What Nigerian Officials Stole, Kept In US Is More Than $308million Which America Agreed To Return – Minister Seeks More Repatriation

This he said while appealing to the United States of America to repatriate more illicit funds transferred from Nigerian officials through its banking system.

The Nigerian government has promised that repatriated illicit funds would be allocated to infrastructure development, focusing on projects in vital sectors requiring substantial investment.

The Minister of Foreign Affairs, Yusuf Tuggar, made this known at the 6th Session of the Nigeria-US bi-national commission in Abuja on Monday.

This he said while appealing to the United States of America to repatriate more illicit funds transferred from Nigerian officials through its banking system.

Ambassador Tuggar, who was represented by the Permanent Secretary, Ministry of Foreign Affairs, Adamu Lamuwa reiterated the Nigerian government’s commitment to utilising the funds for the collective benefit of its citizens, in line with agreements with development partners.

He emphasised the need for increased support from the US, citing $308million as insufficient compared to Nigeria’s losses from illegal fund transfers over the years.

He added that the funds would be allocated to infrastructure development, focusing on projects such as roads, schools, education, and other vital sectors requiring substantial investment.

He said, “I would like to appreciate the fallout of the Democratic National Convention held in February 2020 in Washington, DC. The governments of Nigeria, the United States, and Jersey signed a tripartite agreement to return to Nigeria the sum of over $308 million of funds stolen from the country.

“I would also urge the U.S. to do more because $308million is a meagre amount when you look at the resources that Nigeria has lost over the years due to illegal transfers of funds from the country.

“The Nigerian government has committed to using these funds for the benefit of all Nigerians, as agreed with development partners. These funds are aimed at developing infrastructure, particularly projects in roads, schools, education, and other sectors of the economy that require this substantial return.”

Lamuwa emphasised that the theme for this year, “Partnership for Mutual Benefit and Development,” held particular relevance and timeliness given the pressing need for such collaboration.

He added that as two major democracies, bolstering ties between the countries would hold promise for an even more robust partnership, fostering peace, prosperity, and advancement in Africa.

https://saharareporters.com/2024/04/29/what-nigerian-officials-stole-kept-us-more-308million-which-america-agreed-return

Nlfpmod

Only tinubu dashed $400k to the US government when his heroine trafficking ring was bursted back then in Chicago.


Do you know how much that is worth now?


308million is an understatement

Nigerian are a bit sick, or brainwashed to believe they can't invest their money in Nigeria, imagine what that money would do for one state .... Invest in people, you can start with your family if you like and let them sign agreement to return the money .. they don't even need to know you are the one, you just recommend them to a firm and in ten years even if no one says "thank you" , you would have recover the money and impact lives ... Of course no body would be coming to your door sha which is okay ...better than you not benefitting, your family not benefitting, your state not benefitting, your country not benefitting...Just stacking idle money abroad is mental illness..

Wherever there is corruption, nigeria must be mentioned

Cindypresh:

Only tinubu dashed $400k to the US government when his heroine trafficking ring was bursted back then in Chicago.


Do you know how much that is worth now?


308million is an understatement

Obi hid $15 million Dollars in the British Virgin Islands as reported by the Pandora leak.

Shame.

Golan007:


Obi hid $15 million Dollars in the British Virgin Islands as reported by the Pandora leak.

Shame.

Tinubu was also fingered in the pandora leak for $100m third party loot

Shame

Cindypresh:


Tinubu was also fingered in the pandora leak for $100m third party loot

Shame

I dare your father to publish without altering any publication where Bola Ahmed Tinubu's name was indicted in the Pandora leak.

I dare your father .

kleptomaniacs

Golan007:


I dare your father to publish without altering any publication where Bola Ahmed Tinubu's name was indicted in the Pandora leak.

I dare your father .

You'll dare your mother soon