Tuesday, 30 August 2016
The Federal Government has signed a Memorandum of Understanding (MoU) with the British Government on the modalities for the return of Nigerian stolen assets. The Attorney-General of the Federation, Mr Abubakar Malami, signed on behalf of the Federal Government in Abuja on Tuesday.
“That both countries recognised that they have a mutual interest in ensuring that returned assets are not at risk of being misappropriated again.
“And that both countries recognised they have obligations toward their own citizens for providing such assurances.
“That both countries recognised the importance of ensuring that the highest possible standard of transparency and accountability are applied for the return of assets.
” He gave the assurance to the international community that all funds recovered would be judiciously utilised for projects that would benefit the poorest segment of the Nigerian society. Earlier, leader of the UK delegation, British Minister of State for Immigration, Robert Goodwill, said that the MoU provided the mechanism by which monies could be returned.