The U.S. Dept. of Justice and Other U.S. Agencies Are Poised to Assist Liberia’s Solicitor General Asset Recovery Efforts

Paul Goldstein | Globe Afrique |

Cllr. Sayma Syrenius Cephus, Solicitor General of the Republic of Liberia.

The World Bank estimates African countries are losing between US$20 to US$40 billion every year through the exploitation of resources by multinational corporations, mismanagement of development aid, double-dealing, fraud, and embezzlement.

Over the years, developed nations have been condemned for doing very little to repatriate assets stolen from developing countries. Today, the recovery and return of misappropriated assets have been recognized as a priority in the Addis Agenda and an indispensable element towards the financing of the 2030 Agenda for Sustainable Development. Under Chapter V of the Accord, the return of assets is acknowledged as a fundamental principle making it the framework for global asset recovery efforts.

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About Cholo Brooks 12575 Articles
Joel Cholo Brooks is a Liberian journalist who previously worked for several international news outlets including the BBC African Service. He is the CEO of the Global News Network which publishes two local weeklies, The Star and The GNN-Liberia Newspapers. He is a member of the Press Union Of Liberia (PUL) since 1986, and several other international organizations of journalists, and is currently contributing to the South Africa Broadcasting Corporation as Liberia Correspondent.