Saturday, 02 November 2024

UK Repatriates £70m To Nigeria, Pledges To Return More Loot Featured

e United Kingdom has returned the sum of £70 million recovered from a Nigerian who was convicted of fraud in an Italian court.

British High Commissioner to Nigeria, Mr Paul Arkwright, revealed this while addressing reporters in Abuja, the nation’s capital.

 

He said, “There was an Italian court case with a particular person involved. A portion the fund has been in the UK and that was the portion that was returned recently from the UK to Nigeria. So, it’s in that context that the 70 million (pounds) was returned.”

Mr Arkwright, however, refused to disclose the identity of the Nigerian involved in the offence.

He said more funds would be repatriated, stressing that his country was working with the Nigerian government to accelerate the legal process of returning the looted money.

“The British government has no intention of keeping one kobo of Nigerian funds in the UK,” said the diplomat. “It all must come back to Nigeria.”

He added, “Just as in Nigeria, the UK feels that the judicial process is important, and we have to go through those processes before the money can be returned.”

Arkwright also confirmed that British Prime Minister Theresa May will visit Nigeria as part of her visit to Africa.

May is expected in Nigeria on Wednesday.

Read 330 times Last modified on Monday, 27 August 2018 21:37
Rate this item
(0 votes)

News Letter

Subscribe our Email News Letter to get Instant Update at anytime

About Oases News

OASES News is a News Agency with the central idea of diseminating credible, evidence-based, impeccable news and activities without stripping all technicalities involved in news reporting.