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Full Text of President Buhari’s Speech at Paris Peace Forum

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STATEMENT BY HIS EXCELLENCY, PRESIDENT MUHAMMADU BUHARI, PRESIDENT OF THE FEDERAL REPUBLIC OF NIGERIA, ON ILLICIT FINANCIAL FLOWS (IFFs) AND CORRUPTION: THE CHALLENGE OF GLOBAL GOVERNANCE; AT THE FIRST EDITION OF THE PARIS PEACE FORUM 11TH NOVEMBER 2018

PROTOCOLS:

I am delighted to be part of the inaugural edition of the Paris Peace Forum and would like to commend the Government of France for this laudable initiative.

2. We also thank France for inviting Nigeria to participate in the forum on the sidelines of the Centenary Celebration of the Armistice. It is important to recall that although Nigeria was not independent at the time, the fact remains that it had participated in the war efforts.

3. Nigeria contributed a company of riflemen and support services to the war under the Royal West African Frontier Forces.

4. I should like on this Remembrance Day, to pay tribute to the sacrifice and bravery of all those who had fallen in battle and the pain and suffering of those they left behind.

5. More than half a million Africans fought in the trenches of the First World War for France alone. There was bitter fighting also in east and southern Africa and around Cameroon and Nigeria. We shall not forget.

6. I believe this Forum would provide the needed opportunity for knowledgeable exchange and sharing of best practices on the challenges militating against the much needed good governance in many countries of the world. It is on this premise that my presentation will dwell on “Illicit Financial Flows And Corruption: The Challenge of Global Governance”.

Distinguished Participants,

7. The cancerous effects of Illicit Financial Flows and corruption on the socio-economic development of countries are glaringly evident. The negative impact and ramifications of Illicit Financial Flows are many-sided.

The list which is long and ever-growing, includes:

a. Draining of foreign exchange reserves;

b. Reduction of tax/revenue collection;

c. Poor investment inflows due to near absence of credibility, transparency and policy stability.

8. Illicit financial flows escalate poverty by denying the citizens the benefit of the resources meant for development.

9. This is a crime of opportunity which thrives most in permissive environments. Such outflows further undermine the rule of law, stifle trade and worsen macro-economic conditions.

10. These reprehensible acts are being perpetrated by several international tax havens and secret jurisdictions, which facilitate the operation of:

a. Disguised corporations;

b. Anonymous trust accounts;

c. Fake charitable foundations;

d. Money laundering and transfer pricing mechanisms.

11. Indeed, Illicit Financial Flows have exacerbated poverty and inequality in many societies of the world. Thus, concerted and multi-jurisdictional efforts must be deployed to frontally tackle the menace.

12. Combating corruption has been a defining feature of our Government. Upon assuming office on 29th May, 2015, we made fighting corruption one of the three pillars of our Administration’s priority programmes, given the fact that corruption was threatening the very foundation of our national life, socio-economic development, security and even the consolidation of our democracy.

13. We continue to demonstrate zero tolerance for corrupt practices and non-conformity conduct in public life, by confronting corruption head-on. This is predicated on the fact that we remain steadfast in our commitment of ensuring integrity and ethical conduct in the task of governance. We are mindful of the primacy of leadership by example in this regard.

14. Our efforts at fighting corruption are firmly within the limits of the rule of law, in spite of the interest-forcing strategies of those who chose to discountenance the fundamental value of compliance with the laws of the land.

15. With the progress we have made, we feel the need to ensure that we put enduring institutional frameworks in place for action and measures that will consolidate our achievements in the fight against Illicit Financial Flows and corruption.

16. In the circumstances, strengthening the institutional capacity of anti-corruption bodies has been accorded due attention. For us, therefore, effective institutions and political will are strong counter-measures against corruption and Illicit Financial Flows.

17. In addition, we introduced the Whistle-Blowing policy, whereby information on the violation of financial regulations, mismanagement of public funds and assets, financial malpractices or fraud as well as theft can be reported to authorities.

