#iacd2020

International Anti Corruption Day - "THE WORST DISEASE IN THE WORLD TODAY IS CORRUPTION, AND THERE IS A CURE: TRANSPARENCY" - PAUL DAVID HEWSON (BONO)

December 9 each year is International Anti-Corruption Day. It is a day for governments, businesses, civil society, and the whole of society to renew our commitment to working together to end the devastating impact of corruption on people’s lives around the world. Corruption is a serious crime that can undermine social and economic development in all societies. No country, region or community is immune. Every year $1 trillion is paid in bribes while an estimated $2.6 trillion are stolen annually through corruption – a sum equivalent to more than 5 per cent of the global GDP. In developing countries, according to the United Nations Development Programme, funds lost to corruption are estimated at 10 times the amount of official development assistance. The theme for the 2020 International Anti-Corruption Day is “ RECOVER with INTEGRITY ”. The day highlights that only by putting effective corruption mitigation measures in place will a better recovery be possible, while it also emphasizes that inclusive COVID-19 recovery can only be achieved with integrity. The COVID-19 pandemic has revealed gaping weaknesses in the ways many countries spend public resources and make decisions during crises. Independent of COVID-19, investigative journalists’ exposés have again this year laid bare the weaknesses in the global financial system that allow public wealth stolen from poor countries to be laundered and spent in rich ones. The crisis has demonstrated that protecting public resources and putting an end to illicit financial flows is a matter of life and death, in the most literal sense. To RECOVER with INTEGRITY, we need to stand #UnitedAgainstCorruption. #IACD2020 #RecoverBetter @officialefcc @icpcnigeria @unodcnigeria @hamzycode https://www.instagram.com/p/CIlTB0zh-2r/?igshid=464tfdbz5uyl