British Embassy:Nigerian Politicians,Using UK Schools For Money Laundering.
British Embassy:Nigerian Politicians,Using UK Schools For Money Laundering.
By Rowlandgate.
An American foundation, the Carnegie Endowment for International Peace, is poking accusing fingers in the eyes of Nigerian Politicians are using the British educational system as a money-laundering shield in the guise of seeking better schooling opportunities for their wards.
Ms Laing stated that Tackling illicit corruption in Nigeria is critical to the country’s prosperity and security, and to addressing poverty and inequality.
This challenge is a key point in a Thursday report released in Washington DC written by its non-resident scholar on democracy, conflict and governance,
Mr Page, its author, is a famous Nigeria expert, author, and consultant on Nigeria. Previously, he was a top Nigeria expert with the U.S. Department of State’s Bureau of Intelligence and Research, where he also served the Defense Intelligence Agency, Marine Corps Intelligence and the National Intelligence Council. He is also a nonresident fellow with the Centre for Democracy and Development in Abuja.
The report was commissioned by the UK government, British High Commissioner to Nigeria, Catriona Laing said in Abuja Friday, saying it was motivated by her government’s desire “to better understand the risk to the UK from illicit finance in West Africa. We will now consider the reports finding and take a view on what if any further action is required. Odogwublog.com
Ms Laing stated that Tackling illicit corruption in Nigeria is critical to the country’s prosperity and security, and to addressing poverty and inequality, adding that “the UK is working in partnership with Nigeria to tackle corruption and illicit finance and has excellent relationships with Nigerian agencies and civil society who are fighting corruption.”
The Carnegie report also suggested colleges and universities in the United Kingdom are complicit in the process, saying the UK is still “reluctant to acknowledge outside criticism of the sector’s AML [anti-money laundering shortcomings or to derive lessons learned from recent anti-/corruption failures” adding that some have even shown willingness “to matriculate students linked to known and even convicted kleptocrats.”
The UK government also got knocks from the report for its “policies and programmes seeking to boost the country’s international education sector” which the report said, “lack a much-needed anti-corruption component.”
The capital flightless and greater foreign exchange and currency pressures associated with paying costly school and university fees have harmed these countries’ future development and prevented them from correcting deeper socioeconomic inequalities that compound underdevelopment and can even spark violent conflict.
It argued the case that the increasing reliance on schools in advance countries of the west for the education of their wards expands the disincentives to strengthen their own home educational institutions.
