Category: Reports

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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

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TI urges National Assembly To Pass Anti-Corruption Bills Expeditiously

Transparency International (TI) has urged the National Assembly to expeditiously pass anti-corruption bills to allow for more transparency in governance.

Its chairperson, Delia Ferreira Rubio, made the appeal at the weekend when she visited the Chairman, House Committee on Financial Crimes Honorable Kayode Oladele who is also a Board Member Center for Counter Fraud Awareness (CCFA). The Executive Director of CCFA, Umar Yakubu was present at the session. Read More

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2017 Basel AML Index

International Centre for Asset Recovery
The Basel AML Index is an annual ranking assessing country risk regarding money laundering/terrorism financing. It focuses on anti-money laundering and counter terrorist financing (AML/CTF) frameworks and other related factors such as financial/public transparency and judicial strength. Read More

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Turkey, Pakistan, Lebanon Host the Highest Number of Refugees

Bloomberg
The global refugee population continues to climb. In 2016 there were 17.2 million refugees, an increase of 7 percent over 2015, according to UNHCR, the UN agency for refugees. For the third straight year, Turkey hosted the most refugees, at 2.9 million, followed by Pakistan, with 1.4 million, and Lebanon with 1 million people. Turkey and Germany are the only Group of 20 nations among the top 10 host countries. More than half of the world’s refugees originated from Syria, Afghanistan and South Sudan. In South Sudan, a growing humanitarian crisis led to an increase of 64 percent during the second half of the year to 1.4 million people. Read More

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Money from Nigeria laundered in UK ‘should go to helping starving children’

theguardian
Save the Children say £950m is needed by those affected by Boko Haram, with tens of thousands of children at risk of death in areas held by the group

Money looted from Nigeria in corrupt practices and laundered through the UK should be used to help save the lives of thousands of children at risk of starvation in the conflict-hit north-east of the country, a leading aid organisation says. Read More

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Banking fraud is costing the Nigerian economy dearly

The World Post
Pervasive electronic banking fraud is affecting Nigeria’s banking system and costing the Nigerian economy dearly. It is also holding back the adoption of cashless technologies and has become an obstacle to financial inclusion in Africa’s second largest economy.

Recent data shows that last year electronic fraud in the banking sector accounts for about 16% of total fraud in the industry. Read More

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Stopping Boko Haram by Curtailing Illicit Finance

Global Financial Integrity
Boko Haram developed from social unrest, poverty, and a strong disillusionment with the corruption of the Nigerian government. Today, the same factors make Boko Haram lethal.
Nigeria’s rampant corruption has left the nation unequipped to deal with security concerns, especially along porous borders through which Boko Haram receives immense support. A look at one of their videos reveals an immense amount of weaponry that is not only costly but very difficult to obtain. Read More

CCFA Nigeria