Concerned by the phenomenal underdevelopment implications of stolen
capital flight from developing countries to safe havens in developed
states and the laundering of resources through bribery and corruption in
the conduct of international businesses, the Kent Law School of the
University of Kent under the University of Kent Impact Funds in
collaboration with The Corner House; Global Witness and Human and
Environmental Development Agenda convened a one-day specialized training
session targeted at Diaspora communities of West Africa,
anti-corruption activists, compliance officers, anti-corruption
agencies, registrars, senior state counsel, senior civil servants,
judicial officers, accountants, journalists, estate managers, diplomats
and legal advisers. Also in attendance were representatives of Nigeria’s
Economic and Financial Crimes Commission (EFCC), Presidential Advisory
Committee Against Corruption (PACAC) and the Nigerian High Commission in
The course offered a practical, doctrinal and procedural introduction
to researching UK and a select other countries’ property and company
ownership records, using public sources of information.
The conference sought to expose participants to: the current
innovative Nigerian whistleblowing program, which compensates
whistleblowers; strategies for Africans in the Diaspora to influence
safeguard of their countries’ fortunes through tracing where national
loots are stored; researching of tax fiddles, scams and shell companies;
tracing of assets of politically exposed persons and statesmen;
knowledge of means by which politically exposed persons disguise their
wealth and use tax havens as well as financial hubs for storing stolen
wealth; understanding of issues surrounding the use of UK Companies
House in conducting searches; how to work with Company Registrars in
other countries; use of company annual reports and prospectuses;
examining the procedural rules that apply to researching companies and
corporate networks; examining e-resources to trace proceeds of
corruption and financial crimes; and interaction with world-renowned
experts who have worked on some of the most high-profile corruption
investigations in the UK, United States of America, Europe and Nigeria.
Participants and resource persons, after reviewing, analyzing and
dissecting the theme and sub-themes on; flight of capital into foreign
property market: scale of the Nigerian problem; law and practice of the
whistle blower policy of the Nigeria, scope of participation of Diaspora
communities; the A-Z of international company search; breaking
corruption scandals in Nigeria from home and abroad; researching London
properties; research and tracing sham/shell company investments; tracing
noxious illicit financial flows: updates on the law and practice of
asset recovery from Europe to Africa and reviewing strategies on
protection of the commonwealth; committing Diaspora Africans to whistle
blowing and detection of grand corruption proceed, observed as follows:
- The stolen wealth of developing states and proceeds of bribery and
corruption in their participation in international businesses have found
safe haven in the Western hemisphere.
- Every year billions of money stolen from some of the most
impoverished countries in the world by corrupt politicians, public
officials and business people enters the UK and other western countries
- Over £4.2 billion worth of properties in and around London have been
identified as bought and owned by politicians and public officials with
suspicious wealth from around the world.
- Recent study shows those buying apartments in 14 landmark London
developments are overseas investors and 40 per cent of the investors are
often Politically Exposed Persons (PEPs) that have come from countries
with a high corruption risk.
- Laws and enforcement mechanisms in the UK are weak in identifying,
tracing, investigating and confiscating proceeds of crimes finding their
ways into the UK system from developing countries or countries with
high corruption risks.
- Laws, mechanisms and platforms available for tracing, tracking,
confiscating and repatriating stolen assets and funds in the UK and the
Whistleblower policy of the Nigerian Government are underutilised by
Nigerians and Africans in Diaspora to discourage illicit financial flow
and money laundering from developing countries.
- Failure of Africans in Diaspora to expose obscene display of wealth
and opulent style of life by Politically Exposed Persons emboldens
treasury looters in their criminal acts within Europe, especially the UK
- Law enforcement and judicial institutions in high corruption risk
countries like Nigeria are deliberately weakened and compromised by
politicians and their international business collaborators to escape
justice and provide legitimacy for their proceeds of crime.
- In violation of the UNCAC provisions on Stolen Asset Recovery,
recipient countries of stolen assets tend to deploy all possible
technical and legal obstacles to prevent expeditious repatriation of
tracked and confiscated loots to countries of origin.
- Nigerians in Diaspora and at home are not taking full advantage of
the new whistleblower policy of the Nigerian Government to: expose the
avalanche of looted resources in the UK; deter further illicit flow of
proceeds of corruption to the country; get rewarded for their
involvement in repatriation of stolen wealth.
- At the International Anti-Corruption Summit in 2016 the UK
government committed to introducing a public register naming the
ultimate beneficial owners of UK properties that are owned by overseas
companies. Under the UK’s Open Government Partnership National Action
Plan, the primary legislation that would create the register is
scheduled to be initiated before April 2018. The policy has been drafted
and widely consulted on.
Participants therefore recommend as follows:
- Africans in Diaspora should be brought up to speed with the
essential terminology, concepts and principles that define these
specialist areas of money laundering, illicit financial flow, safe haven
for stolen assets and shell/sham companies.
