FG takes serious steps to recover looted funds from ex-governors, senators, others

macfranc007 March 10, 2018 Nigeria News today & Breaking news ▷ Read Nigerian newspapers 24/7 Adeola Opeyemi

- Nigerian government has signed six agreements with the UAE to recover looted fuds and properties in the country

- The number of politicians who allegedly have assets from looted funds hidden in the UAE are under probe were said to be over 20

- The AGF and EFCC acting chairman has departed Nigeria for UAE to finalized the deal

The federal government of Nigeria, on Friday, March 9, has launched steps to recover looted funds as well as assets built with stolen money in the United Arab Emirates (UAE) by ome former governors, ministers and senators.

The Nation reports that the Attorney-General of the Federation (AGF), Mallam Abubakar Malami (SAN), and the Acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu left Nigeria for Dubai on Friday night to finalize the deal with the UAE government.

The number of the affected Politically Exposed Persons (PEPs) under probe were said to be over 20 but the government is yet t release the names of those involved.

Recall that the Nigeria government had on January 19, 2016, signed six agreements with the UAE following a state visit by President Muhammadu Buhari.

The pacts include Judicial Agreements on Extradition, Transfer of Sentenced Persons, Mutual Legal Assistance on Criminal Matters and Mutual Legal Assistance on Criminal and Commercial Matters (the recovery and repatriation of stolen wealth).

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NAIJ.com earlier reported that Femi Falana, renowned human rights lawyer, has informed the Nigerian Labour Congress (NLC), that the Economic and Financial Crime Commission (EFCC) has recovered N750 billion loots in two years..

The senior advocate of Nigeria made the comment on Wednesday, February 28, at the ongoing 40th anniversary celebration of the NLC in Abuja, the nation’s capital.

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