The Federal Government has started tracing looted Nigerian funds to foreign nations with the aim of recovering and repatriating them.
The Federal Government specifically targets the United States, the United Kingdom, France, Switzerland and other European jurisdictions where it believes corrupt officials have been stashing public funds.
This move came on the heels of the declaration by President Muhammadu Buhari on his first day in Aso Villa office that he inherited an almost empty treasury from his predecessor, Dr. Goodluck Jonathan, thus vowing that his administration would recover all the looted funds stashed in foreign banks by corrupt Nigerians.
Some of the countries where looted funds from Nigeria have been kept in the past include Liechtenstein, Luxembourg, Switzerland, the United Kingdom and the United States. Others are France, Germany, British Virgin Islands and other tax havens spread across the globe.
Adesina, who confirmed the move said that the search for the looted funds will not be limited to these countries but anywhere in the world where they may be hidden.
The Federal Government’s investigation will identify the individuals who engaged in corrupt practices and ascertain the sums of money involved with a view to repatriating them.
It was gathered that anti-corruption agencies will play a prominent role in the exercise targeted at corrupt government officials in the recent past administration and their private sector collaborators, among others.
To this end, Adeniyi told that the Federal Government is planning to engage the services of foreign private investigators to help trace and find looted funds belonging to the people of Nigeria.
Source: The Punch