18. This policy is geared towards ensuring public accountability and transparency, and it has yielded dividends, as we have recovered billions of Naira from corrupt persons and companies.

19. We have also redirected recovered funds to the development of critical infrastructure and programmes that will benefit our people. Funds and assets recovered through our actions, will be deployed in delivering the Sustainable Development Goals (SDGs).

20. At the continental level, the African Union also launched the war against corruption and bestowed on me the honour to champion the cause. In this connection, our priorities for international cooperation as a continent will focus on the following:

a. Strengthening international cooperation on asset tracing, recovery and repatriation;

b. Enhancing cooperation between the African Union and the United Nations’ anti-corruption monitoring mechanisms through stronger engagement; and

c. Widening the understanding and relevance of anti-corruption efforts towards the realization of Agenda 2063 and the Sustainable Development Goals.

21. Appropriate legislation and policies which promote transparent financial transactions should be encouraged.

22. In addition, regulatory institutions and agencies should be strengthened to fight corruption. Nigeria has a good example in this regard with the Tax Appeal Tribunal inaugurated recently. The Tribunal arbitrates between tax payers and government in order to ensure equity and fairness in tax administration.

23. In accordance with relevant international statutes, asset return is unconditional. It is a commitment which members of the international community must abide by.

24. Nigeria, therefore, reiterates its commitment to all existing international legal frameworks to enforce anti-corruption measures, including the recovery and return of stolen assets.

Distinguished Participants,

25. While acknowledging the tremendous progress that has been achieved through the enactment of global instruments, some fundamental technical issues remain unresolved.

26. These revolve around the formulation of policy and regulatory frameworks that cut across different jurisdictions. We must not lose sight of the role played by secret companies, banks and law firms, all too often based in developed economies and their related offshore centres.

27. Recent studies reveal that flaws in the global financial system enable corrupt individuals to hide details of their financial dealings under the noses of governments and law enforcement agencies. This underscores the need to urgently address the issue of Mutual Legal Assistance, as well as continental legal frameworks, in the context of safe havens for illicit transfers.

Distinguished Participants,

28. Our experience in Nigeria is that financial crimes, such as corruption and fraudulent activities, generate enormous unlawful profits which often prove so lucrative that the threat of a jail term is not sufficient to deter perpetrators.

29. A more powerful deterrent is to ensure that profits and assets generated from illicit financial flows and corruption are recovered and returned to countries of origin.

30. This is not to under-estimate the value of strong institutions. It only indicates that asset recovery represents significant deterrence compared to the traditional focus on obtaining conviction by the law enforcement agencies of the countries of origin.

Distinguished Participants,

31. As we take stock of the strengths and weaknesses of domestic, regional and international mechanisms against Illicit Financial Flows, I seize this opportunity to recall the Global Declaration Against Corruption made in London in 2016 and our commitment thereto.

32. Among other things, the Declaration encapsulates our collective commitment to the principles of Open Government Partnership, especially the National Action Plans to actualize beneficial ownership transparency, enhance the capacity of Financial Intelligence Units (FIUs), reinforce Independent Reporting Mechanisms and support the activities of the Global Forum on Transparency and Exchange of Information for Tax Purposes. We should remain resolute in our commitment to the aforementioned goals.

33. Similarly, we must crack down on safe havens for corrupt assets. I also advocate sanctions by professional bodies against transactional middlemen (lawyers, bankers, brokers, public officials, etc.) who facilitate Illicit Financial Flows.

34. I would like to reiterate that the Government of Nigeria remains open and is ever willing to continue to identify and share experiences and strategies to give life to the ideas that will lead to winning the fight against corruption.

Esteemed Ladies and Gentlemen,

35. Finally, let me reiterate the importance of unity and collective action. It is only together that we stand a better chance to win the fight against the menace of Illicit Financial Flows and corruption.

I thank you for your patience and attention.

