By Ogbolu George
Former chairman of the Economic and Financial Crimes Commission (EFCC), Nuhu Ribadu, will on Thursday take part in a panel to discuss the Panama Papers leak as they affect Africa.
The forum is organised by the European Parliament Inquiry Committee, PANA, following revelations published by a group of international media, including PREMIUM TIMES, revealing secretive offshore companies used by powerful individuals and criminals to hide wealth, evade taxes and commit fraud.
The event is scheduled to hold in Strasbourg France on Thursday, April 6.
Members of the Committee have now decided to hold a hearing on ”The impact of the schemes revealed in the Panama Papers on developing countries”.
Members of the PANA Committee, according to information from the European Parliament in Brussels, Belgium, will use the meeting to get a better understanding of the impact of money-laundering and tax evasion on developing countries.
Concise News gathered that the members of the committee will hear about the experience and findings of relevant stakeholders (journalist and experts in taxation and money-laundering) in this area, with a focus on the level of cooperation between EU and African authorities, the difficulties faced by them and the deficiencies observed in the existing legal framework in this field (including, if appropriate evidence of no respect of EU law).
Ribadu will be part of a panel that will discuss Panama Papers and Africa alongside Carlos Lopez, a former UN representative, as well as Alvin Mosloma, the founding executive director of Tax Justice Network Africa, alongside others.