Buhari’s Visit: US Finalises Repatriation Of $500m To Nigeria

The visit of President Muhammadu Buhari to U.S. President Donald Trump

has yielded the finalisation of negotiations to repatriate more than

500 million dollars (about N190b) of Nigeria’s looted money traced to

the U.S.

 

Nigeria’s Attorney-General and Minister of Justice, Abubakar Malami,

told journalists in Washington, DC, that he and the Attorney-General

of the U.S. would finalise the agreement in meeting.

 

Malami explained that the technicalities involved were being taken

care of by both officials of the Nigerian Governments and also from

the U.S. side.

 

He said: “On the part of assets recovery,  we have made considerable

progress through this visit.

 

“There’s goodwill by the two presidents to have a road map for the

repatriation of illicit funds and assets traced to the U.S. as

proceeds of illicit transactions.

 

“This illicit funds and assets are to the tune of 500 million dollars

and above for immediate repatriation.

 

“We are looking at the shortest practicable time for it to be repatriated.

“There is political commitment demonstrated by the two presidents.

 

“The over 500 million dollars is not all the recovery, it is only for

the immediate repatriation while we continue with our efforts to

recover more”.

 

Malami defended Nigeria’s human rights record, saying the Buhari’s

administration is the first in the history of Nigeria to pay

compensation for human rights violations.

 

He said in April, the Federal Government paid N135 million for the

eight Apo traders who were found to have been victims of extra

judicial killings by the Nigeria Police.

 

“Of the police officers indicted, two were sentenced to death. The

payment of compensation was also as a result of the recommendation by

the National Human Rights Commission and government did not appeal

against it,” he said.

 

He noted that Trump approved of what Buhari’s administration is doing.

 

“Trump said Buhari is a great leader; he said he has a great respect

for him; and he said Buhari has cut down on corruption,” Malami said.