Official Corruption
VP Osinbajo urges destination countries to insist on repatriation of illicit funds
Vice President Yemi Osinbajo has urged leaders of destination countries to insist on repatriation of illicit funds and proceeds. Osinbajo’s spokesman, Laolu Akande, in a statement on Monday in Abuja, said the Vice President made the submission at the virtual inauguration of a publication by the UN Conference on Trade and Development (UNCTAD) on the impact of illicit financial flows (IFFs) on African Development. Osinbajo called for an overhaul of the international tax system in order to tackle the scourge. “The enormity of efforts required to tackle illicit financial flows is evident in the many dimensions the scourge presents itself. “It manifests through harmful tax policies and practices, abusive transfer pricing, trade mis-pricing and mis-invoicing illegal exploitation of natural resou...
Jordan’s monarch dissolves parliament ahead of November election
Election comes amid popular discontent over economic woes worsened by COVID-19 and corruption allegations. Jordan’s King Abdullah has dissolved parliament, paving the way for an election in November. Under constitutional rules, the government must resign within a week. In July, Jordan’s electoral commission set November 10 as the date for a parliamentary election after the monarch called for countrywide polls to be held at the end of the parliament’s four-year term. The king issued a royal edict ordering the dissolution of parliament effective on Sunday. The assembly comprises 130 legislators, mainly pro-government tribal officials, businessmen and ex-security officials. The move is likely to be followed by a wider government shake-up to ward off popular disenchantment over economic hardsh...
