CorruptionNigeria seeks help to recover looted funds
Nigeria’s Acting President Yemi Osinbajo said Monday that the administration had a duty to trace all funds looted from the country as well as “call out” countries and foreign financial institutions found not to be cooperating with its effort to repatriate such funds. Speaking at a conference in capital Abuja on the return of recovered assets and combating illicit financial flow through intergovernmental cooperation, Osinbajo said stolen assets and funds remained a phenomenon because many countries and financial institutions helped the perpetrators. “There is no way this [illicit] transfer of assets can happen without a handshake between the countries that they are transferred and the international banking institutions in the countries in which they are transferred, there is no way it will happen without some form of connivance,” he said.
Source: http://aa.com.tr/en/africa/nigeria-seeks-help-to-recover-looted-funds/83…