The sanctions Nigerian treasury looters can expect… from May 2016

Nigeria alongside 59 other countries have stepped up the fight against corruption and come May 2016, an agreement to impose sanctions on looters of the country’s treasury would be reached.

According to the Attorney-General of the Federation and Minister of Justice, Mallam Abubakar Malami, the said agreement to be signed would make it difficult for public office holders to loot funds and abscond abroad.

He revealed that some of the sanctions against the looters may include “travel restriction or denial of entry into the 60 countries; rejection of request for political asylum by corrupt political and public officers; no more approval of application for naturalization by any corrupt person; and the corrupt will not be allowed to operate foreign accounts in any of the signatory nation to the pact among others.”

He also said: “The affected countries will also design ways of sharing intelligence on corrupt officers and money launderers. We will all key into this understanding as part of the global action against corruption.”

“With this development, there is no hiding place for any public office holder who steals funds in this country.”

The AGF further said that this agreement would be signed in the United Kingdom at the anti-corruption summit billed to hold in May.

“The administration of President Muhammadu Buhari is stepping up the fight against corruption.”

“I am happy to bring to your notice that Nigeria and 59 other countries will enter into an agreement in May on the imposition of international sanctions against corrupt political and public office holders. This will take place at the 2016 international summit on anti-corruption in the UK.”

“At the May summit, these 60 countries will agree on some sanctions against those who steal public funds or launder money,” he added.

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