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.

Read more of this report

Visited 115 times, 1 visit(s) today

Comments are closed.