Chinwe Ndubeze, CISLAC Consultant, said this at the presentation of a report on Anti-money Laundering, titled: “Nigeria’s Dirty Money and Real Estate: How Money Laundering through Real Estate Impacts Nigeria’s Fight against Corruption,” in Abuja on Tuesday.
Browsing: stolen funds
Acting Chairman, Economic and Financial Crimes commission, Ibrahim Magu, has appealed to the British Government to help Nigeria repatriate the country’s stolen money stashed away in banks in UK.
President Muhammadu Buhari on Monday welcomed the support of the Italian government to help recover and repatriate illegally deposited Nigerian assets in foreign countries.
Young said that the repatriation of the stolen funds was a “systemic effort that would take time”, adding that there were legal obligations that had to be met
Presenting the budget on the floor of the Niger State House of Assembly, Bello said the 2016 budget is expected to be financed through Statutory allocation estimated at N35,792,212,748.00, Value-Added Tax of N9,871,299,803.00, Internally Generated Revenue of N9,391,164,235.00 and Capital receipts N19,689,474,347, bringing the total to N74,744,151,133.00
According to him, some people have returned stolen monies but their names will not be made public as they are assumed innocent until they are found guilty by the courts
He urged the UN to urge member states to use the necessary instruments to mobilise funds that had been stacked away in foreign banks by previous administrations
President Muhammadu Buhari disclosed on Monday in Abuja that his administration has taken efforts to recover looted Nigerian funds a…