- Western countries serving as custodians of stolen funds from Nigeria have been chided by the federal government
- It says most of these countries are making it difficult to recover these stolen funds
- The federal government describes their actions as immoral and daylight robbery
The federal government has expressed displeasure over the actions of some countries that serve as custodians of stolen funds from Nigeria, describing their actions as immoral and daylight robbery.
Vanguard reports that the federal government stated that most of these countries were putting in place hurdles to frustrate the recovery of the funds.
NAIJ.com gathers that the displeasure was expressed in Abuja by the minister of foreign affairs, Geoffrey Onyeama.
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Onyeama spoke at international conference on combating illicit financial flows (IFF) and enhancing asset recovery for sustainable development organised by Presidential Advisory Committee Against Corruption (PACAC)
According to Oyema, developing countries face hurdles in the repatriation of stolen funds from some western countries.
He said: “We got some money back from Switzerland, but my God, when you look at the details, I was shocked and extremely angry at the process of recovery. If you should see the percentage of the money that eventually came back to us; that was paid out to all kinds of institutions in Switzerland — to lawyers, to this, to that, percentages of huge sums of money. I said this is daylight robbery that these countries are perpetrating and of course playing on the fact that we are not United States.
“This is something that we would keep harping on and mentioning wherever we have the opportunity that these countries would have to do a lot more, because at the end of the day, if not, they are condoning huge theft and accessories after the fact of crime."
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Meanwhile, NAIJ.com previously reported that the federal government said it received 322.51 million dollars from the Swiss government as part of looted funds recovered from former head of state, late General Sani Abacha.
Oluyinka Akintunde, the special adviser, media and communications to the minister of finance, said this in a statement on Tuesday, April 10, in Abuja.
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Source: Naija.ng
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