The House of
Representatives on Thursday moved to recover $458 million looted in Nigeria and
forfeited to the United States government.
The House has
therefore resolved to interface with the Attorney General of the Federation and
the Minister of Justice, Abubakar Malami, to meet the U.S Congress members who
initiated the move for repatriation of the fund back to Nigeria.
The House
pledged its readiness to assist in repatriating the country’s looted funds back
home.
The resolution
was sequel to the passage of a motion of urgent national importance sponsored
by Hon. Johnson Agbonaye Inma on the floor of the House.
The lawmaker
while moving the motion said in 2013, as part of its Kleptocracy Asset Recovery
Initiative, the United State Department of Justice commenced forfeiture
proceeding to confiscate $550 million that had been corruptly obtained.
“A portion of
the loot valued at $458 million that belongs to Nigeria had now been forfeited
to U.S by a judgement of the district court for the District of Columbia,”
Agbonaye Inma said.
According to
him, in August 2014, following assets traced by U.S Department of Justice in
conjunction with counterparts in the United Kingdom and France, properties were
discovered to be proceeds of corruption originated from Nigeria.
The U.S
Department of Justice, the lawmaker said, had confiscated and returned over
$168 million to victim nations. Thenation
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