ICPC holds capacity-building training to check Illicit Financial Flow

Salihu Ali, Abuja.

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The Independent Corrupt Practices and Other Related Offences Commission (ICPC) in conjunction with the Inter-Agency Committee on Stopping Illicit Financial Flow (IFF) from Nigeria is holding a capacity-building training for senior and middle-level negotiators drawn from Ministries, Departments and Agencies (MDAs) of the government, who are involved in negotiating trade agreements with foreign nations and companies for Nigeria.

 

The ICPC Spokesperson, Mrs Azuka Ogugua, who disclosed this in a Press statement in Abuja said “the capacity-building training will be both physical and virtual on Monday,  28th June and Tuesday, 29th June 2021 from 9:00am.”

 

According to the ICPC Chairman, Prof. Bolaji Owasanoye, SAN, “the capacity building is aimed at equipping Nigerian negotiators for improved terms of engagement and mitigating IFFs.

 

“The idea of the training is to sensitize negotiators on the type of clauses to look out for to protect the laws of the country and prevent Nigeria from losing revenue through Illicit Financial Flow.

 

“The capacity building will help our negotiators prepare for the risks associated with negotiating trade, investment, tax, natural resource, and environmental agreements for the country.

 

Nigeria’s Vice President, Prof. Yemi Osinbajo, SAN, and Prof. Melaku Desta, a professor of International Economic Law from the Leicester De Montfort University in United Kingdom will be part of the two-day training.

 

“The first day of the training of negotiators would be a virtual zoom meeting while five breakout sessions would be held on the second day of the capacity building at the NAF Conference Centre in Abuja,” the Press statement explained.

 

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