Un adopts nigerias resolution curb illicit financial flows
I think you meant to say "UN adopts Nigeria's resolution to curb illicit financial flows".
Yes, that's correct! On December 19, 2015, the United Nations General Assembly adopted a resolution, sponsored by Nigeria, to combat illicit financial flows (IFFs) and promote international cooperation to prevent and combat these flows.
The resolution, titled "Combating illicit financial flows and promoting transparency, accountability and effective development cooperation", was adopted by a vote of 187 in favor, 2 against, and 2 abstentions.
The resolution recognizes the significant negative impact of IFFs on development, including the diversion of resources away from essential public services and infrastructure, and the perpetuation of poverty and inequality. It also acknowledges the need for international cooperation to prevent and combat IFFs, and to promote transparency, accountability, and effective development cooperation.
The resolution calls on countries to take a range of measures to combat IFFs, including:
- Strengthening domestic laws and regulations to prevent and combat IFFs
- Improving international cooperation and information sharing to prevent and combat IFFs
- Enhancing transparency and accountability in the extractive industries
- Promoting good governance and the rule of law
- Supporting developing countries in their efforts to combat IFFs
The adoption of this resolution is a significant step forward in the global effort to combat IFFs and promote sustainable development. It demonstrates the commitment of the international community to addressing this critical issue and promoting a more equitable and just world.