Monday, 11 January 2016

Switzerland to refund $300m to Nigeria

  Image result for swiss bank Image result for The Minister of Foreign Affairs, Geoffrey Onyeama

The Minister of Foreign Affairs, Geoffrey Onyeama, on Monday, assured Nigerians that negotiations are ongoing with a number of countries on modalities for the repatriation of some of the funds that were stolen and stashed abroad.

The minister stated that the Federal Government is in touch with Switzerland, which he said had repatriated  $700m, noting that another  $300m that was recovered would soon be repatriated to Nigeria.
Speaking in an interview with journalists in Abuja, Onyeama stated that the FG was in discussion with  the United Kingdom, the United States, among other foreign governments on how all looted funds could be recovered.
He said, “We are in touch with Switzerland; they have recently recovered quite a significant amount of money and I met last week with Swiss representatives to work out the modality for the repatriation of this fund.

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