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Buhari’s visit: U.S finalises repatriation of over $500m Nigeria's looted money traced to the country - Hallo friendsBreaking News Today, In the article you read this time with the title Buhari’s visit: U.S finalises repatriation of over $500m Nigeria's looted money traced to the country, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article culture, Article News, Article politics, Article sports, We write this you can understand. Alright, good read.

Title : Buhari’s visit: U.S finalises repatriation of over $500m Nigeria's looted money traced to the country
link : Buhari’s visit: U.S finalises repatriation of over $500m Nigeria's looted money traced to the country

Buhari’s visit: U.S finalises repatriation of over $500m Nigeria's looted money traced to the country

The visit of President Muhammadu Buhari to U.S. President Donald Trump has led to the finalisation of negotiations to repatriate more than $500m (about N190bn) of Nigeria’s looted money traced to the U.S.

Nigeria’s Attorney-General and Minister of Justice, Abubakar Malami, told the News Agency of Nigeria  in Washington, DC, that he and the Attorney-General of the U.S. would be meeting last Tuesday to finalise the agreement.

Malami explained that the technicalities involved were being taken care of by both officials of the Nigerian government and also from the U.S. side.

He said: “On the part of assets recovery, we have made considerable progress through this visit.

“There’s goodwill by the two presidents to have a road map for the repatriation of illicit funds and assets traced to the U.S. as proceeds of illicit transactions.

“This illicit funds and assets are to the tune of $500m and above for immediate repatriation. We are looking at the shortest practicable time for it to be repatriated.

“There is political commitment demonstrated by the two presidents.

“The over $500m is not all the recovery, it is only for the immediate repatriation while we continue with our efforts to recover more.”

(NAN)

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