UN General Assembly
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...
UN won’t vote electronically in Security Council election
The United Nations (UN) General Assembly will cast ballots in-person for five new non-permanent Security Council seats, its president said Thursday, effectively ruling out electronic voting despite the coronavirus pandemic. In a letter to UN members obtained by AFP, President Tijjani Muhammad-Bande said that voting members would be “invited to visit the venue at the designated time slot communicated to them in advance” in order to cast their ballot. Mexico and India are guaranteed a spot on the Council as the only countries in the running to represent Latin America and Asia respectively. Ireland, Norway, and Canada will compete among themselves for two more seats. Meanwhile, Kenya and Djibouti will vie for the only spot reserved for Africa. The vote is planned for June 17, but the letter s...
