News Briefs

Kidnapped Nigerian religious sisters released

August 23, 2022 Catholic News Agency 1
Sr. Johannes Nwodo (R), Sr. Christabel Echemazu (L), Sr. Liberata Mbamalu (C), and Sr. Benita Agu, freed from captivity in Nigeria’s Imo State, Aug. 23, 2022. / Courtesy photo

Denver Newsroom, Aug 23, 2022 / 15:19 pm (CNA).

Four religious sisters who were kidnapped while on their way to Mass Aug. 21 have been released, according to their order. 

Sisters Johannes Nwodo, Christabel Echemazu, Liberata Mbamalu, and Benita Agu were kidnapped Aug. 21 in Nigeria’s Imo state, located in the south of the country. 

After two days of seeking “intense prayer” for their “quick and safe release,” the Sisters of Jesus the Saviour announced the abductees’ “unconditional and safe release” in a statement Aug. 23. 

“Today is a memorable day for us, therefore, we wish to share this joy with all men and women of Goodwill who in one way or the other have contributed to the quick and safe release of our dear sisters,” the statement reads. 

The Sisters of Jesus the Saviour is a Nigerian order that cares for the poor, elderly, and sick. The order did not provide any details about who may have perpetrated the kidnapping. 

Kidnappings of Christians in Nigeria have multiplied in recent years, a situation that has prompted Church leaders to express serious concern about the security of their members and to call on the government to prioritize the security of its citizens. 

Priests, in particular, are often kidnapped and held for ransom. On July 11, the Nigerian Diocesan Catholic Priests Association issued a statement about the attacks, saying, “it is really sad that in the course of their normal pastoral activities, priests have become an endangered species.”

Most recently, in July, Father John Mark Cheitnum and Father Denatus Cleopas were abducted at the rectory of Christ the King Catholic Church in the town of Lere in Nigeria’s northern Kaduna State. Cleopas was released, but Cheitnum was killed in brutal fashion.  |

Security expert David Otto, director of the Geneva Centre for Africa Security and Strategic Studies, based in Geneva, Switzerland, told CNA in July that the consensus of security experts in his group is that the Catholic Church is being targeted because it has been paying the steep ransoms the terrorists have demanded, which can be as high as $200,000, or more.

[…]

Pope Francis instructs Vatican entities to move all funds to Vatican bank by Sept. 30

August 23, 2022 Catholic News Agency 18
The Institute for Religious Works, or ‘Vatican bank’. (File Photo/CNA).

Rome Newsroom, Aug 23, 2022 / 05:51 am (CNA).

Pope Francis has ordered that the Holy See and connected entities move all financial assets to the Institute for Works of Religion (IOR), commonly known as the Vatican bank.

The pope’s rescript, issued Aug. 23, clarifies the interpretation of a paragraph in the new constitution of the Roman Curia, Praedicate Evangelium, promulgated in March.

According to Francis’ rescript, financial and liquid assets held in banks other than the IOR must be moved to the Vatican bank within 30 days of Sept. 1, 2022.

The IOR, based in Vatican City State, has 110 employees and 14,519 clients. As of 2021, it looked after 5.2 billion euros ($5.6 billion) of client assets.

Though commonly called a “bank,” the IOR is technically a financial institute, with no branches, working within Vatican City State to provide services to clients, which include the Holy See and connected entities, religious orders, clergy, Catholic institutions, and Holy See employees. 

The IOR saw its number of clients decline by 472, from 14,991 clients at the end of 2020 to 14,519 in 2021. Nearly half of its clients in 2019 were religious orders.

According to its annual report, the financial institution’s $19 million net profit in 2021 was also down from $44 million in 2020 and $46 million in 2019.

In his Aug. 23 rescript, Pope Francis said article 219, paragraph 3 of Praedicate Evangelium “must be interpreted to mean that the activity of asset manager and custodian of the movable patrimony of the Holy See and of the Institutions connected with the Holy See is the exclusive responsibility of the Institute for Works of Religion.”

The decree will force Holy See institutions, including the Secretariat of State, to move their financial assets to the IOR by the end of September. The Secretariat of State is known to have had accounts in Swiss financial institutions, including Credit Suisse, through which the controversial London building investment was initially carried out.

Article 219, paragraph 3 of the new curial constitution says: “The execution of the financial transactions referred to in §§ 1 and 2 is carried out through the Institute for the Works of Religion,” the IOR.

The financial transactions described in paragraphs 1 and 2 of article 219 are the administration and management of the Holy See’s real estate and movable assets and entities entrusting their assets to the Holy See.

[…]