Buhari asks US for help in repatriating loot

President Buhari
President Buhari

ABUJA. — Nigerian president Muhammadu Buhari has asked the United States for help in returning stolen Nigerian assets stashed in US banks as part of his efforts to crack down on corruption, according to a statement from his office on Thursday.

President Buhari made the request during a meeting with US Secretary of State John Kerry on the sidelines of a two-day nuclear security summit in Washington.

“President Buhari sought and received an assurance from Mr Kerry that the United States government will facilitate the repatriation of all stolen Nigerian funds found within the American banking system,” his office said.

President Buhari told Kerry it would “greatly help our country if you assist us to recover all our stolen funds which we can establish to be within your financial system,” according to the statement.

It said Kerry assured president Buhari the United States would help and said US officials would meet with the head of Nigeria’s Economic and Financial Crimes Commission to discuss further co-operation.

State Department spokesman John Kirby confirmed that Kerry had offered “continued US support to locate and help with tracing and investigating looted funds, as we have done for Nigeria in the past.”

In 2014, the United States took control of more than $480 million that former Nigerian dictator Sani Abacha and his associates had siphoned away into banks around the world.

Washington has broad powers to track suspicious funds and enforce sanctions against individuals. — Reuters.

Related Posts

Masiyiwa’s Cassava supercomputer ranked 36th in the world

  Herald Correspondent AFRICA has secured a place among global leaders in artificial intelligence computing after a Cassava Technologies supercomputer based in Cape Town was ranked 36th on the TOP500…

Econet InfraCo reports solid maiden half-year results after VFEX listing

Business Reporter Econet Infrastructure Company (Econet InfraCo), the Victoria Falls Stock Exchange (VFEX)-listed passive infrastructure subsidiary of Econet Wireless Zimbabwe, has posted solid maiden results reflecting the performance of the…

Leave a Reply

Your email address will not be published. Required fields are marked *

×