Assets Recovery: Nigeria Moves to Reclaim £200m Hidden in U.S.

As Nigeria embarks on a massive recovery of assets belonging to the nation, the federal government has set plans to recover 200 million pounds stashed in the United States.

The Federal Government of Nigeria has said it would recover 200 million pounds stashed in the United States, as it embarks on a massive recovery of assets belonging to the country.

Speaking at the sidelines of the United Nations General Assembly in New York, the Attorney-General of the Federation, Abubakar Malami said: “We are looking at the possibility of recovering further 200m pounds among others but then, that does not mean they are not other associated assets being pursued, in terms of other countries of the world inclusive of Ireland.

“We are pursuing a lot of assets across the globe and then we intend to coordinate further meetings relating to recovery in the United Kingdom which is associated with certain personalities”.

 The AGF said he would not like to further disclose the strategy the federal government will use in making the recovery, but noted that the “government is trying to gather international momentum associated with the processes and procedures, in terms of making things easier for countries to recover assets with ease”.

Speaking on the fight against corruption and illicit financial flow in the country, he emphasized that the government is fully committed to its anti-corruption campaign and by extension spreading its dragnet to those who are in the custody of laundered or stolen funds.

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