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PRESS STATEMENT TO COMMEMORATE THE AFRICAN UNION ANTI-CORRUPTION DAY

THEME: “STRATEGIES AND MECHANISMS FOR THE TRANSPARENT

MANAGEMENT OF COVID-19 FUNDS”

The Centre for Democracy and development is pleased to join the Africa Union and its
esteemed governments, as well as other stakeholders in commemorating this year’s African
Union Anti-corruption Day, slated for 11th July 2022. The theme “Strategies and Mechanisms
for the Transparent Management of Covid-19 Funds” is not only apt, but very important at
this time as it seeks to draw global and continental attention to the need to address a
disturbing corruption problem associated with Covid-19 pandemic which severely tasked
many economies and brought social and even political dislocations in Africa.
CDD commends all African countries that have signed and ratified the African Union
Convention on Preventing and Combating Corruption (AUCPCC) which was adopted in
Maputo, Mozambique on 11 July 2003 and came into force in 2006. CDD also commends the
countries that have enacted laws and created independent anti-corruption agencies to tackle
corruption.


Corruption is still an unnerving problem in Africa and indeed the major cause of
underdevelopment. CDD urges all states to work towards complying with the provisions of
the African Union Convention on Preventing and Combating Corruption (AUCPCC) and
indeed other similar multilateral instruments such as the UNCAC as well as relevant
international resolutions. There is also an urgent need for member states to collectively take
steps to diligently implement the recommendations of the Mbeki report on Illicit financial
flows which found that the African continent suffers an annual loss of over $50 billion as of
2015 through illicit financial flows (IFFs). That figure has since risen to over $80 billion. It is
pertinent to note that through corruption and mismanagement, some of the Covid-19 funds in
Africa may have become a source of illicit financial flows to countries in the North.


It also remains concerning that national and continental transparency initiative and efforts to
stem the unbridled illicit financial flows from Africa to the Northern hemisphere has been
embroiled in complex international politics. While noting that the problem of illicit financial
flows cannot be solved post-haste, Africa must continue to stand together and push for a
world order that discourages resource and trade price manipulation structured to fritter
resources from Africa and keep the continent perpetually undeveloped. Corruption and illicit
financial flows are twin evils which continue to constrain Africa’s progress and development.
Regrettably, the utilization of Covid-19 funds has also become a major source of Africa’s
corruption conundrum.

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