ABUJA EARTH TREMOR: MINISTER DELE ALAKE CALLS FOR CALM, DIRECTS AGENCY TO REPORT UPDATES. (PHOTO).

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 ABUJA EARTH TREMOR: MINISTER DELE ALAKE CALLS FOR CALM, DIRECTS AGENCY TO REPORT UPDATES The minister of Solid Minerals Development, Dele Alake has directed the Nigerian Geological Survey Agency to provide hourly updates of the seismic developments around Abuja to him for regular review and possible escalation to other relevant agencies, Urging residents of the Federal Capital to go about their normal routine without anxiety. In a statement by the Special Assistant on Media, Lara Owoeye-Wise, the minister assures that proactive measures have been deployed to ensure the safety of residents and property. The minor earth tremor was noticed on Tuesday, August 4th at 11am in the Federal Capital Territory by the Nigerian Geological survey Agency.

NIGERIA CHAMPIONS AFRICAN POSITION ON ASSET RECOVERY AT UN FfD4 IN SEVILLE. (PHOTO). #PRESS RELEASE.


 PRESS RELEASE 


NIGERIA CHAMPIONS AFRICAN POSITION ON ASSET RECOVERY AT UN FfD4 IN SEVILLE


As the world grapples with the challenges of sustainable development, the Honourable Minister of State for Finance, Dr. Doris Uzoka-Anite has highlighted the significant impact of illicit financial flows and financial crime on sustainable development in Nigeria and across Africa


Addressing key stakeholders on Safeguarding Sustainable Development Finance by Addressing Illicit Financial Flows and Fighting Financial Crimes

at the United Nations Headquarters in New York on Thursday ahead of the Fourth International Conference on Financing for Development (FfD4) in Seville, Dr Doris Uzoka-Anite underscored Nigeria's commitment to addressing these challenges.


She stated that recent estimates informs that Africa loses $88.6 billion annually to illicit financial flows, with Nigeria accounting for approximately 20% of these losses, noting that these outflows hinder the country's ability to provide essential infrastructure and services to its citizens. 


 These illicit financial flows are a major obstacle to our development, depriving our citizens of essential services and infrastructure. We must work together to ensure that our resources are utilized for the benefit of our citizens.


To address this challenge,  the Minister said,  Nigeria remains committed to multilateral cooperation through our

championing of the Common African Position on Asset Recovery (CAPAR) and supporting the UN Framework on international tax cooperation.


 Dr. Uzoka-Anite emphasized the importance of enhancing beneficial ownership transparency and improving information sharing across borders to make asset recovery more efficient. True progress requires equity in global financial systems. We must work together to build better systems that ensure resources remain where they belong - financing sustainable development for our citizens, she stated.


The Minister reaffirmed Nigeria's commitment to collaborating with international partners to achieve a more equitable and sustainable financial system. By working together, we can ensure that resources are utilized for the benefit of all citizens rather than being siphoned off through illicit means. We owe it to ourselves, our children, and future generations to take bold action against illicit financial flows and financial crime, Dr. Uzoka-Anite reiterated 


As Nigeria continues to champion this critical cause, the international community is urged to join forces in the fight against Illicit financial flows, ensuring a brighter future for all.


Signed 

Mohammed Manga FCAI

Director, Information and Public Relations 

May 2, 2025

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