Buhari Seeks Obama’s Help To Recover $150b Loot | Independent Newspapers Limited
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Buhari Seeks Obama’s Help To Recover $150b Loot

Posted: Jul 21, 2015 at 10:06 am   /   by   /   comments (0)

Nigerian President Muhammadu Buhari is asking President Barack Obama to help locate and return $150 billion believed to have been stolen by corrupt officials.

Buhari, who is meeting Obama during a visit to the U.S. capital, made the call in an opinion article published Monday in the Washington Post.

Kerry and Buhari

Kerry and Buhari

“The fact that I now seek Obama’s assistance in locating and returning $150 billion in funds stolen in the past decade and held in foreign bank accounts on behalf of former, corrupt officials is a testament to how badly Nigeria has been run,” he wrote. “This way of conducting our affairs cannot continue.”

Buhari, who took office on May 29 after defeating Goodluck Jonathan in the March elections, pledged during his campaign to clamp down on graft, including the oil industry that provides Africa’s biggest economy with about two-thirds of government revenue and 90 percent of export earnings.