The Federal Government has revealed how it repatriated some of Nigeria stolen funds stashed overseas. The funds included $322.52 million from Switzerland, $311.7 million from the United States, €5.4m from Northern Island, and €4,214,017.66 and $200 million from the United Kingdom.
Attorney-General of the Federation and Minister of Justice Abubakar Malami, through his Special Assistant for Media and Public Relations Dr Umar Gwandu, issued a statement on Tuesday, saying that President Muhammadu Buhari was working on measures to eradicate corruption.
He said that other African countries could soon make the Nigerian government’s success in recovering its international assets a template in the fight against graft.
“Various steps have been taken in terms of legislatives frameworks, establishment of institutions and policy measures targeted at combatting corruption, regional corporation and ensuring good governance for the benefit of citizens,” the AG’s statement read.
“In 2017, the signing of a trilateral agreement with Switzerland and World Bank enabled the recovery of $322.515m.
“In 2020, a total sum of $311.7m was returned to Nigeria after signing another trilateral agreement with the USA and Bailiwick of Jersey.
“Also in the year 2020, 5.4 million Euros was recovered in March emanating from an agreement signed with Northern Island.
“The Federal Government was able to recover from UK the sum of €4,214,017.66 connected to the family of James Ibori.
“Additional recoveries to the tune of $200m are being anticipated subject to the settlement of litigations of which the Ministry of Justice is attending to presently.”
