The Federal Government has began the process of tracing looted Nigerian funds to foreign nations with the aim of recovering and repatriating them back to the country, according to Punch!
According to the report, the Federal Government is specifically targeting the United States, the United Kingdom, France, Switzerland and other European jurisdictions where it is believed that corrupt officials have been stashing public funds.
Following President Muhammadu Buhari’s annoucement on his first day in Aso Villa office that he inherited an almost empty treasury from his predecessor, Dr. Goodluck Jonathan, he has vowed that his administration will do all it can to recover 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,” the President was quoted as saying in a statement signed by his Special Adviser on Media and Publicity, Mr. Femi Adesina.
Adesina, who confirmed the move in an exclusive interview with Saturday PUNCH on Thursday, said, the search for the looted funds will not be limited to these countries but anywhere in the world where they may be hidden saying:
“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.”
