Lord Bruce of Bennachie
Main Page: Lord Bruce of Bennachie (Liberal Democrat - Life peer)(1 day, 16 hours ago)
Lords ChamberWe have had a great deal of success in seizing assets and returning them to those Governments. I remind the House that most people in positions of leadership across Africa are not corrupt and are working incredibly hard for the benefit of their populations. I know the noble Lord agrees with that. We returned millions of pounds recently to Nigeria, where that money has been reinvested into public services for the benefit of those people. That is the work that we will continue to do.
My Lords, over 20 years, I saw how development was being undermined by corruption in too many low-income countries. What will the Government do through the international anti-corruption unit to ensure that funds that are being laundered through British administrations are prosecuted, with the funds seized and returned to the people who need them, rather than disappearing into the morass of illegal looting?
We are working through the unit, but, importantly, we are also working on prevention. We have a great deal of work taking place, alongside the African Development Bank, to strengthen systems in-country so that countries are able to take measures themselves to deal with this and prevent these kinds of practices, which, as the noble Lord said, so badly disadvantage countries that really need to keep that money in-country so they can spend it well for the benefit of their people.