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Malami: FG working to recover £200m looted funds

by 21st Century Chronicle
September 23, 2021
in Lead of the Day, National news
0
How Nnamdi Kanu was arrested, extradited – Malami

Abubakar Malami, Attorney General of the Federation and Minister of Justice of Nigeria

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Attorney-General of the Federation (AGF), Abubakar Malami, says the Federal Government is working on the recovery of stolen assets, including £200 million currently stashed in a foreign country.

Malami disclosed this to journalists on Wednesday, on the sidelines of the United Nations General Assembly in New York.

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He said there will also be discussions on reviewing the process for the recovery of stolen funds from foreign countries.

“We are pursuing a lot of assets across the globe and then we intend to coordinate further meetings relating to recovery in the United Kingdom, which is associated with certain personalities,” he said.

“We are building consensus in terms of driving resolutions, processes and procedures associated with asset recovery.

“So, while we are pursuing the recovery of the assets in their own right, we are equally trying as much as possible, to see what we can do in terms of building consensus around making the process of asset recovery easier locally and internationally.”

The Federal Government had in May 2021 said over $700 million looted funds have been recovered in the past four years from the United States, the United Kingdom, Bailiwick of Jersey, Switzerland, and Ireland.

Tags: Abubakar MalamiAGFFederal Governmentlooted fundsMalamistolen assets

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