In order to strengthen their ability to combat illicit financial flows and corruption in Africa, the African Development Bank has started training pertinent stakeholders.
During the Public Financial Management Executive Training Education of the Public Financial Management Academy for Africa on Tuesday in Abuja, Dr. Eric Ogunleye, the acting Director and Division Manager, Policy Management at the African Development Institute of the AfDB, announced this.
African central banks, ministries of finance and planning, and other public financial management organizations sent mid- to senior-level officials for the training, according to the News Agency of Nigeria.
Key anti-corruption agencies and statistical offices were among the participants in the training, which had as its theme “Enhancing Accountability, Transparency and Curbing Corruption and Illegal Financial Flows in Africa.”
This training, which takes place from December 11 to December 15, is unique because it’s this cohort’s first hybrid training. It’s unique in addition to the fact that our worthy participants will graduate in a few days and get certificates.
“I am happy that the journey we began in March 2022 has gradually come to a happy and beneficial end,” stated Ogunleye.
He states that participants have provided positive feedback on multiple occasions regarding the training’s significant impact on their day-to-day work, career, and professional development.
Speaking of the positive effects these trainings were having on their nations, he said the Academy had also received praise from its partners.
Subsequently, a number of requests have been made by regional member countries for locally tailored and subnational versions of these trainings.
“This feedback has reinforced and encouraged us to carry out the 18-month structured executive training program,” Ogunleye stated.
The training, he said, was designed to help participants gain a deeper understanding of their roles in risk mitigation, including accountability, transparency, anti-corruption, anti-money laundering/counterterrorism financing, and anti-illicit financial flows.
Ogunleye stated that upon completion of the training, participants should be better equipped to create and carry out strong institutional, policy, legal, and regulatory frameworks.
The director stated that among other things, the increased capacity should promote transparency and accountability, as well as reduce illicit financial flows and corruption in Africa.
Regarding assessment, Ogunleye stated: “This is a competency training program that will result in certification at the conclusion of the 18-month training period, which would be at the end of this training for this cohort.”
Thus, a set of standards for the accreditation, certification, and assessment of the course and its participants have been created. After the training, you will receive a survey with evaluation questions asking for your thoughts on the course. In order to help us improve the training programs, please make an effort to answer those survey questions, he said.