Buhari Tracks Stolen Funds To US, UK, Switzerland
The federal government has began tracing Nigerian
funds that were illegally moved out of the country to foreign nations
with the aim of recovering and repatriating them.
Reportedly, the funds were trace to the United States, the United Kingdom, France, Switzerland and other European jurisdictions where corrupt officials allegedly have been stashing public funds.
On his first day in Aso Villa office, President Muhammadu Buhari vowed that his administration would recover all the looted funds stashed in foreign banks by corrupt Nigerians.
“The next three months may be hard, but billions of dollars can be recovered, and we will do our best,” said Buhari in a statement signed by his special adviser on media and publicity, Mr Femi Adesina.
Earlier, Nigeria’s looted funds have been found in such countries as Liechtenstein, Luxembourg, Switzerland, the United Kingdom and the United States. Others are France, Germany, British Virgin Islands and other tax havens spread across the globe.
Moreover, Adesina also said the search for the looted funds will not be limited to these countries but anywhere in the world where they may be hidden.
According to The Punch, anti-corruption agencies will play a prominent role in the exercise targeted at corrupt government officials in the recent past administration and their private sector collaborators, among others.
The federal government is planning to engage the services of foreign private investigators to help trace and find looted funds belonging to the people of Nigeria. Details on The Punch.
Reportedly, the funds were trace to the United States, the United Kingdom, France, Switzerland and other European jurisdictions where corrupt officials allegedly have been stashing public funds.
On his first day in Aso Villa office, President Muhammadu Buhari vowed that his administration would recover all the looted funds stashed in foreign banks by corrupt Nigerians.
“The next three months may be hard, but billions of dollars can be recovered, and we will do our best,” said Buhari in a statement signed by his special adviser on media and publicity, Mr Femi Adesina.
Earlier, Nigeria’s looted funds have been found in such countries as Liechtenstein, Luxembourg, Switzerland, the United Kingdom and the United States. Others are France, Germany, British Virgin Islands and other tax havens spread across the globe.
Moreover, Adesina also said the search for the looted funds will not be limited to these countries but anywhere in the world where they may be hidden.
According to The Punch, anti-corruption agencies will play a prominent role in the exercise targeted at corrupt government officials in the recent past administration and their private sector collaborators, among others.
The federal government is planning to engage the services of foreign private investigators to help trace and find looted funds belonging to the people of Nigeria. Details on The Punch.
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