Banks With £400bn Nigerian Loots Located In US, Europe - US Group

A UK-based group has claimed that more than £400bn of looted Nigerian money is stashed away in Europe, Asia and America.
President Muhammadu Buhari has recently commented on the steps being taken by
his government regarding the stolen funds :

“Some monies were paid to individual accounts. We are identifying the financial
institutions and countries that are involved.”
According to The Punch, in a fresh development, Africa Secretariat made serious
disclosures and suggested direct ways of recovering the looted amounts.
The group’s coordinator Ben Oguntala on Friday, August 7, spoke on the matter:
“The image President Buhari is projecting is his promise to fight corruption. He cannot
do this alone and it is for this reason that we have sent the president our proposal for
addressing corruption.
“There is over £400bn worth of Nigerian money being fraudulently held in Europe, Asia
and America. When we met with the president on his visit to London (earlier this year),
he asked us to find out how Nigerians in the Diaspora can contribute to the
development of Nigeria and we see fighting corruption as a cornerstone of that change
that Nigeria is leading across Africa.
“The perpetrators thought they got away from the Nigerian law but now, finally, the
law can be extended to bring them to account.”
The official also said that Buhari had been advised to have an anti-graft agency
established in Britain. The body would operate under UK and European legislation, with
the cooperation of experienced international agencies.
“The Nigerian Corruption Amnesty Commission (NCAC) proposal has been suggested
and submitted to the President. It will be headed by one of the most talented lawyers
in criminal law in the world. The commission will be answerable directly to the
president and will be held in the UK, using the UK and European Union laws to target
perpetrators who thought they were out of the Nigerian legal jurisdiction.”
Oguntala further narrated how the NCAC would ensure effectiveness of its work:
“Using social media and the Internet, witnesses will be able to give evidence from any
location across the world, providing evidence of corruption they know. The
commission will also give a window for perpetrators to confess and return their loots
or face the book being thrown at them.
“As part of the confession they give, the commission will demand details of how they
carried out the corruption and the information will be used to plug the loophole in the
commensurate sources in Nigeria to ensure we prevent such graft from happening
again.”
Amid the active anti-corruption moves, the senators of the last government have
accused Buhari and his team of leading a selective anti-corruption war targeted at the
officials of Goodluck Jonathan’s administration. This follows the presidency’s claims
that the probe would not extend to the government of Olusegun Obasanjo . Peoples
Democratic Party chieftains said that it was pure witch-hunting.
Responding to the criticism, Vice President Yemi Osinbajo dismissed the allegations
adding that the current actions were not about the previous government, but “any form
of impunity”.







































Source : Naij.com