(NAN)

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Atiku Abubakar Remains Only Person Tinubu Govt is Afraid Of – Dele Momodu (Full Interview)

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By Eric Elezuo

If there is one Nigerian, who can tell accurately the heartbeat of the nation, its direction and what the future portends for it, based on the dynamics already at play, that person is Chief Dele Momodu; a seasoned journalist, former presidential candidate, holder of high profile chieftancy titles across the country, and Chief Executive Officer, Ovation Media Group.

As a vocal politician and public speaker, whose voice echoes across the length and breadth of the nation for all the good reasons, Momodu has continued to speak against the cluelessness of the present government and the need for the government to redress its steps in terms of unpopular policies emanating from the cradle, which have rather impoverished the populace rather than do the opposite. He is credited with being the first to notice the government’s unpopular drift towards one-party system, and warned on the dangers. Today, almost all the state governors, national and state assembly members have all decamped to the ruling All Progressives Congress (APC).

Sustaining his credence as a value-adding speaker, Momodu was a guest of the fabulous, experience and adequately exposed Charles Aniagolu of Arise News(Night),  where he further highlighted the challenges and remedies of the Nigerian situation.

He also spoke on the appointment of the former Chief of Defence Staff, General Chris Musa (retd) as the Minister of Defence, the withdrawal of Police eacort from very important personalities (VIPs) including the former Vice President Atiku Abubakar and many other issues of national concern.

The text of the interview is presented in details even to the tiniest details below:

Momodu with former Vice President, Atiku Abubakar

Well, for more on this, I’m joined now from our studios in Lagos by the former presidential candidate and publisher of Ovation magazine, Basharu Dele Momodu. Mr. Momodu, thank you very much indeed for coming in. You look like you’re about to cry there. I mean, I know you had a bit of a tough time getting in, and I do apologize to our viewers because we’re quite a few minutes late. But you had a bit of a mishap coming in, and that delayed us a bit.

Dele Momodu: Yes. Well, we thank God that it was something minor. We had an accident on top of the bridge coming into the Arise studios, but we’re okay. Now, you asked if I am off the mark this…

Well, I’m going to get to that in a minute. Sorry to interrupt you – I want to be a bit systematic because we’ve got to gallop ahead, given that we’re, I mean, almost 12 minutes late in starting the program. Let me start by first of all getting your reaction to the confirmation of General Christopher Musa as the new Minister of Defence in the current climate of insecurity that’s gripping this country.

Dele Momodu: Well, I mean, I didn’t expect anything else. I expected that he would be screened — whether bow-and-go or not — he would be screened, and he would be ratified. And he’s been ratified, and I want to congratulate him. That’s all. I pray that we won’t hear sermons this time and that he will just go straight into action.

Yes, we all hope for that, don’t we? And we also got the news this evening that the National Economic Council has approved 100 billion naira for the renovation of training centres for the police and other security agencies across Nigeria. So that suggests that they’re serious about retraining serving police officers and training new ones. Is that the message that you’re getting from it?

Dele Momodu: Well, I would say that 100 billion is too small for the police and the security agencies. The government should do something better if it is serious about the insecurity that is terrorizing everybody in Nigeria. They would need to get serious, invest more in training, involve- I mean, invest in new personnel. The reasons they are saying they are withdrawing police from the streets are just because we don’t have enough of them. But we have enough jobless people in Nigeria, including graduates and non-graduates, who are willing to join the police force and other security agencies. So my advice is that President Tinubu should invest heavily in security. 100 billion to me, especially when you translate it into other currencies, it’s chicken feed.

Well, to be entirely fair, Bashorun, that 100 billion is for the renovation of training centers for the police. It’s not for the whole security recruitment thing. It’s purely to renovate the centres that have been left to kind of, you know, rot across the country, and he’s trying to bring them up to speed and at the same time get on with the recruitment of new police officers and move on with the training of existing ones.

