6/27/2015

Buhari finds looted funds in UK, Switzerland, others

Firstclass newsline gathered that the Federal Government has started
tracing looted Nigerian funds to foreign nations with the aim of
recovering and repatriating them.
The Federal Government specifically targets the United States, the
United Kingdom, France, Switzerland and other European jurisdictions
where it believes corrupt officials have been stashing public funds.
This move came on the heels of the declaration by President Muhammadu
Buhari on his first day in Aso Villa office that he inherited an
almost empty treasury from his predecessor, Dr. Goodluck Jonathan,
thus vowing that his administration would recover all the looted funds
stashed in foreign banks by corrupt Nigerians.
"The next three months may be hard, but billions of dollars can be
recovered, and we will do our best," the President was quoted as
saying in a statement signed by his Special Adviser on Media and
Publicity, Mr. Femi Adesina.
Some of the countries where looted funds from Nigeria have been kept
in the past include Liechtenstein, Luxembourg, Switzerland, the United
Kingdom and the United States. Others are France, Germany, British
Virgin Islands and other tax havens spread across the globe.
Adesina, who confirmed the move in an exclusive interview with a
source on Thursday, said, the search for the looted funds will not be
limited to these countries but anywhere in the world where they may be
hidden.
He said, "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.
Firstclassnewsline.net"

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