On his first day in Aso
Villa office, President Muhammadu Buhari vowed that his
administration would recover all the looted funds stashed in foreign
banks by corrupt Nigerians and has began tracing Nigerian funds that were illegally moved out of the country to foreign nations with the aim of recovering and repatriating them.
Reportedly, the funds were trace to the United States, the United Kingdom, France, Switzerland and other European jurisdictions where corrupt officials allegedly have been stashing public funds.
“The
next three months may be hard, but billions of dollars can be
recovered, and we will do our best,” said
Buhari in a statement signed by his special adviser on media and
publicity, Mr Femi Adesina.
Earlier, Nigeria’s looted
funds have been found in such countries as 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.
Moreover, Adesina also said
the search for the looted funds will not be limited to these
countries but anywhere in the world where they may be hidden.
According to The Punch,
anti-corruption agencies will play a prominent role in the exercise
targeted at corrupt government officials in the recent past
administration and their private sector collaborators, among others.
The
federal government is planning to engage the services of foreign
private investigators to help trace and find looted funds belonging
to the people of Nigeria. Details on .
