Daily Archives: October 4, 2017

Radixx International Appoints John Elieson as President and CEO

ORLANDO, Fla., Oct. 04, 2017 (GLOBE NEWSWIRE) — Radixx International, an industry-leading provider of tailored airline reservation, distribution and merchandising systems, today announced that it has appointed John Elieson as President & CEO. Ron Peri, Radixx’s Founder and former CEO, will continue to serve as Chairman of Radixx’s Board of Directors. A photo accompanying this […]

President Jacob Zuma: Groot Marico Heritage Site launch

Address by President Zuma, at the launch of the Groot Marico Heritage Site, North West ProvincePremier of the North West Province, Mr Supra MahumapeloMinister of Arts and Culture, Mr Nathi MthethwaMinisters, Deputy MinistersMEC and Members of the Provi...

Another drug mule arrested at Cape Town International Airport

Our efforts to thwart the lucrative drug trade in our province have led to the arrest of another drug mule on Monday at Cape Town International Airport. The 37 year old suspect was under observation when he entered our borders on a flight from Brazil. ...

MECs Alan Winde and Donald Grant showcase developments in sustainable transport technologies, 5 Oct

Transport Month focus at First ThursdayMaking it easier for residents to travel around the city is the focus of this week's First Thursday.October is Transport Month, and First Thursday at the Ministry of Economic Opportunities will showcase exciting d...

‘Kleptocracy Tour’ Spotlights Nigerian Corrupt Money Funneled Through Britain

LONDON � Anti-corruption activists hoping to shine a light on the hundreds of millions of dollars funneled through London every year are organizing tours of properties allegedly bought with dishonest money.

The "Kleptocracy Tour" is billed as a journey to the dark side of globalization. This is the first such tour which focuses on Nigeria.

"The international community, specifically the United Kingdom, the United States, other financial centers, are playing a huge role in facilitating elite corruption in Nigeria, through offshore corporate tax havens, lax banking and property laws," said tour guide Matthew Page, a former U.S. State Department Nigeria analyst, now with Transparency International.

The tour's first stop is the capital's wealthy Belgravia district. Tax papers leaked from the Panama-based law firm Mossack Fonseca suggest two multi-million dollar properties are linked to Nigerian Senate President Bukola Saraki. He has denied the allegations.

Also among the several tour stops are lavish properties that have been subjected to asset forfeiture proceedings by a court in Houston, Texas. The U.S. Department of Justice is investigating allegations they were received as bribes by Diezani Alison-Madueke, the former Nigerian Oil Minister and OPEC Secretary.

Nigeria analyst Clementine Wallop says Nigeria's president is following through, though slowly, on pledges to crack down on corruption.

"It contributes to poverty. It contributes to poor education. It contributes to terrorism," Wallop said of corruption. "You have communities where the young men are compelled to or driven into the arms of organizations like Boko Haram as a result of the depravation which results from corruption."

Nigeria's Information Minister, Lai Mohammed, told VOA the West must do more to help repatriate corrupt money.

"The government will not relent in pursuing these people," Mohammed said. "But we also need the cooperation of many foreign countries, because sometimes we are hampered by the foreign jurisdictions."

An estimated $100 billion of corrupt money passes through London each year. Activists say fears over the economy in a post-Brexit world are stalling government efforts to clamp down on global corruption, an industry with the British capital at its core.

Source: Voice of America