BreakingNews 22/9/16 - Buhari seeks UN intervention in stolen funds` repatriation

[ Masterweb Reports: Isiaka Wakili reports ] - President Muhammadu Buhari has called on the United Nations to "remain vocal and active" in addressing the negative impact of non-repatriation of illicit financial assets on their countries of origin. President Buhari made the call in New York Thursday at the high-level meeting of the United Nations General Assembly to commemorate the 30th anniversary of the Declaration on the Right to Development.
President Buhari urged that "as soon as stolen assets are legally established, they should swiftly be repatriated."
He said that illicit financial assets stashed abroad "deprive developing countries, including Nigeria, and invariably deny people the enjoyment of their national wealth and resources needed for development."
He emphatically cautioned that non-repatriation of illicit financial assets could impinge on the determination of states to achieve an all-inclusive 2030 sustainable development.
Buhari called on development partners to also up the fight against corruption by returning ill-gotten financial assets and halting future illicit financial flows to their countries.
The president maintained that such collective action would guarantee a stronger international defence of the right to development.
The Nigerian leader explained that his administration was fighting corruption headlong because it contributes to the denial of the resources required for development.
Buhari welcomed the commemoration of three decades of the Declaration on the Right to Development, which he observed, coincided with the first anniversary of the adoption of the 2030 Agenda for Sustainable Development.
He said: “It reminds us all of the essence of development and provides us with the opportunity to reaffirm commitments to converting this right into the policies and operational activities of relevant actors at the national, regional and international levels.”
According to the president, Nigeria, as a developing nation, considers the Right to Development an inalienable right of fundamental importance.
He noted that his administration had been making strenuous efforts towards ensuring that the right to development is at the centre of all development initiatives.
Buhari, who reaffirmed Nigeria’s commitment to the UN Charter and other international conventions that uphold the Right to Development, drew the attention of the global community to the urgent need to address the lopsided terms of trade between developed and developing countries which had impacted negatively on the capacity of many developing countries to embark on development programmes for the benefit of their peoples.
“Nigeria is convinced that the Right to Development is a shared responsibility considering the growing inequality and poverty resulting from climate change impact, natural disasters, violent extremism, social unrest and deprivation.
The Right to Development must be promoted and protected like all other rights. Its universality and interdependence are indisputable,” he stated.
*Photo Caption - Muhammadu Buhari

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