A Memorandum of Understanding (MoU) on modalities for the repatriation of Nigeria’s stolen assets has been signed by Nigeria and British Government
The Attorney-General of the Federation, Abubakar Malami, who signed onbehalf of Nigeria explained that the MoU is a follow up to the agreement reached at the London anti-corruption summit in May.
According to Malami, the MoU reflects the desire and willingness of both countries to continue cooperation and mutual support.
Malami said: “That both countries recognized that they have a mutual interest in ensuring that returned assets are not at risk of being misappropriated again and that both countries recognized they have obligations toward their own citizens for providing such assurances”.
He added: “That both countries recognized the importance of ensuring that the highest possible
Signing onbehalf of the United Kingdom, British Minister of State for Immigration, Robert Goodwill, explained that the MoU provided the mechanism by which monies could be returned.
Goodwill said: “Our ability to recover and return stolen assets should send a clear message to all who may seek to habour such assets that there is no safe haven in the U.K”.
Goodwill said: “We are keen to do this as soon as the necessary legal process allow. As outlined at the summit, we will be taking steps to accelerate the procedures for identification and confiscation of illegally acquired assets.”