ADVERTISEMENT
The Sun Nigeria
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
The Sun Nigeria
No Result
View All Result
Home Cover

Buhari talks tough, rolls out fresh measures to fight corruption

12th May 2016
in Cover, National
0
Buhari talks tough, rolls out fresh measures to fight corruption
276
SHARES
63
VIEWS
Share on FacebookShare on Twitter

President Muhammadu Buhari pledged Thursday in London that in furtherance of his administration’s ongoing war against corruption, Nigeria will soon begin the full implementation of the principles of the Open Contracting Data Standard, according a state by Mr. Femi Adesina, Special Adviser to the President on Media & Publicity.

In Nigeria’s country statement to the Anti-Corruption Summit hosted by Prime Minister David Cameron of Britain, President Buhari said that the Federal Government will apply the Open Contracting Data Standard to major projects in the oil, transportation, power, health, education and other sectors.

The Open Contracting Data Standard (OCDS) enables disclosure of data and documents at all stages of the contracting process by defining a common data model.

The publication of OCDS data ensures greater transparency in public contracting, and can support accessible and in-depth analysis of the efficiency, effectiveness, fairness, and integrity of public contracting systems.

President Buhari said that his administration is also taking steps to ensure greater transparency of the ownership and control of all companies involved in property purchase and public contracting.

“Nigeria is already collating this information through the Extractive Industry Initiative process and will extend it to other sectors.

“Nigeria will establish a transparent central register of foreign companies bidding on public contracts and buying property. We welcome the proposal by developed countries to work together to improve the access of developing countries to beneficial ownership information for use in public contracting, the President said.

President Buhari also welcomed a proposal to restrict the ability of those involved in corruption to travel, invest and do business overseas.

“We commit to joining the pilot initiative for automatic exchange of beneficial information. Nigeria commits to deploying public-private information sharing partnerships to bring together governments, law enforcement, regulators and the financial sector to detect, prevent and disrupt money laundering linked to corruption.

“We commit to work together to enhance company disclosure on the payments to governments for the sale of oil, gas and minerals, complementing ongoing work within the EITI.

“Nigeria is already reporting progress through the EITI working groups and will continue to work with interested countries to build a common understanding and strengthen the evidence for transparency in this area.

“We welcome voluntary disclosures through EITI reporting and by some major companies regarding payments to governments for the sale of oil, gas and minerals.

“We welcome the new 2016 EITI Standard, in particular the requirements on beneficial ownership and the sale of the government’s share of production. We will sign up to the Common Reporting Standard initiative.

“We commit to reviewing penalties and other actions against professional enablers of tax evasion, including for corporations that fail to prevent their employees from facilitating tax evasion.

“We support the development of a global commitment for public country by country reporting on tax information for large multinational enterprises.

“We commit to the strengthening of our asset recovery legislation, including through non-conviction based confiscation powers and the introduction of unexplained wealth orders.

“In order to improve on the current legal procedures and ease asset recovery procedures, we have drafted the Proceeds of Crime Bill which provides for the transparent management of recovered funds and assets and a non-conviction based approach to asset recovery.

“We will work with others countries, civil society, international organisations to support accelerated implementation of the voluntary provisions of the UN Convention Against Corruption (UNCAC) and we commit to the implementation of the outstanding obligations under the UNCAC.

“We support the establishment of an International Anti-Corruption Coordination Centre to be managed by National Crimes Agency of Britain. We will work with NCA in promoting this centre in the African region,” the President said.

 

 

 

Click Here>>>>>>7 Natural Herbs to Finally End Premature Ejaculation and Weak Erection<<<<<<

Click Here>>>>>>Anti-kidnap and anti-theft device for tracking and listening<<<<<<

Philip Nwosu

Philip Nwosu

Related Posts

IGP in Katsina, vows to rid area of banditry, criminality
National

Community policing only solution to crime fighting –IGP

21st January 2021
Imo: IPOB, police in bloody clash
National

Police nab 7 suspected kidnappers, robbers, cultists

21st January 2021
Bandits kill 70, sack 8 villages in Niger
National

Bandits ambush vigilantes, kill 7 in Niger

21st January 2021
Next Post
Brazil: Rousseff to face trail after Senate impeachment vote

Brazil: Rousseff to face trail after Senate impeachment vote

Ambode Mourns Tunji Braithwaite, Says Lagos Lost A Great Son

Ambode reiterates commitment to efficient health service delivery

Aviation Reform: FG must emphasise job creation

Aviation Reform: FG must emphasise job creation

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Highlights

Agenda for Ohanaeze President, Obiozor

Emerging trends in Ugandan election

Nigeria and Covid-19 vaccine

FG raised N2.36tr from capital market in 2020

Fiscal deficit rose to N451.22bn in October –CBN

Shippers lose N2.8trn to unfavourable policies

Trending

FG overburdening Nigerians with taxation –Secondus
Politics

2021 as PDP’s make or mar Year

21st January 2021
0

From Ndubuisi Orji, Abuja The 2023 general election is still far away. However, 2021 will define the ...

That Customs security memo

Indefatigable Nigerian soldiers

21st January 2021
Are Nigerian youths now asking questions?

Anambra governorship: PDP has no chance going south

21st January 2021
Agenda for Ohanaeze President, Obiozor

Agenda for Ohanaeze President, Obiozor

21st January 2021

Emerging trends in Ugandan election

21st January 2021
ADVERTISEMENT

Follow us on social media:

Categories

  • Abuja Metro
  • Arts
  • Broken Tongues
  • Business
  • Business Week
  • Cartoons
  • Citizen Joe
  • Columns
  • Cover
  • Culture
  • Duro Onabule
  • Editorial
  • Education Review
  • Effect
  • Elections
  • Entertainment
  • Events
  • Features
  • Femi Adesina
  • Food & Drinks
  • Frank Talk
  • Funke Egbemode
  • Gallery
  • Global Square by Kenneth Okonkwo
  • Health
  • Insights
  • Kalu Leadership Series
  • Kunle Solaja
  • Kunle Solaja
  • Letters
  • Lifeline
  • Lifestyle
  • Literary Review
  • Marketing Matters
  • Muiz Banire
  • National
  • News
  • Offside Musings
  • Opinion
  • oriental news
  • Politics
  • Press Release
  • PressClips
  • Public Sphere
  • Ralph Egbu
  • Shola Oshunkeye
  • Sideview
  • South-west Magazine
  • Sponsored Post
  • Sporting Sun
  • Sports
  • Sun Girl
  • Tea Time
  • The Flipside – Eric Osagie
  • The Sun Awards Live
  • The Sun TV
  • Thoughts & Talks
  • Time Out
  • Today's cover
  • Tola Adeniyi
  • Travel
  • Travel & Tourism
  • Trending
  • TSWeekend
  • Turf Game
  • Uncategorized
  • Updates
  • Views from Abroad
  • Voices
  • World
  • World News
  • Home
  • About Us
  • Paper Ad Rate
  • Online Ad Rate
  • The Team
  • Contact Us
  • Privacy Policy

© 2019 The Sun Nigeria - Managed by Netsera.

No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun

© 2019 The Sun Nigeria - Managed by Netsera.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist