{"id":108216,"date":"2021-11-17T03:48:35","date_gmt":"2021-11-17T02:48:35","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=108216"},"modified":"2021-11-17T03:50:52","modified_gmt":"2021-11-17T02:50:52","slug":"how-we-recovered-looted-billions-from-uk-others-fg","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2021\/11\/17\/how-we-recovered-looted-billions-from-uk-others-fg\/","title":{"rendered":"How we recovered looted billions from UK, others &#8211; FG"},"content":{"rendered":"<p>The Attorney General of the Federation and Minister of Justice, Abubakar Malami, has given insight into how the preventive measures adopted by the Federal Government to check corruption and manage recovered stolen assets had brought about the repatriation of some stolen funds stashed away overseas.<\/p>\n<p>Malami&#8217;s Special Assistant (Media and Public Relations), Dr Umar Gwandu, disclosed this in a statement said such funds included $322.52m from Switzerland, $311.7m from United States, \u20ac5.4m from Northern Island, and \u20ac4,214,017.66 and $200m from the United Kingdom.<\/p>\n<p>Gwandu stated this during the 2021 annual public lecture organised by the Centre for Media and Peace Initiative, New York, United States, on Monday.<\/p>\n<p>According to him, being an Africa Union Champion in the fight against corruption, President Muhammadu Buhari has endeavored to fight corruption in all its ramifications through the legislative framework.<\/p>\n<p>He said outstanding successes recorded by the government in international asset recovery could be a template for other African countries in the fight against graft.<\/p>\n<p><a href=\"https:\/\/www.withinnigeria.com\/news\/2021\/11\/12\/paris-club-refund-malami-backing-consultants-to-fleece-nigerians-of-their-money-fayemi\/\" target=\"_blank\" rel=\"noopener\">Malami<\/a> said, \u201cVarious steps have been taken in terms of legislatives frameworks, establishment of institutions and policy measures targeted at combatting corruption, regional corporation and ensuring good governance for the benefit of citizens.<\/p>\n<p>\u201cIn 2017, the signing of a trilateral agreement with Switzerland and World Bank enabled the recovery of $322.515m.<\/p>\n<p>\u201cIn 2020, a total sum of $311.7m was returned to Nigeria after signing another trilateral agreement with the U.S.A and Bailiwick of Jersey.<\/p>\n<p>\u201cAlso in the year 2020, 5.4 million Euros was recovered in March emanating from an agreement signed with Northern Island.<\/p>\n<p>\u201cThe Federal Government was able to recover from UK the sum of \u20ac4,214,017.66 connected to the family of James Ibori.<\/p>\n<p>\u201cAdditional recoveries to the tune of $200m are being anticipated subject to the settlement of litigations of which the Ministry of Justice is attending to presently.\u201d<\/p>\n<p>Malami said the present government was able to achieve the successes due to the political will, funding, legislations, institutional support, and Executive Orders of <a href=\"https:\/\/www.withinnigeria.com\/news\/2021\/11\/16\/president-buhari-sends-message-to-jonathan\/\" target=\"_blank\" rel=\"noopener\">Buhari<\/a>.<\/p>\n<p>\u201cThe Buhari\u2019s approach to fight against corruption has been one of three cardinal pillars of our campaign promises; the others are economic and security development,\u201d the minister said.<\/p>\n<p>He stressed that Nigeria had taken anti-corruption measures in tackling cybercrime, <a href=\"https:\/\/www.withinnigeria.com\/news\/2021\/11\/08\/just-in-ex-pension-boss-maina-sentenced-to-61-years-imprisonment-for-money-laundering\/\" target=\"_blank\" rel=\"noopener\">money laundering<\/a>, oil bunkering and false assets declaration among others.<\/p>\n<p>The AGF said that the Federal Government had developed the National Anti-Corruption Strategy and a guideline for smooth implementation of the strategy which has five pillars of prevention of corruption, public engagement, ethical re-orientation, enforcement and sanction, and recovery and management of proceeds of crime.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Attorney General of the Federation and Minister of Justice, Abubakar Malami, has given insight into how the preventive measures adopted by the Federal Government to check corruption and manage recovered stolen assets had brought about the repatriation of some stolen funds stashed away overseas. Malami&#8217;s Special Assistant (Media and Public Relations), Dr Umar Gwandu, [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":54953,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[2],"tags":[371,1978,22607,22608,2063,22606],"class_list":["post-108216","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-fg","tag-malami","tag-preventive-measures","tag-recovered-looted-funds","tag-repatriation","tag-stolen-assets"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>How we recovered looted billions from UK, others - FG<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/news\/2021\/11\/17\/how-we-recovered-looted-billions-from-uk-others-fg\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How we recovered looted billions from UK, others - FG\" \/>\n<meta property=\"og:description\" content=\"The Attorney General of the Federation and Minister of Justice, Abubakar Malami, has given insight into how the preventive measures adopted by the Federal\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.withinnigeria.com\/news\/2021\/11\/17\/how-we-recovered-looted-billions-from-uk-others-fg\/\" \/>\n<meta property=\"og:site_name\" content=\"NEWS PICKS \u2014 WITHIN NIGERIA\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/withinnigeria\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/askteekay\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-17T02:48:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-11-17T02:50:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.withinnigeria.com\/news\/wp-content\/uploads\/sites\/5\/2021\/07\/kunlenet07\/2021\/07\/06\/Abubakar-Malami-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adesina .O (Teekay)\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@askteekay\" \/>\n<meta name=\"twitter:site\" content=\"@withinnigeria\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Adesina .O (Teekay)\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/2021\\\/11\\\/17\\\/how-we-recovered-looted-billions-from-uk-others-fg\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/2021\\\/11\\\/17\\\/how-we-recovered-looted-billions-from-uk-others-fg\\\/\"},\"author\":{\"name\":\"Adesina .O (Teekay)\",\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/#\\\/schema\\\/person\\\/5cc909274719300bb0772b5d35681db8\"},\"headline\":\"How we recovered looted billions from UK, others &#8211; 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