Asset Recovery
World Bank Civil Society Team Approves ANEEJ’s Asset Recovery Session for Annual Meeting October 15-18.

World Bank Civil Society Team Approves ANEEJ’s Asset Recovery Session for Annual Meeting October 15-18.

ABUJA, NIGERIA. August 19, 2019… The Africa Network for Environment and Economic Justice, ANEEJ and the Lead organization implementing the Transparency and Accountability in the recovery and management of recovered assets (MANTRA) project being supported by the British Department for International Development (DFID)  under the Anti-Corruption in Nigeria (ACORN) programme will be organizing a side event at the Civil Society Forum at this year’s  World Bank and International Monetary Fund (IMF) Annual meeting scheduled for October 15-18, 2019 in Washington DC.

A statement issued yesterday in Abuja by the Acting Executive Director of ANEEJ, Mr. Leo Atakpu said this was sequel to the approval of a slot granted ANEEJ by the World Bank Civil Society Team in conveyed in a letter addressed to the Executive Director of the organization.

The letter from the World Bank Civil Society Team made available to newsmen reads in part: “We would like to inform you that the review committee found your proposal “The Role of the World Bank in Facilitating Stolen Asset Return” timely and interesting. Therefore, we are pleased to provide a slot for this session at the CSPF.

“Your session is tentatively scheduled for Thursday, October 17, from 1:30 pm – 3:00 pm. The room number will be assigned in the coming days.”

According to the ANEEJ Acting ED, “this is a cherry news for us implementing the MANTRA project because this approval will afford us the opportunity to continue to tell the good story emanating from Nigeria that  it is important to repatriate looted assets to finance development and that the recovered assets returned to Nigeria, contrary to what use to happen in the past,  is now being positively managed and used for the victims of corruption.

“We are going to Washington DC to tell the MANTRA story of positive use of returned $322.5million Abacha loot returned from Switzerland. We will also use the opportunity to push for the repatriation of Nigeria’s seized Abacha and other Loot currently stashed in the USA and other jurisdictions because Nigeria now has system that can guarantee their utilization for the benefit of the poor without being re-looted.

“The Civil Society Policy Forum (CSPF) which has become an integral part of the World Bank Group (WBG) and International Monetary Fund (IMF) Spring and Annual Meetings, will provide ANEEJ and the MANTRA team an open space for us to dialogue and exchange views with Bank and IMF staff, their peers, government delegations, and other stakeholders on this issue of asset recovery and management.” Mr Leo Atakpu said.

“We are currently putting together a strong team of experienced and highly knowledgeable panelists that will be speaking at the session. We are also drawing a list of participants from around the world to make a very meaningful outing at this year’s Bank and Fund Annual meeting in Washington DC” Atakpu stated.

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