- Stakeholders to design and organise twice a year, refresher courses,
trainings and conferences to ensure comprehension of the many technical
terms of law, strategy and other intricacies of tracing illegally owned
properties in the UK
- Government and non-government actors to convene fora to identify and
examine the phenomenon of illicit financial flows and highlight the
main treaties, principles, soft laws as well as the legal, political,
diplomatic and procedural steps by which corrupt assets can be traced,
frozen, seized, forfeited and returned.
- State and Non-State Actors in the UK must engage the available legal
mechanisms to recognize, prevent, recover and return all forms of
Illicit Financial Flows from High Corruption Risk Countries.
- Inter-governmental framework developed around the conditions of
return of stolen funds must take account of the integrity of requesting
- Returnable assets should include punitive fines, compensation and
disgorged profits earned from settlements; other illicit outflows such
as diverted tax, shifted profits, and illicit gains linked to operations
of multinational corporations
- Diasporans should help victim countries map scope of looted funds
and come up with information on: where assets are located; which assets
are worth following; recovery mechanism; and professionals to use.
- UK citizens and Diasporans should build the momentum to bring the
government and law enforcement systems in conformity with their duties
to account for, trace, track and confiscate stolen assets within the UK
- Several measures could be used to augment online searches such as
physical investigations and intense analysis of information in the
public domain on social media.
- A network of volunteer investigators and researchers is to be formed
from the ranks of attendees of this conference to make connection with
other research groups and Africans in the Diaspora in order to engage in
further specialist anti-corruption activities including monthly online
joint illicit investment tracing sessions.
- Civil society to increase its pressure on the UK government to
deliver on the promise it made at the Summit in 2016. Interested
international allies to raise their concerns about the lack of political
will and implementation through formal government-to-government
Dr. Gbenga Oduntan, University of Kent
Nick Hildyard, Corner House
Simon Taylor, Global Witness
Olanrewaju Suraju, HEDA
L. A Prisoners Infect Themselves With Coronavirus To Get Early Release (VIDEO)
A group of silly L.A area prison inmates were very eager to contract the dreaded coronavirus .
They attempted this because they believed that would trigger their ticket out of prison.
According to the L.A. County Sheriff Alex Villanueva who made the startling revelation Monday, said about twenty-four (24) inmates at the Pitchess Detention Center in Castaic attempted (and somewhat succeeded, apparently) to infect themselves way back in mid-April 2020.
The Sheriff revealed that their department saw an increase in spike in confirmed cases out of nowhere.
He said that when they investigated, they found a high number of inmates living in one block of the prison appeared to be deliberately trying to infect each other with COVID-19 any way they could from behind bars.
When Alex Villanueva played the surveillance footages he and his team combed through carefully , and it showed several inmates hanging out in a common area and passing around what Alex described as a hot cup of water, as well as one face mask they’d each put on all in hopes of getting sympathy from a judge to spring them from the facility and let them go home.
But it turns out, their little ploy worked but, only halfway.
Villanueva reported that 21 of the inmates (out of 50 in the block) caught the ‘Coronavirus.
“What they won’t catch is a break” said the Sheriff.
Watch the Video HERE
COVID-19 LOCKDOWN: 12 Year Old Albino Girl Suffers Eye Problems After Hawking Veggies In Abuja (PHOTOS)
A very sad Facebook post greeted Nigerians from Abuja showing a 12 year old Albino Girl Grace, who started developing sight problems after Hawking Veggies under the scorching sun in Abuja.
The Facebook post stated that the little girl was asked to hawk the veggies by her aunt whom she lives with.
Below are the Screenshots of the Facebook post:
This sad news has sparked an outrage by well meaning individuals who spoke against such cruelty and insensitivity of the said girl’s aunt.
what do you think of this? Drop your comments below.
“Buhari is Made In London” – Reno Omokri Blasts Presidency On Nigerian Made Products
The Buhari administration has been known for enforcing the Nigerian people to patronize Nigerian made goods though without much strategy to make life easier while this transition to economic growth is enforced.
The Buhari administration has been known for enforcing the Nigerian people to patronize Nigerian made goods though without much strategy to make life easier while this transition to economic growth is enforced. Many Nigerians have tagged it a harsh move that is insensitive and inhumane but moreso, Reno Omokri has singled out signals of hypocrisy in the President of Nigeria by outlining certain traits of family moves of the President that shows that he(Buhari) as the No.1 citizen has no regards for anything made in Nigeria but yet wants other Nigerians to embrace Nigerian made goods.
Reno Omokri ‘s tweet reads:
His kids schooled in England. His wife just returned from a 3 month UK stay. His daughter gave birth to his grandchild in Spain (made in Spain), yet
, who is London, wants us to patronise made in Nigeria!