Nigeria's Vice President Prof. Yemi Osinbajo SAN, says the Federal government is working to develop a framework on how to manage the $321m stolen funds from Nigeria under late Gen. Sanni Abacha's military government.
The V.P disclosed this as the Nigerian government welcomed the offer of the Swiss government to return the stolen funds, at the Presidential Villa, Abuja, on Tuesday, March 8, 2016, during a meeting with a Swiss delegation led by the Swiss’s Federal Councillor and Head of its Foreign Affairs Department, Mr. Didier Burkhalter and the Swiss Ambassador to Nigeria, Mr. Eric Mayoruz.
An agreement described as a “Letter of Intent” between the Swiss government and the Nigerian government on the restitution of illegally-acquired assets forfeited in Switzerland, was signed by Nigeria's Attorney-General and Justice Minister, Mr. Abubakar Malami, SAN, while Mr. Burkhalter signed the letter on behalf of the Swiss government.
Under the agreement the Swiss government will award to Nigeria the sum of $321m “of funds illicitly acquired by the Abacha family, initially deposited in Luxembourg and confiscated by the Judiciary of the Republic and Canton of Geneva pursuant to a Forfeiture order dated 11th December 2014.”
No comments:
Post a Comment