UK to return looted funds to Nigeria

The Attorney-General of the Federation and Minister of Justice, Abubakar Malami stated over the weekend that the government of the United Kingdom has agreed to return the funds stolen from Nigeria. Malami made this revelation upon his return from the United Kingdom on Saturday after a two-day International Anti-Corruption Summit.

The minister said the UK expressed commitment towards returning Nigeria’s looted funds during a

bilateral meeting between the two nations. He said though there was no estimate of how much of the Nigeria’s funds stashed in the UK, but “it has been compiled for certainty.”

Malami said apart from the meetings which Nigeria had with the UK, there were no other bilateral talks between Nigeria and other nations.

He said, “There was no sideline talks as such, but then there has been a bilateral meeting, other than the conference, in which express commitment has been shown by the leadership of the UK towards the idea of loot recovery.

“The UK has shown extra commitment apart from the resolution that was unanimously passed at the conference. Nigeria was treated as a priority in terms of execution of such commitment,” he told Punch.

This is not something that we are exclusively in control of, but honestly there is a great goodwill and great commitment working mutually. So, very soon, Nigeria will start reaping the benefit,” he said.- Daily post