Groups Task CSOs, media, others on climate change, illicit cash flow – :::… The Tide News Online :::…
In the face of the glaring threat climate change poses to the world, groups of anti-corruption agencies, the media, civil society organizations (local and international), community groups and unions and universities have called on the media, unions, based groups and others to strengthen the alliance and network to decisively lead a vigorous campaign against the danger of climate change.
The groups also accused them of speaking out against illicit financial flows from Africa, claiming that illicit financial flows from Africa are partly responsible for poverty, misery, unemployment and the wave of violence and despair in many African countries.
In a statement released at the end of the one-day workshop on Illicit Financial Flows, Gas Flaring and COP 26 hosted by the Human and Environmental Development Program (HEDA) Resource Center, Re-Common and Cornerhouse in conjunction with the Fossil Fuel Non-Proliferation Initiative and supported by the MacArthur Foundation held in Lagos, they maintained that corruption remains a growing threat to global security and prosperity, claiming that corruption has continued to undermine Nigeria’s human and material potential, energy poverty, hunger, famine, and economic and political instability.
According to them, one of the main factors contributing to corruption is the illicit financial flow, and every year billions of dollars are siphoned from Nigeria by public and private officials, hampering the growth and economic well-being of the country.
âOil and gas are the backbone of Nigeria’s political economy, while the sector remains one of the black spots of misery. Since 1956, when oil was first discovered in Nigeria, billions of dollars have been raised by Nigerian authorities but have neither translated into prosperity nor improved the lives of millions of Nigerians who remain poor and vulnerable. .
âAn exceptional vehicle for corruption and illicit financial flows in the oil sector is gas flaring, when the impact of climate change on livelihoods in Nigeria is real. “
With the theme âIllicit Financial Flows and Gas Flaring as an Albatross in Nigeria’s Climate Change Response: Building Momentum Towards COP 26â, they examined illicit financial flows and gas flaring as a threat. major for livelihoods and climate change, Responses and resolved that Africa, including Nigeria, must redouble its efforts to end illicit financial flows in the oil and gas sector perpetrated by local actors and international.
They also asserted that climate change remains a problem of phenomenon.
“Africa, including Nigeria, should therefore rise to the perilous challenge and such efforts must be made by all stakeholders, including, but not limited to, civil society, democratic institutions and indigenous communities. .
âThe Nigerian government should use modern technology to detect the quantity and quality of oil and gas exported from the country, which should lead to the freezing and demobilization of assets such as stocks and real estate, in addition to repatriation. of all the stolen funds that should be incorporated into projects that impact on the basic needs of Nigerians.
âRecovering illicit funds requires the use of legal and diplomatic mechanisms within the framework of global best practices. This means that Africa, including Nigeria, should work to end corruption at home in order to prevent illicit financial flows from the continent. “
They also argued that Africa needs a transparent and accountable system of government that will strengthen a people-centered mechanism to improve openness and inclusion; therefore, there should be a paradigm shift from dependence on foreign aid to self-reliance which involves judicious use of local human and material resources with development built around institutions rather than individuals.
“The government should focus on growing the private sector rather than growing private interests, and campaign efforts to ‘save Africa’ and ‘end poverty’ would be meaningless in the face of the constant damage to the country. continent by government corruption. civil servants and private sector operators, thus people must conscientiously hold government accountable through constructive democratic engagements.
“The perpetuation of corruption is supported by inter-state brotherhood that fosters a symbiotic relationship between a looting ruling elite class and rogue multinationals, including local and international players in banking and financial institutions in host countries. foreigners. Any attempt to fight corruption must take into account the current situation.
“African member states should strengthen anti-corruption institutions to be able to legally treat corrupt people and bring them to trial in a speedy and less complex trial, and be aware of the challenges posed by climate change , gas flaring and illicit financial flows, the continent being the most vulnerable, but the least prepared for climate change but the most affected by its negative consequences such as drought, deforestation and pollution, given its economic situations and resilience, including lack of access, opportunities, infrastructure, etc.
âClimate change, as a major challenge, also comes with associated opportunities to explore new technologies, new knowledge, but Africa has not yet seized this window. The continent should also focus on research and local solutions initiatives to complement global efforts to address the challenge posed by climate change, âthey added.