HighlightTop Story

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

843

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

House of Reps Flags Unauthorized Changes to Tax Laws

Rep. Abdussamad Dasuki has alerted the House of Representatives to alleged discrepancies...

When a Visa Becomes a Verdict: How America’s New Travel Restrictions Will Punish Ordinary Nigerians

By Olufemi Soneye By any measure, the latest expansion of U.S. travel...

Just In: 4 Onboard as Aircraft Crashes in Owerri

A Cessna 172, registered as 5N-ASR and operated by Skypower Express, crashed...

ADC’s Promotion Blocked After Military Protests, Tinubu Backs Down

President Bola Tinubu has reportedly halted the extraordinary promotion planned for his...

Defensive Woes Haunt Super Eagles in Egypt Friendly Ahead of AFCON 2025

Nigeria’s Super Eagles suffered a 2-1 defeat to Egypt in a friendly...

Gas Supply Issues Cripple National Grid, Power Generation Drops – NISO

By Joycelyn Ellakeche Adah Nigeria’s national electricity grid has experienced a decline...

Fagbemi Hails Supreme Court Ruling on Rivers Emergency, Says It’s a Win for Nigerians

The Attorney General of the Federation and Minister of Justice, Prince Lateef...

Trump Adds Nigeria to Partial U.S. Travel Restrictions as New Ban Takes Effect January 2026

President Trump has expanded America’s travel restrictions, placing Nigeria on a list...

SGF Suspends NAFDAC’s Enforcement on Sachet Alcohol Ban

By Maryanne Awuya The Office of the Secretary to the Government of...

Tinted Glass Policy: NBA Threatens Legal Action Against IG, Police Spokesman

The proposed reinstatement of the motor vehicle tinted glass permit policy continues...

National Energy Survey: REA, NBS Partner to Strengthen Nigeria’s Power Sector Data

By Joycelyn Ellakeche Adah The Rural Electrification Agency (REA) and the National...

Insecurity and Women: FG Unveils Comprehensive Plan for Support and Protection

By Maryanne Awuya As part of efforts to address the impact of...

Just In: Ex-Chief Justice Of Nigeria Tanko Muhammad Exits 2 Weeks Shy of 72

Just two weeks to his 72nd birthday, former Chief Justice of Nigeria...

Dangote Provides Details of NMDPRA CEO’s Alleged $5m Swiss School Fees

Aliko Dangote, chairman of the Dangote Group, has revealed further details of...

My husband believed ‘Aso Rock gossip’ that I plotted his death – Aisha Buhari

Explosive details from former First Lady Aisha Buhari are contained in the...

Dangote-NMDPRA Rift: Reps Intervene, Summon Parties For Explanation

The House of Representatives Committee on Petroleum Resources (Downstream) has stepped in...

Terrorism Financing, Money Laundering Allegations: Probe Driven By ‘Deep-seated Historical Animosity’ – Malami

A former Attorney-General of the Federation and Minister of Justice, Abubakar Malami...

FG Pledges Support for Nigerian Army Modernization and Welfare

The Federal Government has reaffirmed its commitment to the Nigerian Army, promising...

Alleged N2.2bln Fraud: Buhari’s Minister Ngige to remain in Kuje prison till Dec. 18

Justice Maryam Aliyu Hassan of a High Court of the Federal Capital...

Just In: Nigeria’s Inflation Rate Drops to 14.45% in November 2025, Lowest in Five Years

Nigeria’s headline inflation rate has slowed down to 14.45% in November 2025,...