SV: {UAH} Kenya takes giant step to get back stolen money hidden in Switzerland

Laduma,

I think this is the learning process. I hope it may even come inside the kitchen sooner than later!

Den tisdag, 10 juli 2018 10:16 skrev reggaelucjion soulafunk <reggaelucjion.soulafunk@gmail.com>:

Mzee Ocaya P'Ocure,

But, in my eyes, this is a tricky deal.

Why?

Yes cos, it is restriktivt in its definition as it excludes the Godfather family of Kenyan corruption: THE KENYATTA FAMILY ITSELF!!!!

But, it'll be interesting to stoop to observe the process and format.

Nlgaumoy.

tisdag 10 juli 2018 skrev 'Ocaya Mike pOcure' via Ugandans at Heart (UAH) Community <ugandans-at-heart@googlegroups.com>:

Okeya Petero,

Let us hope Uganda would learn from Kenya to take back the looted tax-payers money from where they have been hidden. Not very long ago Nigeria did the same in getting their looted MONEY back as well. So it seems, the world is becoming a single village as they said long times ago. Now with IT, things are changing rapidly!

Den tisdag, 10 juli 2018 8:58 skrev Gwokto La'Kitgum <kwotkaka@gmail.com>:

Kenya takes giant step to get back stolen money hidden in Switzerland

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President Uhuru Kenyatta and Switzerland's President Alain Berset. Photo: President of Kenya/Twitter

Kenya's President Uhuru Kenyatta today signed an agreement with Switzerland's President Alain Berset that clears the way for the recovery of money and assets stashed in foreign countries.

The agreement, Framework for the Return of Assets from Corruption and Crime in Kenya (FRACCK), is also supported by the United Kingdom and  Jersey Island, where most of the stolen money from Kenya had been hidden.

MORE ABOUT THIS

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• Tanzania, Switzerland Sign MOU To Recover Millions Lost in Offshore Accounts

President Kenyatta said the move was in a bid to eliminate corruption in the country.

"We have seen, in the last few months, a new intensity in the fight against corruption in Kenya. Quite frankly, my administration has shown that corruption cannot, and, will not, be tolerated," he said in a statement.

The two countries have also ae also working on an agreement to tackle double taxation, with Kenya planning to open an embassy in Switzerland.

President Berset is in the country for a two-day official visit.

Nigeria had also gone through the process of receiving funds stashed away by former President Sani Abacha. Tanzania also signed a similar agreement in 2016. The Democratic Republic of Congo lost out on funds stored in Switzerland by President Mobutu Sese Seko after it was released to his family in 2009.

Kenya's quest to recover money stashed in offshore accounts started decades ago, with the recently released Paradise and Panama Papers indicating the Jersey Island and Cayman Island as the top destination for illegally acquired cash.

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Gwokto La'Kitgum

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"Even a small dog can piss on a tall building" Jim Hightower

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Disclaimer:Everyone posting to this Forum bears the sole responsibility for any legal consequences of his or her postings, and hence statements and facts must be presented responsibly. Your continued membership signifies that you agree to this disclaimer and pledge to abide by our Rules and Guidelines.To unsubscribe from this group, send email to: ugandans-at-heart+unsubscribe@googlegroups.com