Minister of Justice and the Attorney General of the Federation, Mr. Abubakar Malami, SAN yesterday signed a Memorandum of Understanding on behalf of the federal government with the British Minister of State for Immigration, Robert Goodwill, on the modalities for the return of Nigerian stolen assets.
Goodwill during the exercise, which held at the Ministry of Justice, stated that the MoU provided the mechanism by which monies could be returned.
Noting that there was no safe place for stolen assets in the U.K any longer, Goodwill maintained that the ability to recover and return the previously looted funds would discourage future attempts to pilfer funds.
“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”, he said.
The signing of MoU was a follow up to the agreement reached at the London anti-corruption summit in May.
According to the British delegate, British government was committed to the return of all funds looted from Nigerian State.
“We are keen to do this as soon as the necessary legal process allow. As outlined at the summit, we would be taking steps to accelerate the procedures for identification and confiscation of illegally acquired assets.
“We are committed, as is Nigeria, to ensure that beneficial ownership of assets is made available to relevant authorities so they know who the real owners are, of assets held in the U.K”.

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