The federal government and the United Kingdom (UK) have signed a memorandum of understanding on the return of the country’s stolen wealth.
The memorandum of understanding was jointly signed by the Attorney-General of the Federation and Minister of Justice, Mr Abubakar Malami and the British Minister of State for Immigration, Mr. Robert Goodwill.
The Attorney-General of the Federation and Minister of Justice said the agreement underlined the willingness of the countries to continue cooperation in the transparent return of all recovered assets.
“That both countries recognised that they have a mutual interest in ensuring that returned assets are not at risk of being misappropriated again. And that both countries recognised they have obligations toward their own citizens for providing such assurances. That both countries recognised the importance of ensuring that the highest possible standard of transparency and accountability are applied for the return of assets,” he said.
The minister said all funds recovered in the process would be utilised for projects that would impact positively on the lives of Nigerisns.
In his remarks, the British Minister of State for Immigration and leader of the UK delegation, Mr. Robert Goodwill, said the agreement provides a platform which stolen monies could be returned.