Nigeria has thrown its support on the move to put pressure on the European Union (EU) to stem illicit financial flows amongst member countries, especially within the African, Caribbean Pacific (ACP).Speaking today, December 8, as head of a Nigerian delegation to the 110th season of ACP group of States’ Council of Ministers meeting in Nairobi, Kenya, the minister of State for Budget and National Planning, Prince Clem Ikanade Agba said that illicit financial flows have had damaging effects on the development of the ACP countries.
Clem Agba stressed the need for the Council to put further pressure on EU to move fast to stop the flows.
The Minister underscored the need to pay close attention to member-States’ relative contributions to the group and rallied his counterparts from the West African regional bloc to canvass for an equitable distribution of the ACP Secretariat’s management positions.
A statement issued by Nigeria’s Ministry of Finance, Budget and National Planning in Nairobi said that the Council consequently adopted a declaration for creation of an additional post of Assistant Secretary-General to balance-out the regional slots for equity and fairness.
