UK Set To Repatriate Looted Nigerian Funds– High Commissioner | Independent Newspapers Limited
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UK Set To Repatriate Looted Nigerian Funds– High Commissioner

Posted: Feb 27, 2016 at 6:22 am   /   by   /   comments (0)

The United Kingdom has said it was ready to repatriate the looted Nigerian funds in the UK banks, Mr. Paul Arkwright, British High Commissioner to Nigeria, has said.
Arkwright, who spoke in Abuja, said that the UK Government had no intention of holding onto the money.
He said, however, that there were certain legal requirements that Nigeria had not met to facilitate the funds repatriation.
Arkwright said it was untrue that the UK was not ready to repatriate the money back to the Nigerian Government but that issues around were being discussed.
He did not disclose the amount to be repatriated but said that everything was being done to fast-track the repatriation process.
The envoy said there was the need to extract the commitment of the Federal Government that the money would be judiciously spent when repatriated.