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Home Business News

Nigeria’s Stolen Funds Are “Everywhere”

Editor by Editor
January 27, 2016
in Business News
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Nigeria’s stolen funds are not only found in Europe but all over the world. This was a statement made by the Head of the EU Delegation to Nigeria, Michael Arrion.

He said this in Abuja, at a press conference where he pledged the EU’s support to the Buhari’s administration’s drive towards the recovery of Nigeria’s looted funds.

According to Arrion, “Nigeria’s stolen funds are not only in Europe; they are everywhere. So we are happy to see that President Muhammadu Buhari went to UAE to discuss the repatriation of stolen wealth.

“We welcome any form of cooperation in the judicial , the police cooperation that Nigeria wants to have with EU member-states,” he said.

“There have been cases of abandoned corruption trials in the past, so there is nothing wrong with the executive making statement on expeditious trial of corruption cases. “But prosecution must be within the ambit of the Rule of Law,”

The envoy announced that the EU is supporting the fight against corruption in Nigeria through a 35 million Euros project being implemented nationwide by the UN Office on Drug and Crime.

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  • Aradel upgrades Chairman’s annual pay to $68,750, reveals new sitting allowance and Directors’ fees 
  • Early flier, FirstHoldco reports N169.6 billion pretax profit in Q2 2025  
  • AfDB commits $1.2 million for Nigeria’s battery energy storage feasibility study 

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Aradel Holdings profits soar 5 folds to N259 billion in 2024

Aradel upgrades Chairman’s annual pay to $68,750, reveals new sitting allowance and Directors’ fees 

July 30, 2025
First Bank

Early flier, FirstHoldco reports N169.6 billion pretax profit in Q2 2025  

July 30, 2025
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