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Korea announces $5b financial package for Africa at AfDB meeting

The Government of Korea and the African Development Bank have issued a Joint Declaration following the conclusion of the Ministerial Roundtable of the Korea-Africa Economic Cooperation (KOAFEC) Conference taking place during the African Development Bank’s 53rd Annual Meetings in which Korea announced a $5-billion bilateral financial assistance package for Africa.

POLITICS

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Senate delegation meets President Buhari at Aso Rock over IGP’s clash with Saraki

WorldStage Newsonline—President Muhammadu Buhari is meeting with 10-man senate delegation raised to address the ongoing impasse between the Senate President Bukola Saraki and the Inspector-General of Police over a criminal case involving some suspected cultists.

FOREIGN

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Falana: Banks of western countries receive and keep stolen wealth from Africa, as London is the centre of global corruption

Human rights lawyer Femi Falana SAN has said that “Western countries are more corrupt than African countries”, adding “There has been a massive and accelerated transfer of much of the wealth from the developing world into developed economies around the world, much of which was looted from various Treasuries across Africa and in the rest of the developing world.

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