 days ago
NCDMB, Others Task Youths On Skills Acquisition, Peace
-
Sports3 days agoFOOTBALL FANS FIESTA IN PH IS TO PROMOTE PEACE, UNITY – Oputa