Now, you spoke recently about the ban on police escorts for VIPs. You called it a targeted move against opposition figures like Alhaji Atiku Abubakar, who you support, and who is constitutionally entitled to security protection. You argued that the ban is a calculated move to weaken opposition voices and fuel resentment against successful Nigerians, and that it’ll expose prominent Nigerians to danger. I wonder why you think all that, because public sentiment in Nigeria seems to be in support of President Tinubu’s decision to ban the use of police escorts by VIPs. And it looks like you are the one who is off the mark this time.

Dele Momodu: No, I’m not off the mark. I remember in October 2022, when I foretold the dictatorship that would soon visit Nigeria. I was abused that night — that I’m talking rubbish. You see, I am trained to go behind the scene to find the real stories. A lot of Nigerians get easily, easily fooled. And if you read my press release yesterday, I said it there that we have been fooled again. What they are doing is to set the poor against the rich. And whenever you do that, you will get an applause, you will get an ovation. But the truth is that most people are not thinking about the real motive behind this decision.

If you look at Lagos State, for example, when they had the problem in the House of Assembly, you will see that one of the things they used to intimidate the people was, one, they sent some forces in to disrupt the house. Then they withdrew the police security that was guarding the brother of the new speaker. They withdrew the police from Oba Elegushi. It’s nothing new. So if we start the campaign, let’s say in January — I don’t know when we are starting — tell me, who will risk his life criss-crossing Nigeria without police escort?

We should stop being fooled. You see, the sentiment is that, oh yes, all of us should suffer. There is no country in the world where you don’t have VIPs. And it’s never a crime to be successful. As a matter of fact, those who should lose their security are those politicians in Abuja and not the ordinary man, not a Dangote, not an Abdulsamad. Imagine a time when a kidnapper said he almost got Aliko, if not for his heavy security.

So you will see – I’ve said it again today – when tomorrow comes, and events begin to unfold, you will remember that only one man warned you that this is part of the plot to suffocate the opposition.

Well, I mean, I think that obviously you’re entitled to your opinion, but a lot of people will probably disagree with that because the government didn’t say that they were going to completely leave VIPs naked without protection. They talked about redrafting civil defense people to become protectors. And members of civil defense — they carry guns and very sophisticated weapons at that. And of course, it’s not just directed at the opposition; members of the government and the VIPs are also subject to the same restrictions.

But let’s move on from there because I’m concerned that we lost a lot of time at the beginning. I want to get your response to a lot of things because it’s not every day that we have you sitting there. I don’t know whether you’ve heard this, but it’s being reported tonight that the US government has introduced a new policy which allows it to impose a visa ban on people considered responsible for the attack on Nigerian Christians.

The State Department issued a statement saying the policy allows it to deny visas to those who have directed, authorized, supported, participated in, or carried out abuses targeting people based on faith. And it said that family members of affected people are also subject to the restrictions, and that the US cannot stand by while such atrocities are happening in Nigeria. What’s your reaction to that? Does it sound like all the attempts by the Nigerian government to convince the Americans that there isn’t genocide targeted specifically at Christians have failed?

Dele Momodu: You see, when you have bullies in power, people will also jubilate when a bigger bully comes to bully them. So what’s happening in Nigeria right now is that a lot of people feel hopeless. They feel helpless, and they are excited that there is a bigger bully. The same way you said, “Oh, people are happy that they are withdrawing security from…” is the same way America is bullying us now, and you can see us reacting.

It took us over two years to react, to what? To appoint ambassadors who will represent our country. So I think the game continues, and I can tell you that a lot of Nigerians, especially on social media, are very excited that for once, at least, our leadership is listening to someone, and that’s President Donald Trump. So if that’s what it takes for our country to get serious, maybe that’s what we needed, and that’s what we are getting.

And Mr. Momodu, as you assess the political landscape inside Nigeria using your very blunt and unapologetic assessment indicators, what do you see as we approach 2027? Is it, as some have suggested, a done deal for President Tinubu and the APC, given the many failures of the opposition? Because I see you being quoted as saying that no southern candidate — not even Goodluck Jonathan or Peter Obi — can defeat President Tinubu in 2027.

