Share & more
Nigerian President Olusegun Obasanjo has called for an international convention that would ensure the repatriation of money stolen from Africa and other developing countries by corrupt regimes and unpatriotic individuals working in collaboration with foreign partners.
"Such an international convention or agreement is legally feasible and morally sustainable," he told the UN General Assembly on Thursday.
He said the convention would compel banks to disclose the source of illegal accounts and repatriate capital to the countries of rightful ownership. He also called for the guilty parties to be punished by national and international law.
Many African countries, he said, would be able to pay much or their debt if they could recover some of the stolen capital. Obasanjo has already written to some European governments and that of the United States in an effort to recover stolen public funds.
This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions
