Following President Muhammadu Buhari ’s recent statement that his government will ensure it retrieves looted funds kept in foreign banks, his Special
Following President Muhammadu Buhari ’s recent
statement that his government will ensure it
retrieves looted funds kept in foreign banks, his
Special Adviser on Media and Publicity, Femi
Adesina has confirmed the move.
Speaking in an interview with Saturday Punch,
Adesina said the search for the funds, which are
kept in Switzerland, the United Kingdom, United
States, France , Germany , British Virgin Islands ,
Liechtenstein and Luxembourg , will not be limited
to these countries alone.
“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,” he
According to report, the Federal Government’s
investigation is meant to identify the individuals
involved in corrupt practices and ascertain the
sums of money involved with a view to retrieving
It was gathered that anti-corruption agencies play
a vital role in the corruption fight, which is targeted
at corrupt government officials in the recent past
administration and their private sector
collaborators, among others.
Adesina said that the Federal Government plans to
engage the services of foreign private
investigators who will in tracing and find looted
funds belonging to the people of Nigeria.
“Everything that needs to be done to get all those
funds repatriated will be done, including engaging
private investigators,” the Presidential
Buhari had lamented that the Goodluck Jonathan
administration left behind a near empty treasury.
According to Adesina, the foreign search for looted
funds that belong to Nigeria is part of the mandate
Buhari was tasked with at the recent G7 summit in
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.”
“The assurance the President has given is that
within the next three months, we have to
concentrate on getting those monies back to the
A few days ago, Buhari had said that his
administration has received firm assurances of
cooperation from the US and other countries in his
bid to recover funds stolen from Nigeria.