AVZ Discussion 2022
- Thread starter GazDix
- Start date
If everyone took your attitude ( which i applaud ) then CCP China and its core ambitions is fucked, which i also would applaud...
Article in Global Arbitration Review
Chinese investor seizes Nigerian state properties in UK
A Chinese investor seeking to enforce a US$70 million investment treaty award against Nigeria has been granted final charging orders over two UK residential properties owned by the state – having also attached a £20 million debt relating to the high-profile P&ID case.globalarbitrationreview.com
Take note Felix, this is a taste of what's coming for the DRC, but on a much grander scale.
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Samus
Top 20
They likely have cominieres bribe money sitting in their account, safely funnelled away from the DRC.
Mr_Tones83
Regular
Shows the level of 'research' that some market commentators do. That's Tommy level BS right there.
Jacob Kiraz
Regular
Can someone give me a quick insight, will we ever get a licence or a takeover or just plain lose our money
marksmann007
Regular
And we all know what UBS stands for ( Ultimate Bull Shit )
Frank
Top 20
* To add to my friends post above,
The Government plans to create a financial prosecutor's office to prosecute perpetrators of embezzlement of public funds
President Félix-Antoine Tshisekedi recommended to Prime Minister Judith Suminwa to instruct the Minister of Justice to initiate reflection on the establishment of a financial prosecutor's office with the mission of specifically prosecuting offenses of misappropriation of funds.
This is indicated in the report of the Council of Ministers of Friday June 21.
Having received the report of the supervisory missions carried out by the General Inspectorate of Finance (IGF) both for public expenditure in general and for that of public companies and establishments in particular, the President of the Republic noted several distortions.
These are distortions linked to non-observance of legal and regulatory texts governing public finances, violation of regulatory provisions on the execution of expenditure, non-compliance with the concept of expenditure procedure, non-compliance with the rules public procurement.
To this end, the General Inspectorate of Finance was instructed by the President of the Republic to make this report available to the Prime Minister.
For her part, the Prime Minister was encouraged to make available to members of the government, the Central Bank and public officials, including those of financial authorities, the recommendations made by the General Inspectorate of Finance regarding the supervision of revenue and public expenditure.
The Head of Government was also instructed to ensure monitoring of the implementation of all recommendations, to instruct the Minister of Portfolio to establish the public agent contract for companies to allow their evaluation.
mediacongo
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Great, the DRC needs another politicised agency to pretend to fight corruption.
The DRC already has a multitude of agencies in place (see below), but most are ineffectual due to deliberate under-funding, or are highly politicised and ignore graft by politicians and well-connected officials.
The following DRC agencies and bodies are established to fight corruption:
- Agency for the Prevention and Fight against Corruption (APLC): Created in 2020 as a specialized anti-corruption agency. Its mission is to develop and implement anti-corruption strategies at different levels
- General Inspectorate of Finance (IGF): Involved in preventing and fighting corruption since 2019
- Court of Auditors (CC): Also involved in anti-corruption efforts since 2019
- National Financial Intelligence Unit (CENAREF): Active in anti-corruption work since 2019
- Observatory for the Monitoring of Corruption and Professional Ethics (OSCEP): Engaged in anti-corruption activities since 2019
- Cellule Technique de Lutte contre l'Impunite: An agency in charge of fighting corruption
- Special Advisor for Good Governance, and
- Anti-corruption office: Created in 2015 to fight corruption in the management of public affairs
Cheers
F
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Retrobyte
Hates a beer
How many blokes in safari suits like JA does the DRC need to fight corruption. All talk, no action.
But, we can all take solace in Zijin's comprehensive Governance Statement (2023), which states in part: ... Maintain zero tolerance for corruption, conduct all businesses in strict compliance with domestic and international anti-corruption law
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