Foundations
EFCC: Top government officials involved in illicit financial flows
The Economic and Financial Crimes Commission (EFCC), has accused Nigerian leaders and top government officials of aiding the Illicit Financial Flows (IFF) activities in the country. The EFCC also revealed that corrupt government officials and their private sector collaborators used fronts and ownership structures that do not provide sufficient information about the true identities of the natural persons behind the title to hide illicit money and transferred same to safe havens abroad. The Executive Chairman of the EFCC, Mr. Abduralsheed Bawa, disclosed this during a one-day conference that was organised by the Civil Society Legislative Advocacy Centre (CSLAC) on IFF on Corruption in Arbitration in Abuja Bawa, who was represented by the Head of Research Unit, Department of Policy Research a...
Report: Lionel Messi accepts new Barcelona deal
Lionel Messi will stay at Barcelona. The official announcement will be treated as Barca’s big signing of the summer and the latest important media outlet to confirm the news is ‘BeIN Sports’. Journalist Achraf Ben Ayad, who follows Barca news very closely, says that Leo Messi has decided to stay. The Argentine missed the final game of the La Liga season and he did not train on Friday either with the club’s permission. The striker has taken holiday before going to Argentina to play in the Copa America. It seems like Leo Messi wants to decide on his future before the Copa America starts in June so the Argentinian’s new deal could be confirmed in the next two weeks. Leo Messi will have to accept a contract with a lowe salary than his current one due to Barca’s complicated financial situation....
US slaps sanctions on two foundations linked to Iranian supreme leader
The United States on Wednesday blacklisted two Iranian foundations controlled by Supreme Leader Ayatollah Ali Khamenei and their subsidiaries, saying the institutions enabled Iran’s elite to sustain a “corrupt” system of ownership over large parts of the economy. The designations announced by the US Department of the Treasury target Execution of Imam Khomeini’s Order (EIKO) and Astan Quds Razavi (AQR), their leaders and subsidiaries. These are the latest actions to reinforce the “maximum pressure” campaign on Iran pursued by US President Donald Trump’s administration. “These institutions enable Iran’s corrupt leaders to exploit a system of ownership over a wide range of sectors of Iran’s economy,” US Secretary of State Mike Pompeo said in a statement. US-Iranian tensions have risen since T...
Google, UNWTO partner to boost tourism in Nigeria, others
The United Nations World Tourism Organisation (UNWTO) and Google on Wednesday hosted the first UNWTO & Google Tourism Acceleration Program which focused on insights from Nigeria, Kenya and South Africa. The programme was put together ahead of World Tourism Day, Google said in a statement. The organisations said they partnered to create and host an online Acceleration Program for UNWTO member states’ tourism ministers, top travel associations and tourism boards. The initiative is put together to further develop innovation and digital transformation skills across the Africa and beyond. The COVID-19 crisis has disproportionately affected tourism, a sector that accounts for millions of jobs around the globe, a statement by Google said Wednesday. “While no one can say with certainty when th...