Dele Momodu: Oh, I’ve been saying that for long. It’s nothing new. nothing is a done deal for President Tinubu. About two months ago, no one expected him to suddenly sit up and respond to America. But now we are responding. So we don’t know what’s going to happen in the coming weeks that may further get them sober.

What we witnessed in the past was the giddiness — “Oh, we are the ones in charge, nothing can happen.” But suddenly we see them reacting to forces from America, which is unfortunate because to govern Nigeria is not too difficult. Nigerians — we’re the most tolerant human beings; otherwise, we wouldn’t be where we are now. We tolerate everything.

And I know that 2027 is not yet a done deal. But the opposition must get its act together. I’ve said it before on this programme that actions and reactions are always equal and opposite, according to Isaac Newton. So that’s my scientific analysis of what is going to happen.

Any southerner who goes into the race now – an average southerner will say, “After all, we already have Tinubu there, so why are we worrying ourselves?” So, the force that we need to energize the opposition, I believe it will not be there. There are three key things when it comes to presidential elections. Number one is ethnicity — where the candidate comes from. No northerner is going to come and die to come and defend a southern candidate if, let’s say, for example, he’s rigged out of the election. But when you have your own candidate, it’s more than likely that you will be more enthused to vote for that candidate.

And that is why I said, look, don’t let us waste our time. And I’ve said it — you know me, I’ve said it — I said the only person this government is afraid of is Atiku Abubakar. I will continue to say it. And since Atiku and Peter Obi ran together in 2019, I supported them then, and I was not a member of PDP. So it should be easier for them to come back together.

We have less than one year to prepare for that election. While Tinubu is already campaigning, cajoling, and, you know, coercing whoever he can, we are still busy thinking who is going to be our candidate. I think we are wasting too much time. Now is the time to do what is necessary.

And just following up on that, you recently described Peter Obi’s candidacy as independent because, according to you, he doesn’t have a party and has shown unwillingness to build and work with the ADC. But I mean, many of his supporters disagree with you and say that he is still a member of the Labour Party for now, and that the party has been making behind-the-scenes moves towards reconciliation and could well pull a rabbit out of a hat in 2027. What’s your assessment of that?

Dele Momodu: Now you have gone in the realm of magic. I am not a magician and I don’t see any magic that would awaken Labour Party or PDP and that APC will fold its arms and allow such a platform for Obi. I mean, the truth of the matter is that, you know, he’s a man I respect so much. If you look at it right now, I believe he’s party-less, like most of our opposition leaders.

He has not yet made up his mind, and he joined the ADC last week. So anybody who wants to run a year to election and you have not yet made up your mind, I think it’s proving more difficult. that’s why I said an independent candidate. But he has not said that he’s opposed to ADC, so we need to correct that. He has not said that he’s opposed. What I think he’s opposed to is maybe having to go through a convention — a primary — and ADC said everybody should come to the primary: if you win, you win, then others will support.

But I think it’s going to be difficult for any party to donate a ticket — especially any formidable party — at this stage, to donate a ticket to any candidate. I don’t even think Atiku can get an automatic ticket in ADC; he will have to fight for it. So let them — I mean, you have Roti… one of the most experienced politicians in the history of Nigeria. So they are all there; let them go and fight for it. And that is what a true democrat should do.

The only person who will get an automatic ticket, and already has, is President Tinubu. So for anybody to be shopping for a ticket at this stage, I think we need to get very serious. I’m being brutally frank.

Indeed, and that’s what we like about you – your brutal frankness. And in that regard, let’s talk a little bit about you as a prominent media personality. I mean, do you see your role as a commentator as influencing government policy or shaping public opinion?

Dele Momodu: Well, for me, I am like a prophet. I was born in an Aladura church, and I was named Joseph. I dream a lot. I see visions. And most of my predictions about Nigeria have come to pass, even after people have abused me.

