{"id":59348,"date":"2023-12-01T16:02:07","date_gmt":"2023-12-01T16:02:07","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/au-moves-to-recover-africas-stolen-assets"},"modified":"2023-12-01T16:14:15","modified_gmt":"2023-12-01T16:14:15","slug":"au-moves-to-recover-africas-stolen-assets","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/au-moves-to-recover-africas-stolen-assets","title":{"rendered":"AU moves to recover Africa\u2019s \u2018stolen\u2019 assets"},"content":{"rendered":"

Africa-Press – Namibia. <\/strong><\/span>The African Union (AU) on Thursday formally adopted the Common Africa Position on Asset Recovery (Capar) during the 45th AU Advisory Board Against Corruption (AUABC) meeting held in Arusha, Tanzania, The Citizen reports.<\/p>\n

Capar is an instrument for recovery of stolen assets from Africa.<\/p>\n

The AUABC Executive Secretary Charity Nchimunya said Capar is “already fully operational”.<\/p>\n

Nchimunya explained that the creation of Capar is a critical step in stemming or reversing illicit financial flows or carting of other assets out of the continent.<\/p>\n

\u201cIt can contribute positively to the fight against graft in Africa,\u201d she said.<\/p>\n

Capar\u2019s creation was formally endorsed by the AU during a meeting held in Kigali, Rwanda in 2020.<\/p>\n

It\u2019s mandate is to identify assets that have been stolen from Africa and stashed abroad as well as their recovery.<\/p>\n

The instrument will work closely with the anti-graft bodies in the respective countries where grand corruption is rife.<\/p>\n

\u201cAfter struggling for many years, a mechanism that will help in recovery of stolen assets is now in place,\u201d she told The Citizen.<\/p>\n

Capar, she explained, will assist in identifying, repatriating and effectively managing Africa\u2019s assets \u201cfor the common good of citizens\u201d.<\/p>\n

It will operate in accordance with Africa\u2019s development agenda, domestic laws \u201cand in a manner that respects the sovereignty of member states\u201d.<\/p>\n

Also, it will operate on four pillars: asset detection and identification, asset recovery and return, asset management, and cooperation and partnership.<\/p>\n

Illicitly acquired assets originating from Africa, include but are not limited to, natural resources and African artefacts.<\/p>\n

Abusive transfer pricing of resources, trade mis-invoicing, tax evasion, aggressive tax avoidance and double taxation have also been included.<\/p>\n

Also in the list are crimes associated with money laundering, smuggling, trafficking, and abuse of entrusted power.<\/p>\n

\u201cIt is now possible for stolen money from Africa and stashed in the foreign banks to be recovered,\u201d she pointed out.<\/p>\n

With Capar already in place, AUABC has developed guidelines for the recovery of illicitly acquired assets from the continent.<\/p>\n

Money stolen from African countries and stashed in overseas vaults has been a matter of concern among governments in Africa for years.<\/p>\n

Official reports from the Arusha-based anti-graft body reveal that the mostly liquid assets include swindled cash and valuable minerals hidden in numbered Swiss Accounts.<\/p>\n

AUABC Chairperson Seynabou Ndiaye Diakhate said some of the assets were smuggled abroad by leaders, their relatives or accomplices and other influential people in the member countries.<\/p>\n

\u201cIf many countries are cooperative eventually much of the stolen treasures will be recovered and restored back to the states where they were looted,\u201d she said.<\/p>\n

For many years since their respective independences, many African countries have experienced their domestic treasures being siphoned out of borders to overseas destinations.<\/p>\n

For More News And Analysis About Namibia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Namibia. The African Union (AU) on Thursday formally adopted the Common Africa Position on Asset Recovery (Capar) during the 45th AU Advisory Board Against Corruption (AUABC) meeting held in Arusha, Tanzania, The Citizen reports. Capar is an instrument for recovery of stolen assets from Africa. The AUABC Executive Secretary Charity Nchimunya said Capar […]<\/p>\n","protected":false},"author":84,"featured_media":59347,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[234,236,233],"class_list":["post-59348","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"\nAU moves to recover Africa\u2019s \u2018stolen\u2019 assets - Namibia<\/title>\n<meta name=\"description\" content=\"The African Union (AU) on Thursday formally adopted the Common Africa Position on Asset Recovery (Capar) during the 45th ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/namibia\/all-news\/au-moves-to-recover-africas-stolen-assets\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AU moves to recover Africa\u2019s \u2018stolen\u2019 assets\" \/>\n<meta property=\"og:description\" content=\"The African Union (AU) on Thursday formally adopted the Common Africa Position on Asset Recovery (Capar) during the 45th ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/au-moves-to-recover-africas-stolen-assets\" \/>\n<meta property=\"og:site_name\" content=\"Namibia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-01T16:02:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-01T16:14:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2023\/12\/sm_1701434583.657762.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"562\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/au-moves-to-recover-africas-stolen-assets#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/au-moves-to-recover-africas-stolen-assets\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"AU moves to recover Africa\u2019s \u2018stolen\u2019 assets\",\"datePublished\":\"2023-12-01T16:02:07+00:00\",\"dateModified\":\"2023-12-01T16:14:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/au-moves-to-recover-africas-stolen-assets\"},\"wordCount\":474,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/au-moves-to-recover-africas-stolen-assets#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2023\/12\/sm_1701434583.657762.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"namibia\"],\"articleSection\":[\"all news\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/au-moves-to-recover-africas-stolen-assets#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/au-moves-to-recover-africas-stolen-assets\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/au-moves-to-recover-africas-stolen-assets\",\"name\":\"AU moves to recover Africa\u2019s \u2018stolen\u2019 assets - 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