UK says it’s ready to recover Nigerian stolen funds

UK says it’s ready to recover Nigerian stolen funds

- UK envoy gives conditions for returning Nigerian stolen funds

- Buhari is invited for anti-corruption summit in London

United Kingdom has stated that it is working with the Nigerian government for recovering looted funds.

Paul Arkwright, the British High Commissioner to Nigeria, has said that the UK government had no plan to keep the money.

Meanwhile, he added that there are certain legal requirements that Nigeria had not met to ease the recovering of the money.

We (UK) have no intention of holding onto Nigerian funds, they belong to the Nigerian people and they should be returned to the Nigerian people,” he said.

READ ALSO: Buhari says some looters returning stolen money

“Clearly, there are legal requirements that we have to meet. We are working with the Nigerian government to see what we can do to return those funds.

“They (money) will be returned, there is absolutely no doubt about it,” he said.

Arkwright denied revealing the exact amount to be sent to Nigeria. He clarified that everything was being done to fast-track the repatriation procedures.

The Prime Minister’s anti-corruption summit will be held in May; we are hoping that President Muhammadu Buhari will attend that anti-corruption summit in London.

“We expect that there will be some further news on how we can accelerate that process of repatriating the funds.

“I think we have no intention of holding onto this money, despite some of the reports in the press,” the British official said.

We need to make sure that the money is well spent when it returns to Nigeria. We need to make sure that we can do that in a proper way, which is fully in compliance with the British law,” Arkwright added.

READ ALSO: Buhari tracks stolen funds to US, UK, Switzerland

Buhari, who was sworn in in May 2015 after winning the presidential poll, pledged that his government would end widespread corruption in the country and would recover stolen funds.

In a recent trip to the United Arab Emirates, the Nigerian president signed an agreement with the Arabian peninsula on repatriation of stolen funds and extradition of culpable officials.


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