General news

FG reiterates commitment towards return of looted funds

Published

on

FG reiterates commitment towards return of looted funds

By Ebere Agozie

The Federal Government has reiterated its  commitment towards return of looted Nigerian assets kept outside the country.

The Minister of Justice, Abubakar Malami, SAN, made this known in a statement issued by Dr Umar Gwandu, his Special Assistant on Media and Public Relations on Monday in Abuja.

“Any moment from now, Nigeria will get the return of the 4.2 million pounds seized from the associates of convicted former Governor of Delta, James Ibori.

“Sometimes when a country transfers funds, it may take a little more time than expected due to some documentations.

“My office and other relevant government agencies will keep the public informed once the Ibori loot is received and confirmed’’.

He said the federal government is in touch with the government of the United Kingdom on the matter.

“Documentations with the banks in different countries often take longer than expected. We anticipated two weeks but we are not in control of the banks,” he said.

Malami maintained that the government is working assiduously to make sure that the transfer goes through successfully.

“There is neither complacency nor undue delay as efforts are being made to ensure successful transfer of the funds,” he assured. (NAN)

(NAN)

Short Link: https://wp.me/pcj2iU-3zpZ

NNN

NNN: :is a Nigerian online news portal that publishes breaking news in Nigeria, and across the world. Our journalists are honest, fair, accurate, thorough and courageous in gathering, reporting and interpreting news in the best interest of the public, because truth is the cornerstone of journalism and they strive diligently to ascertain the truth in every news report. Contact: editor @ nnn.ng

Recent Posts

Germany records flat population growth first time in almost decade England’s COVID-19 vaccine bookings top 1m in 2 days E-Livestock Global fez o launch of the Mastercard solution based on blockchain (chain of blocks and dice) with the objective of increasing the visibility of the non-Zimbabwean bovine industry NAFDAC to register, certify premises of chemical manufacturers Russia urges attention on Iranian oil back to market Angelina Jolie visits Burkina Faso on Refugee Day COVID-19: Bereaved urges compassion for victims’ relatives By Cecilia Ologunagba COVID-19: Nigeria’s Consulate in New York embarks on vaccination drive COVID-19: NCDC reports zero cases June 20 Troops eliminate 20 terrorists in Borno Qatar wants to allow only vaccinated fans to attend 2022 World Cup Switzerland crush Turkey but must wait on Euro 2020 hopes No loss of life in Marina fire outbreak — LASEMA NPFL: Plateau Utd humble Warri Wolves 2-0 to harvest maximum points UBEC commences inspection of model schools across Nigeria Request for daily stock record is statutory requirement — DPR Olympics-bound Anyanacho wins gold at Beirut Taekwondo open Kano govt. declares state of emergency on open defecation Troops foil terrorists’ attack, neutralise scores in Borno town FGC B/Yawuri: Troops rescue 4 more abductees, total now 11 Fathers Day: You must live up to responsibility – cleric charges 25 home-based players to resume camping in Abuja for Mexico friendly Tuesday Nigeria earned N79.96bn from solid minerals in 2019, highest in 5 years – NEITI Borno govt to re-open farming activities  – Official 24 states for maiden Lagos open athletics championships – Official Expo: MSME operators seek more research, fund to boost organic sector Police foil armed robbery attempt in Abuja Transforming: Agriculture and Food Processing in Nigeria Designer of 1004 Flats Housing Estate in Lagos, Fola Alade, is dead Nigeria’s consul advocates strategic engagement with S/Africa Video: Buhari thumbs up NLNG as NNPC reviews activities NiMet, FOA partner to ensure food security in Nigeria IMO lauds Nigeria’s leading role in securing Gulf of Guinea Nigeria’s South Africa mission issued 10,341 passports in 14 months – Envoy PDP stalwart seeks VAT reversal to 5% NDLEA arrests officer, 6 others for dealing in cocaine NGO advocates death penalty for looters of public funds Yar’Adua, Abu-Ali bag Yahaya Bello’s posthumous peace Idol award ASUU threatens industrial action over non-payment of members’ salaries All you need to know about Sickle Cell Disorder Oyo Police confirm murder of popular Ibadan radio presenter Sickle Cell Day: Author calls for awareness, adequate information Rivers council chairman to train 20 youths in maritime technology Vandalism: Works minister seeks NAN’s support on enlightenment How FG is deploying home-grown technology in road construction-Fashola Banana Village: From swamp to shelter Works ministry to revive Bridge Maintenance Unit–Fashola FG touching lives through expanded infrastructure, says Fashola FG will complete 2nd Niger Bridge next year: Fashola FG committed to affordable housing for Nigerians –Fashola