The Federal Government has disclosed how some of Nigeria's stolen cash were returned from abroad. Switzerland contributed $322.52 million, the United States contributed $311.7 million, Northern Island contributed €5.4 million, and the United Kingdom contributed €4,214,017.66 and $200 million.
On Tuesday, Attorney-General of the Federation and Minister of Justice Abubakar Malami released a statement through his Special Assistant for Media and Public Relations, Dr. Umar Gwandu, indicating that President Muhammadu Buhari was working on anti-corruption measures.
He believes that the Nigerian government's achievement in reclaiming its overseas assets might soon serve as a model for other African countries fighting corruption.
The AG's statement added, "Various actions have been made in terms of legal frameworks, development of institutions, and policy initiatives geared at combating corruption, regional corporation, and guaranteeing good governance for the benefit of citizens."
"The recovery of $322.515 million was made possible in 2017 thanks to the conclusion of a trilateral agreement with Switzerland and the World Bank.
"After concluding a new trilateral deal with the United States and the Bailiwick of Jersey in 2020, a total of $311.7 million was returned to Nigeria.
"In addition, in March of 2020, 5.4 million Euros were recovered as a result of an agreement made with Northern Island.
"The Federal Government was able to collect €4,214,017.66 from the United Kingdom, which was linked to James Ibori's family."
"An additional $200 million in recovery is expected, subject to the settlement of litigations that the Ministry of Justice is now addressing."
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