Category: Reports

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INTERNATIONAL: Trade Misinvoicing Undermines the Impact of International Trade in Developing Nations.

Trade misinvoicing remains an obstacle to achieving sustainable and equitable growth in the developing world. This update, titled Illicit Financial Flows to and from 148 Developing Countries: 2006-2015, is the latest in a series of Global Financial Integrity (GFI) reports which provide country-level estimates of the illicit flows of money into and out of 148 developing and emerging market nations as a result of their trade in goods with advanced economies.
Illicit Financial Flows (IFFs) are defined as money that is illegally earned, used or moved and which crosses an international border. Trade misinvoicing is a method of moving IFFs, and includes the deliberate misrepresentation of the value of imports or exports in order to evade customs duties and VAT taxes, launder the proceeds of criminal activity or to hide offshore the proceeds of legitimate trade transactions, among other motivations.
Increasing trade among developing and emerging market countries is seen by many economists as a primary path to greater development. However, high levels of misinvoicing, as a percentage of total trade, indicate that most developing country governments do not benefit from a significant portion of their international trade transactions with advanced economies.
Not all countries provide their trade data to the UN and therefore are not represented in this analysis. Many of the 44 nations that do not report trade transactions to the UN are small states, however a few non-reporting countries have substantial economies including Kenya, Nigeria and Venezuela. Read More

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Human trafficking: Nigeria Struggles to Rescue 20,000 Girls From Mali Sex Trade (Video)

Nigeria is struggling to bring home an estimated 20,000 girls trapped in Mali. The victims of the sex trade are kept in appalling conditions.

Officials say collusion between law enforcement agents and traffickers is hampering the rescue efforts.

Read More>>> https://www.aljazeera.com/news/2019/03/nigeria-struggles-rescue-20-000-girls-mali-sex-trade-190306153334972.html Read More

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Terrorism: Nigeria’s Battle With Boko Haram

Boko Haram, an insurgency led by the Islamist group has claimed lots of lives. Some of the group’s activities includes terrorism, kidnapping, suicide bombings and destruction of properties. The insurgency has scared off international investors, particularly in Nigeria.

Read More>>> https://www.cfr.org/backgrounder/nigerias-battle-boko-haram?fbclid=IwAR2BV-tUM6JaYbiR7hB0bcIR1AaaM2S6kJt69d3uD7tpPz-dfpltcRKKXWE Read More

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Counter Terrorism: Nigeria Security Tracker

The Nigeria Security Tracker (NST) is a project of The Council on Foreign Relations’ program that tracks the occurrence of violence in Nigeria. An example of such violence is the Boko Haram insurgency. The data are based on weekly surveys of Nigerian and International media.

Read More>>> https://www.cfr.org/nigeria/nigeria-security-tracker/p29483?fbclid=IwAR2Z7X41a6vqXDhei_hnW9sxEDj8WoEoJHnXx4TGSvCBvZ_RjwFCuN9pTJM Read More

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Trillions of Dollars Paid In Bribes, Stolen Through Corruption Every Year.

According to the United Nations Secretary-General, Antonio Guterres, trillions of US dollars are paid in bribes and 2.6 trillion are stolen through corruption every year. According to him these corrupt practices, robs societies of schools, hospitals and other vital services and also drives away foreign investment and strips nations of their natural resources. Read More

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Nigeria Ranked 3rd Most Terrorists Nation In The World Again.

Nigeria for the fourth consecutive year, occupies the third position among countries worst hit by terrorism according to the 2018 ranking on terrorism. This has been blamed on the activities of Boko Haram and Herdsmen.

Read More>>>> http://community.vanguardngr.com/forum/topics/nigeria-now-ranked-3rd-most-terrorised-global-nation#disqus_thread Read More

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How Officers of the Nigeria Customs Service Rejected a Bribe of NGN 150 Million Naira From Smugglers.

Officers of the Nigeria Customs Service rejected a bribe of NGN 150 million offered to them by importers of 40 containers of Tramadol from India.

Read More>>> https://www.vanguardngr.com/2018/11/customs-officers-reject-n150m-bribe-on-tramadol-imports/?fbclid=IwAR1Jqk2KH1eQEyAEFnRycY1nVWJDvZ_5DO3F-WNjTha8MCw4F7wpJSNcfsw Read More

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How Misinvoicing Leads to Massive Revenue Losses.

