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UN General Assembly Special Session on Corruption - Statement of Ireland by Hildegarde Naughton TD, Minister of State for Justice
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UN General Assembly Special Session on Corruption
Statement of Ireland by Hildegarde Naughton TD, Minister of State for Justice
Ladies, Gentlemen, and distinguished guests. I am very pleased to participate in this Special Session of the General Assembly on Challenges and Measures to Prevent and Combat Corruption and Strengthen International Cooperation.
I am honoured to reaffirm Ireland’s commitment to the fight against corruption. Corruption has a detrimental impact on development and economic growth, while reducing the quality of public resources, especially for women and most marginalised groups.
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The Economic and Financial Crimes Commission (EFCC) says it has commenced the process of carrying out fraud risk assessment on Federal Government agencies as part of efforts to fight corruption in the country.
Executive Chairman of EFCC, Abdulrasheed Bawa, told the News Agency of Nigeria (NAN) in New York that the measure would detect the agencies that were vulnerable to fraud.
Bawa said EFCC had built its capacity to understand fraud risk assessment, which it had already started implementing.
“The idea is for us to advise government on vulnerability of those agencies to fraud and corruption.
READ ALSO: PDP governors defecting to APC to avoid EFCC – Ortom“We have already engaged the Federal Ministry of Petroleum Resources, they are willing to partner with us towards carrying fraud risk assessment on all the parastatals under the ministry.’’
ISLAMABAD: Chairman of National Accountability Bureau Justice Javed Iqbal has said corruption is estimated to cost the world at least $2.6 trillion annually, approximately 5 percent of the global.
UNGASS: Nigeria Advocates Simplification of Assets Recovery Procedures thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.
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June 5, 2021
ISLAMABAD: National Accountability Bureau (NAB) Chairman Justice (R) Javed Iqbal said corruption is estimated to cost the world at least $2.6 trillion annually, approximately 5 percent of the global GDP.
It is estimated that $1.26 trillion are lost by the developing countries to corruption, bribery, theft and tax evasion each year. This is approximately nine times official development assistance funding. He said Pakistan’s commitment to eradicate corruption remains clear and firm as it has established a comprehensive legal and institutional framework for combating corruption. “Over the years, we have taken steps to improve institutional capacity and align domestic laws with international norms and standards embodied in the UNCAC,” he said while addressing a virtual session of the UN General Assembly Special Session against Corruption on Friday. He said the UN General Assembly may consider establishment of an open-ended intergovernmental working group