US Agrees to Help Nigeria Recover Looted Funds

Hamilton Nwosa
Writer

Ad

Ndume Slams Tinubu’s Ambassadorial List as Unfair, Demands Withdrawal Over Federal Character Breach

By Abiola Olawale Senator Ali Ndume, the lawmaker representing Borno South Senatorial district of Borno State has slammed President Bola Tinubu’s list of ambassadorial nominees, labeling the appointments as a clear breach of the Federal Character Principle enshrined in the Nigerian Constitution. Ndume, known for his frank political commentary, issued a statement on Saturday calling…

Ex-Army Chief Faruk Yahaya slams ‘baseless’ terrorism-financing allegations, threatens legal action

By Obinna Uballa Former Chief of Army Staff, retired Lt.-Gen. Faruk Yahaya, has strongly denied allegations linking him to individuals allegedly involved in terrorism financing, describing the claims as false, malicious and motivated by personal vendetta. The accusation - reportedly credited to retired Maj.-Gen. Danjuma Ali-Keffi and published by Sahara Reporters - alleged that Yahaya…

Omisore Blasts APC Screening as ‘Joke,’ Accuses Tinubu’s Minister of Orchestrating Mass Disqualification

By Abiola Olawale ​Political tensions are escalating within the All Progressives Congress (APC) as former National Secretary, Senator Iyiola Omisore, criticised the party’s recent screening exercise, labeling it a "total joke." This comes after APC's screening committee disqualified six governorship aspirants under the party ahead of the Osun governorship primary election. Reacting, Omisore rejected the…

Ad

 

The United States of America has agreed to assist Nigeria to recover funds stolen from the country and stashed in foreign banks.

The Senior Special Assistant to the President on Media and Publicity, Mallam Garba Shehu, disclosed this in a statement on Tuesday.

Shehu said the US would also help in training judicial officers and prosecutors “in order to place Nigeria in a good position to uncover the proceeds of corruption and for improved prosecution of cases of crime.”nigeria US funds

Read also: WTO: US, China Set To Clash Again Over Interim Chief’s Position

He said the decisions were part of the agreements reached during President Muhammadu Buhari’s meeting with the US Attorney General, Loretta Lynch, in Washington DC.

Buhari is currently on a four-day official visit to the US.

“In line with expectations, the United States government has agreed to assist Nigeria recover all identified ill-gotten wealth in countries in which they have jurisdiction, including the US itself,” Shehu wrote.

He said the meeting centred on support for the war on corruption in Nigeria.

The presidential spokesman said indications from the meeting showed that the Mutual Legal Assistance Treaty signed by the two countries in 1985 which came into effect in 2003 would be made functional.

Read also: El-Rufai To Daura: I Won’t Support A Northerner To Succeed Buhari

“There will be collaboration. Each of the two countries will receive legal assistance from each other on criminal matters and that should cover the recovery of ill-gotten wealth.

“On extradition, we already have a treaty with the US by virtue of being a former British colonial territory.

“There is, however, the possibility that Nigeria might negotiate a new extradition treaty to meet our other requirements.

“The negotiation will be done under the auspices of a ‘re-energised’ US-Nigeria Bi-National Commission,” Shehu added

Read also: Fraud: Why US Prosecutors May File Fresh Case Against #woodberry

Ad

X whatsapp