The Minister of foreign Affairs, Geofrrey Onyeama, has disclosed that the Government of Switzerland would transfer a further $300 million in recovered loot from the family of former dictator Sani Abacha.
The minister stated that the Federal Government had been in touch with Switzerland, which he said, had earlier repatriated $700m to Nigeria. He noted that another $300m that was recovered would soon be repatriated to Nigeria.
Onyeama also confirmed that the Federal Government was in discussion with the United Kingdom, the United States, among other foreign governments around the world, on how all looted funds could be recovered.
He said, “We are in touch with Switzerland; they have recently recovered quite a significant amount of money and I met last week with Swiss representatives to work out the modality for the repatriation of the funds.
“The Swiss government has already repatriated over $700m from (the late Gen. Sani) Abacha loot and that agreement has been reached on how the money would be applied.
“They have also now recovered in the same context another $300m of which there is ongoing discussion to have that repatriated as well. There are discussions with other countries; United Kingdom for instance, as you all know, is one of the countries we are discussing with on how to recover looted funds.
President Buhari, has received alot of goodwill and trust from the international community, and as such the Government of these countries are willing to assist Nigeria in recovering stolen funds.