African nations have vowed to recover billions of dollars held in off-shore accountsBut meanwhile his country ranks among the top destinations for stolen assets from African countries. They further pledged in a joint statement to encourage African countries to commit to greater corporate transparency and called for investment in anti-corruption agencies to "trace, recover and return assets." - 'Mafia of leaders' -Commonwealth adviser Roger Koranteng told AFP that leaders at the summit want a regional approach to recovery of stolen assets. If you go as a single country, you will have a problem because the countries outside the African countries are together," he said. Yet it is difficult to trace how the repatriated money is being spent, with some critics voicing concerns that stolen money gets repatriated to Nigeria only to be looted again.

Source: Bangkok Post May 20, 2018 03:00 UTC