Nigeria to recover money dictators hid in UK

ng moneyFrom EMEKA OKONKWO in Abuja, Nigeria
ABUJA, (CAJ News) -NIGERIA has assured of an end to the recurrence of corrupt government officials looting state coffers and stashing money in offshore accounts overseas.

The assurance follows an agreement signed with the United Kingdom to recover such money.

A memorandum of understanding is to facilitate the return of the stolen assets.

“I want to use this opportunity to assure Nigerians that nobody will steal funds that is meant for the people of Nigeria,” Minister of Justice, Abubakar Malami, who doubles as Attorney General of Nigeria, told CAJ News after penning the MoU.

He signed the pact with leader of the UK delegation, Robert Goodwill, a Minister of State for Immigration and Member of Parliament.

Malami said the mutual understanding was built on confidence and trust as well as commitment to ensure returned assets was not at risk of being misappropriated.

Goodwill said the UK was fully committed to the return of all funds looted from Nigerian coffers.

“We are keen to do this as soon as the necessary legal processes are allowed,” said Goodwill.

While it could not be ascertained how much money belonging to Nigeria was stashed in the UK, Nigeria earlier estimated US$9,1 billion was involved.

Military ruler, the late Sani Abacha, has been singled out as the mastermind of the illegal externalization of funds.

– CAJ News

Short URL:

Posted by on Sep 2 2016. Filed under Africa & World, Featured, Finance, National, Regional. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

CAJ News Sponsored Links

Commonwealth Technology Organisation

Connect to CAJ News on Facebook

Subscribe to our Newsletter

Photo Gallery

Log in
All material © CAJ News Africa. Material may not be published or reproduced in any form without prior written permission.