U.S ANNOUNCES VISA CURBS FOR SOME FOREIGN NATIONALS IN SOUTH AFRICA. (PHOTO).

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 U.S announces visa curbs for some foreign nationals in South Africa Secretary of State Marco Rubio ‌said on Tuesday the U.S. government was announcing a new visa restriction ​policy targeting some foreign nationals ​in South Africa. The policy targets "foreign ⁠nationals who are responsible for, ​or complicit in, the enactment or ​implementation of laws or policies that enable uncompensated land seizures, race-based discrimination, and/or ​the incitement of imminent violence ​against members of minority ethnic or racial ‌groups ⁠in South Africa," Rubio said in a statement. "The South African government has not adequately addressed the ​previously laid ​out ⁠concerns," Rubio said, Reuters reported. Relations between Washington and Pretoria have ​soured since the start of ​Donald ⁠Trump's second term, with the U.S. president criticizing the country ⁠for ​its policies aimed at ​addressing racial inequality.

POCA: ICPC BEGINS DISPOSAL OF FORFEITED ASSETS.(PHOTO).#PRESS RELEASE.


POCA: ICPC Begins Disposal of Forfeited Assets

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) on Friday, commenced the process of disposal of assets forfeited to the Federal Government in line with the Proceeds of Crime (Recovery and Management) Act (POCA) signed into law by President Muhammadu Buhari on the 12th of May, 2022, with a bid opening to select auctioneers.

In his opening remarks at the event, the Chairman of the Commission, Professor Bolaji Owasanoye, SAN, OFR, who was represented by a Board Member of the Commission, Dr Louis Mandama mni, hailed the impact of the bill on the anti-corruption war and described it as a tool which brought clarity and purpose to the previously murky waters of asset recovery and management.

According to the Chairman, the unregulated structure surrounding forfeited assets often led to huge revenue loses which ultimately defeated the purpose of recovery.

He further stated that the Proceeds of Crime Act introduced a standardized procedure for management and disposal of forfeited assets, helped set up a governing directorate, and ensured that all processes were deliberated on and executed by professionals who were experts in relevant fields. This, according to him, promotes transparency and prioritizes corruption prevention.

The ICPC boss also highlighted the fact that each agency that recovers assets was responsible for the disposal of the forfeited assets and the process was tamper-proof as it instructs that all proceeds be lodged in a dedicated account, domiciled in the Central Bank of Nigeria and accessible only at the discretion of the National Assembly and President of Nigeria.


 

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