The Search Has Begun: Buhari Traces Looted Funds To US, UK, Switzerland, France

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Nigeria's President Buhari speaks during a news conference after the Summit of Heads of State and Government of The Lake Chad Basin Commission in Abuja

The search has begun for all looted public funds stashed away by corrupt Nigerians in foreign banks.

This move comes hot on the heels of the declaration by President Muhammadu Buhari on his first day in Aso Villa office that he inherited an almost empty treasury from his predecessor, Dr. Goodluck Jonathan.

The Federal Government specifically targets the United States, the United Kingdom, France, Switzerland and other European jurisdictions where it believes has been a safe haven for corrupt officials.

Presidential spokesman, Femi Adesina, confirmed the move to PUNCH on Thursday, noting, that the search for the looted funds will not be limited to these countries but anywhere in the world where they may be hidden.

He said, “The search will not only cover UK, US, Switzerland, Germany and other known havens for Nigerian looted funds but will cover everywhere under the sun. Anywhere and everywhere that the looted funds are, we have an assurance from the United States of America to assist us to repatriate these funds from anywhere under the sun.”

“Everything that needs to be done to get all those funds repatriated will be done, including engaging private investigators,” the Presidential spokesperson added.

 

Adesina also said the identification of foreign banks being used to stash stolen funds was one of the mandates given to Buhari during a meeting he had with President Barak Obama at the recent G-7 summit in Germany.

He said, “When the President met with the G7, the promise that the American President gave him was that Nigeria should just provide all the facts, the figures, the statistics, including the banks.

“He promised that if Nigeria could make the information available, then the US will help in recovering the stolen funds.”

 

Banky

Banky

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