Former President Olusegun
Obasanjo has revealed that political leaders and other key players in both
public and private sectors in Africa launder the sum of $50 billion every year.
The former President spoke at the
1st Annual Nigeria Anti-Fraud Conference organised in Abeokuta by the
Association of Certified Fraud Examiners, ACFE, Lagos, Nigeria Chapter.
The ex-Presiddent said that the
increasing smuggling of such funds meant for socio-economic growth and
development of African continent is now giving African leaders, past and
present, great concerns.
Obasanjo who called for joint
effort to curb smuggling of funds to foreign lands.
Obasanjo who was named as Grand
Patron of ACFE, Lagos Nigeria Chapter asked the financial professionals and all
members of the Association to help fight fraud and corruption in Nigeria and
Africa as a whole.
He said, “$50 billion annually,
is illicitly taken away from Africa, this is a major concern for African
leaders, past and present.
“We are now trying and putting up
efforts to ensure that we prevent it.
“Organisation like you can also
help us and Africa fight corruption and fraud in Nigeria and Africa as a
whole.”
President and CEO of ACFE, Godwin
Oyedokun, speaking earlier, said, “It is really a delight to h Olusegun
Obasanjo. Your acceptance of our invitation is an indication that you have the
love of this nation at heart. Let me say that two things informed our decision
to have you in our midst.
“First, ACFE, Lagos Nigeria
Chapter recognises your role in sanitising the Nigeria system before, during
and even after you have left government. Secondly, we want to honour you as our
Grand Patron, the one we could always run to, for advice, guidance and mentorship.
“Thanks very much for honouring
us with your presence – may God continue gracefully add to your age.”
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