A statement on Tuesday by GOCOP Publicity Secretary, Olumide Iyanda, said the theme of the conference is “Economy, Security and National Development: The Way Forward”.

According to Iyanda, the event will examine online publishers’ roles in the ever-changing Nigerian society.

Catholic Bishop of Sokoto, Most Rev Dr. Matthew Kukah, will deliver a keynote speech on the conference theme.

Former Director-General of the West African Institute for Financial and Economic Management (WAIFEM), Professor Akpan Ekpo, and a former Director with the Department of State Services (DSS), Mike Ejiofor, shall be the discussants.

Chairman of the occasion is Managing Director of The News Group, Bayo Onanuga.

Special Adviser to the President on Media and Publicity, Femi Adesina, will represent the Presidency.

The GOCOP conference will bring together policymakers in the private and public sectors.

A business forum between GOCOP members and representatives of the Nigerian Institute of Public Relations (NIPR), Public Relations Consultants Association of Nigeria (PRCAN), Association of Corporate Affairs Managers of Banks (ACAMB), Advertisers Association of Nigeria (ADVAN) and Media Independent Practitioners Association of Nigeria (MIPAN) shall hold at Sheraton Hotel on Thursday, October 3.

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The five-day workshop is scheduled for July 17-21, 2017 at the Central Bank of Nigeria’s International Training Institute (ITI) Abuja and is funded by the African Capacity Building Foundation (ACBF) and WAIFEM.

The workshop will draw participants from West African countries, including Nigeria, Ghana, Liberia, Sierra Leone, The Gambia, Senegal, Ivory Coast, Togo, Benin Republic, Niger, Guinea, Burkina Faso, Mali and Guinea Bissau.

The participants will come from the Central Banks and Ministry of Finance of the various West African countries, the West African Monetary Institute (WAMI), West African Monetary Agency (WAMA), BCEAO, ECOWAS and Media Houses (Television, Radio, Newspapers and Online publications) in the west coast.

According to a statement issued in Lagos by WAIFEM and CFJ Nigeria, the objective of the workshop is to sharpen the skills of Financial Analysts in public institutions and the fourth estate of the realm in budget tracking, monitoring and reporting.

This, the organizations said, is to enable them to track, monitor and report the annual budgets of national and sub-nationals to ensure accountability and transparency in all phases of the budget process since these are prerequisites for effective and efficient service delivery and inclusive government.

Economists and financial experts have been lined up to facilitate at the workshop. They include Director General of West African Institute for Financial and Economic Management, Professor Akpan H. Ekpo; Advisor, Business Development and Consultancy Unit of WAIFEM, Professor Douglason G. Omotor; Chief Consultant, B. Adedipe Associates, Dr. Biodun Adedipe; President/CEO, Time Economics, Dr. Ogho Okiti, and Chief Executive of Centre for Financial Journalism, Ray Echebiri.

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According to Ray Echebiri, founder and CEO of the Centre, the inaugural lecture marks the formal commencement of activities of the Centre, which will focus on training of journalists in the country on financial journalism, and research.

The inaugural lecture which will be delivered by erudite Economist, Professor Akpan Hogan Ekpo, Director-General of West African Institute for Financial and Economic Management and former Vice-Chancellor of University of Uyo, Akwa Ibom State, is entitled Steering Nigeria Out of Economic Turbulence – Policy Choices for Buhari’s Administration.

The lecture will be chaired by Professor Pat Utomi, Director, Lagos Business School, while the Executive Governor of Lagos State, Akinwunmi Ambode, will be the Special Guest of Honour.

Prof. Ekpo’s lecture will be discussed by Femi Awoyemi, Fellow of the Institute of Chartered Accountants of Nigeria and CEO of Proshare Nigeria, and Tilewa Adebajo, an economic expert and CEO of The CFG Advisory.

CFJ Nigeria was established to provide specialised training programmes in financial journalism with a view to addressing the knowledge and skills gap in the practice of the trade; and to conduct research on financial journalism, business, the economy, banking and finance.

The Centre is governed at the board level by eminent Nigerians, with Ernest Ebi, former Deputy Governor of the Central Bank of Nigeria as Chairman.

The faculty is populated by some of the best brains in Journalism, Finance and Banking, Economics, Law, Development and Politics, who will be bringing their expertise and wealth of experience to bear on the offerings of the Centre.

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She said this while delivering an open remark for the regional course on combating money laundering and other financial crimes organized by the West African Institute for Financial and Economic Management (WAIFEM) in Abuja. “Bank facilities are used knowingly and unknowingly to further the act of money laundering and in most cases to retain the proceeds of such crime”.

Represented by the Director, Research of the CBN Charles Mordi, Alade said that “Over 80 per cent of the proceeds of money laundering are associated with banks, one way or the other, all over the world.”

She listed round tripping, financial fraud, capital flight, fake cheques, fake currency minting, advanced fee fraud and insiders abuse as examples of financial related crimes and money laundering.

“Effects of money laundering and related economic and financial crimes cause distortions in the financial markets through misallocation of investment,” adding that the financial fraud related crimes, have caused “Deleterious macroeconomic consequences such as inexplicable changes in money demand, prudential risks to banks soundness, contamination effects of legal financial transactions and increased volatility of international capital flows and exchange rate due to un anticipated cross-border asset transfers.”

She however, warned that money laundering has serious implication, stressing, “When a country’s commercial and financial sector are perceived to be associated with the incidence of organised crimes, it could affect Foreign Direct Investment.”

In his remarks, Director General of WAIFEM Prof. Akan Ekpo identified money laundering as a threat to financial stability in any economy, especially, to small and fragile economies like the ones in the sub-region.

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