WASHINGTON, DC – Analysis of trade misinvoicing in South Africa from 2010 – 2014 shows that the potential average loss of revenue to the government was approximately $7.4 billion per year or $37 billion during the period studied, according to a new study by Global Financial Integrity. The report, titled South Africa: Potential Revenue Losses Associated with Trade Misinvoicing, analyzes South Africa’s bilateral trade statistics for five year period 2010 – 2014 using information from United Nations Comtrade and data made available from the South African Revenue Authority.
The detailed breakdown of bilateral South African trade flows allowed for the computation of trade value gaps that are the basis for trade misinvoicing estimates. Import gaps represent the difference between the value of goods South Africa reports having imported from its partner countries and the corresponding export reports by South Africa’s trade partners. Export gaps represent the difference in value between what South Africa reports as having exported and what its partners report as imported.
The average annual revenue lost due to the misinvoicing of imports was $4.8 billion. This amount can be further divided into its component parts: uncollected VAT tax ($2.1 billion), customs duties ($596 million), and corporate income tax ($2.1 billion). Lost revenue due to misinvoiced exports was $2.6 billion on average each year which is related to lower than expected corporate income taxes.
#GlobalFinancialIntegrity
#CCFA
#RevenueLost Read More

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Impact of Child Trafficking on a Child’s Mental and Physical Health.

Do you know that child trafficking can have a serious impact on a child’s mental and physical health? Being captive or living or working in poor conditions can have long lasting and devastating effects on a child. STOP CHILD TRAFFICKING!!!
#EndChildTrafficking
#StopChildTrafficking
#NoExcuse
#NaptipNigeria
#NigeriaPoliceForce
#WorldMentalHealthDay Read More

Why People Are Trafficked. 0

Why People Are Trafficked.

Very often, people are trafficked for many purposes such as forced labour, removal of organs, forced begging, sexual exploitation amongst other purposes. You can report any case of Human Trafficking to Naptip Nigeria.

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The Reality of Human Trafficking vs The Myth.

HUMAN TRAFFICKING MYTH vs REALITY
Myth:
Victims of human trafficking will immediately ask for help or assistance and will self-identify as a victim of a crime.
Reality:
Victims of human trafficking often do not immediately seek help or self-identify as victims of a crime due to a variety of factors, including lack of trust, self-blame, or specific instructions by the traffickers regarding how to behave when talking to law enforcement or social services.
It is important to avoid making a snap judgment about who is or who is not a trafficking victim based on first encounters. Trust often takes time to develop. Continued trust-building and patient interviewing is often required to get to the whole story and uncover the full experience of what a victim has gone through. Read More

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The Effect of Smuggling.

Smuggling is trafficking in prohibited or restricted goods by using unapproved routes and ports.
Smuggling can destroy your health through importation of expired and unhealthy goods such as rice. It is a destroyer of the economy. It is also an act of criminality that can lead to armed robbery and other crimes.
Avoid smuggling, expose smugglers. Together, we can build a strong and stable economy.
#NigeriaCustomService
#Immigration
#NigerianPoliceForce
#EndSmuggling Read More

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The 32 Most Corrupt Countries In The World

The Corruption Perspective Index which ranks 180 countries and territories by their perceived levels of public sector corruption according to experts uses a scale of 0 to 100, where 0 is highly corrupt and 100 is very clean scored Nigeria 27 percent.
The Corruption Perspective Index which ranks 180 countries and territories by their perceived levels of public sector corruption according to experts uses a scale of 0 to 100, where 0 is highly corrupt and 100 is very clean scored Nigeria 27 percent.
#BUSINESSINSIDER
#TRANSPARENCYINTERNATIONAL
#CORRUPTIONPERSPECTIVEINDEX
#CCFA
#CPI2018
#ICPC
#EFCC.
Using a methodology linked to Transparency International’s annual Corruption Perception Index, the World Economic Forum has released its annual corruption index. Check it out! Read More

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Attack On Journalist

On average, a journalist is killed every week in a highly corrupt country. The more corrupt a country the worse its protections for journalists and activists. Committee to Protect Journalists has found that impunity for killing journalists is entrenched in 14 countries. All have corrupt public sectors. Read More

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How South African Trade Misinvoicing Leads to Massive Revenue Losses.

New Study Shows South Africa

Trade Misinvoicing Leads to

Massive Revenue Losses

WASHINGTON, DC – Analysis of trade misinvoicing in South Africa from 2010 – 2014 shows that the potential average loss of revenue to the government was approximately $7.4 billion per year or $37 billion during the period studied, according to a new study by Global Financial Integrity. The report, titled South Africa: Potential Revenue Losses Associated with Trade Misinvoicing, analyzes South Africa’s bilateral trade statistics for five year period 2010 – 2014 using information from United Nations Comtrade and data made available from the South African Revenue Authority. Read More

CCFA Nigeria