Huge Fund Siphoning Is Eating Up Africa’s Progress, Says UN Envoy


african-flagsHuge Fund Siphoning Is Eating Up Africa’s Progress, Says UN Envoy-A huge amount of money being siphoned out of African continent is damaging the developmental prospect continent, according to a United Nations envoy.

The conspiracy of  fund siphoning culture is stripping the continent naked of her fortunes and has denied her of major forward leap.

United Nations Deputy Secretary General, Mr. Jan Eliason making the asserting  claimed that at least $50Billion   is carted away from the continent yearly  decrying what he denoted as economic sabotage of the continent describing it as ‘alarming’.

He made the revelation on Thursday as he paid a courtesy call on the Speaker of the House of Representatives,  Aminu  Tambuwal.

Mr. Jan Eliason, said it is more regrettable because the money would have been used to upgrade the social level of the continent through the carrying out of major developments.

Mr Eliason described Nigeria as a World leader claiming  she had  helped in building security, peacekeeping and economic development as a “strong  ally to the United Nations.”

He said Nigeria has also “embraced its multiplicity as a resource and not a problem, and this is a role model for other African countries.”

In his remarks, Tambuwal commended the UN for it’s support to the Nigerian economy and Africa as a critical part of the African Union 2063 Strategy.

According to him, the Nigerian parliament has played major roles in ensuring pro-poor policies that form the core focus of its activities. These include through strengthening oversight of public service delivery, prioritizing budgetary appropriation for pro-poor sectors and the creation of standing committees like that of the MDGs, Human Rights, and Hiv/Aids, Tuberculosis & Malaria Control which focuses entirely on social development.

He explained  that the House of Representatives is looking to partnerships that will facilitate investment in institutions especially those that will deliver services in health, education, water, strengthen data systems, access to justice and other critical factors that enable sustainable development.

On human rights , Tambuwal reaffirmed Nigeria’s adherence to the human rights, non-discrimination and non-violence and hope for the continued support of the United Nations.

“On 2015 elections, I would like to assure you and your delegation that National Assembly is doing everything possible to achieve violence free and fair elections in Nigeria through amendment of the electoral laws.”

Source: Vanguard