UN chief to int’l community: Stop annual flight of $50bn from Africa

UN Secretary-General, Antonio Guterres, has appealed to the international community to take action against the outflow of illegal funds, money-laundering and tax evasion, which cost Africa $50 billion every year.

Mr Guterres, who made the appeal in Addis Ababa at the second

annual UN-African Union Conference, said African resources should remain in Africa to support the development of the continent.

The UN chief said: “I strongly congratulate the African Union for its very important initiative on corruption.

“I appeal to the international community to do everything to make sure that illegal financial flows, money laundering and tax evasion do not allow $50 billion dollars to leave the African continent every year.

“This is a responsibility to support Africa to make sure that African resources remain in Africa to support African development.”

The News Agency of Nigeria (NAN) reports that AU had anti-corruption as its agenda for the year 2018 with the theme; “Winning the Fight Against Corruption: A Sustainable Path to Africa’s Transformation.”

The theme was officially launched at Addis Ababa in January by Nigeria’s President Muhammadu Buhari, who was appointed by the continental body to serve as the ‘champion of the theme of the year’.

The meeting, which covered a wide range of topics, was part of ongoing efforts to strengthen the relationship between the AU and the UN and Guterres spoke about the AU-UN close collaboration in areas such as peace and security.

The UN chief said recent developments in Africa indicate that the continent is increasingly moving in the direction of peace and enhanced security

“We feel a wind blowing in the direction of peace,” he said, referring to recent developments such as the historic visit by Ethiopia’s Prime Minister to rival and neighbour Eritrea, as well as peace talks on South Sudan, where conflict had raged since 2013.

“All this gives us hope that the African continent will be moving more and more in the right direction in peace and security,” he added, telling delegates that the UN could not afford to fail in its dealings with the continent. (NAN)

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