They used to tell me, “Oh, you like supporting losers.” But now they can see that I support common sense. It does not matter whether you are going to win or you are not going to win. That’s the role God has chosen for me, and I have gladly accepted it.
So those who want quick fixes or quick, you know, appointments, of course, would always join the ruling party. When I supported Buhari the other time, I never went there to do anything. They invited me; I told them my piece of mind. So it tells you that I’m not desperate for anything.
For me as a person, I will continue to influence the younger ones. Everywhere I go – and I travel virtually every week – the young people come to me, even on flights, and say, “Thank you for speaking up.” A lot of people don’t speak up. That is why we believe Nigeria is populated by bad people. There are a lot of good people who are voiceless. And so they are looking for someone to just tell them where to go.
And I am happy that most things that I have said have come. I predicted that there would be a dictatorship, and that one didn’t take much. So as a prophet, I’m enjoying it.

Well, we like having you, and thank you very much indeed for taking the time to talk to us. And thank you for being there tonight. And also, I hope everything goes well because I know you had a bit of a mishap getting into the studio.
Dele Momodu — Basharun Dele Momodu — is a former presidential candidate and publisher of Ovation magazine. He was talking to me from our studios in Lagos.

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Davido Hails Uncle, Gov Adeleke on Resignation from PDP

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Nigerian Afrobeat music singer, David Adeleke aka Davido, has commented on his uncle, Governor Ademola Adeleke, after he resigned from the Peoples’ Democratic Party (PDP), posting “Jeje…” on his X page.

Adeleke, who represented Osun West as Senator and currently serves as the governor of the State, announced his resignation in a letter dated November 4, 2025, citing the party’s national leadership crisis.

The letter titled ‘Resignation of my membership of the Peoples’ Democratic Party (PDP)’ read: “Due to the current crisis of the national leadership of the Peoples’ Democratic Party (PDP), I hereby resign my Membership of the Peoples’ Democratic Party with immediate effect.”

He expressed gratitude for the opportunities afforded to him by the PDP.

“I thank the Peoples’ Democratic Party for the opportunities given to me for my elections as a Senator (Represented Osun West) and as Governor of Osun State under the Peoples’ Democratic Party,” he added.

The resignation has sparked reactions, with Davido’s post sparking speculation about the implications for the party.

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Book of Infamy: Umo Eno, Umar Bago, Egbetokun Listed Among Media Unfriendly Public Officers

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Niger and Akwa Ibom state governors, Umar Bago and Umo Eno respectively, have been listed in the “Book of Infamy” by the International Press Institute (IPI) Nigeria as the worst offenders of media repression in the country.

The IPI also included the Inspector General of Police, Kayode Egbetokun, in the blacklist for continued police harassment and attacks on journalists.

This was made known on Tuesday during the IPI Annual Conference in Abuja, with Vice President Kashim Shettima and Minister of Information and National Orientation, in attendance.

At the conference, IPI President Musikilu Mojeed said the governors and the police chief have consistently prevented journalists from performing their legitimate responsibilities.

He said, “Mohammed Umar Bago, Niger Governor, Umo Eno, Governor of Akwa Ibom and the IG of Police, Kayode Egbetokun, are hereby written in the book of infamy.”

Mojeed added that Egbetokun was added for “failing to uphold his constitutional duties and allowing systematic media oppression”.

In recent years, media reports have highlighted multiple instances of repression under the two governors.

In August 2025, Governor Umar Bago was reported to have ordered the closure of Badeggi FM, a privately owned radio station in Minna, Niger State, accusing it of inciting violence.

The station was sealed by security agents, prompting condemnation from rights organisations such as Amnesty International and the Nigerian Bar Association, which described the move as unlawful and an attack on independent journalism.

Earlier in 2025, a postgraduate student at Ibrahim Badamasi Babangida University, Lapai, Isah Mokwa was reportedly arrested and detained after criticising Governor Bago on social media.

In Akwa Ibom State, under Governor Umo Eno, a Channels Television reporter and cameraman were expelled from the Government House Press Centre in May 2025 after airing a video in which the governor allegedly announced plans to defect from his political party.

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