HighlightTop Story

Repatriation of Corruption Proceeds: We are working with US government, says VP

369

The Vice President Yemi Osinbajo Monday disclosed that Nigeria has reached out to the US government to step up its assistance in ensuring that corrupt officials don’t get a safe haven abroad for their loot.

“we have reached out to the US government with respect with helping with repatriation of proceeds of crime and proceeds of corruption.”

Osinbajo said that both countries were working on a prompt repatriation of the funds during the visit of a US Congressional Delegation to the Presidential Villa.

“We have worked quite closely with the US government on repatriation of funds, we have seen some results”, adding that the Federal Government is hoping for more improvement in the process.

“We think that this is very important because what tends to happen with corrupt public officials is that if they are able to find a safe haven for the proceeds of their criminality, not only are they encouraged as individuals but there is the general feeling that if I am able to get the proceeds out of the country I might just get away with it,” the Vice President said.

According to Prof. Osinbajo, who was appreciative of the support given by the US so far said the Buhari administration regarded “corruption is an existential threat” that must be dealt with at its root.

According to him, “this is one of the reasons why we have taken several actions to ensure that we are able to deal with it because some of the major dislocations in the economy are on account of the problems that we have seen with corruption.”

He said the Buhari presidency’s strategy which is one of “the most effective ways of fighting corruption is ensuring that these proceeds are unsafe and for people to know that they would be found out and they would be punished for it and we would seize whatever profit they had gain.”

On the return of the Chibok girls, the Vice President said, “it is a front burner issue for us all the time, there is no question of not continuing to negotiate and looking for the girls.”

He expressed gratitude to God for the hope that the girls are still alive and would be released, noting that “negotiations were continuing and government would keep looking for the opportunity to bring them back.”

The Vice President thanked the US government for its recent decision to sell Super Tucano aircrafts to Nigeria to aid its fight against insurgency in the North-East.

Sen. Christopher Coons who led the delegation said the visit was to reaffirm the relationship between Nigeria and the United States, noting that the US has “an enduring enthusiasm and partnership with Nigeria.”Other members of the Congressional delegation include, Sen. Gary Peters, Sen. Jeff Merkley, Sen. Michael Bennet, Rep. Lisa Blunt Rochester, Rep. Terri Sewell, Rep. Charlie Dent, Rep. Barbara Lee and Rep. Frederica Wilson. They were accompanied by the US Ambassador to Nigeria, Stuart Symington.

Also in attendance were the Minister of Foreign Affairs, Mr Geoffery Onyeama, Minister of Agriculture, Chief Audu Ogbeh, the National Security Adviser, Maj. Gen. Babgana Monguno, and the Chief of Air Staff, Air Marshal Sadique Abubakar.

Leave a comment

Related Articles

First Bank changes its name to First Holdco Plc, brand name to FirstHoldco

First Bank of Nigeria (FBN) Holdings Plc is to change its name...

Breaking: APC’s Aiyedatiwa in landslide victory, wins all 18 LGAs in Ondo guber poll

The All Progressives Congress Candidate, Gov. Lucky Aiyedatiwa, has swept the 2024...

APC clears 20 Ogun council chairmanships, 236 councillor seats in Saturday’s poll

The All Progressives Congress (APC) has swept all the 20 local government...

Gusau Hails Edo Queens CAF Women’s Champions League Semifinal Feat

Nigeria Football Federation (NFF) President Ibrahim Musa Gusau has praised Edo Queens’...

#OndoDecides2024: Just in: APC’s Ayedatiwa leads in 15 LGs out of 18

Mr. Lucky Ayedatiwa, Ondo Governor and candidate of the All Progressives Congress,...

Horror: Former Ogun councillor shot in the head on bike

Suspected cultists killed Mutiu Akinbami on Friday, a former councillor in the...

Breaking: Ademola Lookman ruled out of Rwanda clash due to injury, returns to Italy

Ademola Lookman’s injury has dealt a blow to Nigeria’s Super Eagles ahead...

Crude oil thieves now use SUVs to beat security operatives – Rivers NSCDC

A new method of stealing crude oil and transporting illegally refined petroleum...

Ondo poll: DSS busts vote buyer, two bags stuffed with money found in car’s trunk

An alleged vote buyer, who was in possession of two “Ghana-must-go bags”...

Just in: Southwest plane with 99 passengers on board struck by gunfire in US

A Southwest Airlines plane was reportedly struck by gunfire at Dallas Love...

Ogun council poll: PDP flays delayed distribution of election materials, two result sheets per polling unit

The People’s Democratic Party (PDP) in Ogun State expressed concerns on Saturday...

Ondo guber poll: Aiyedatiwa votes, says exercise peaceful, PDP raises alarm over thugs invasion

As the Ondo State governorship election kicks off on Saturday, Gov. Lucky...

Few hours to Ondo gov. poll: INEC replaces Ebiseni for Festus as LP’s candidate

Bowing to the recent judgment of the Court of Appeal, the Independent...

Nwabali excused from Rwanda clash due to father’s death

MNigeria’s Super Eagles will face Rwanda’s Amavubi on Monday without first-choice goalkeeper...

Updated: Tinubu confers CFR on late COAS Lagbaja, hands it over to widow

President Bola Tinubu has conferred a posthumous national honour on the late...

Exclusive: CAF’s disciplinary action against Libya: Wake-up call for Africa—Rwanda FA VP

“We must learn from what happened to Libya, and this is a...

Late COAS Lagbaja buried in Abuja amid tears, tributes

Amid tears and tributes, the body of the late Chief of Army...

Just in: Tinubu confers CFR on late COAS Lagbaja

President Bola Tinubu has conferred a posthumous national honour on the late...

Misconduct: NJC recommends two judges retirement, suspends two others

The National Judicial Council, led by Chief Justice of Nigeria, Justice Kudirat...

Supreme Court upholds EFCC’s legitimacy, dismisses governors’ suit

The Supreme Court has dismissed a suit filed by 16 states challenging...