Nigeria expects more looted funds from Switzerland –Yar’Adua
By Ihuoma Chiedozie, Abuja
Published: Friday, 13 Feb 2009
President Umaru Yar’Adua, on Thursday, said that Nigeria and Switzerland were working on the repatriation of other batches of looted funds to the country from the European country.

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President Umar Musa Yar‘Adua

The President disclosed this while receiving the Letters of Credence of the new Ambassador of Switzerland to Nigeria, Mr. Andreas Baum, at the State House.

Yar’Adua commended the Swiss government for cooperating with the Federal Government in the repatriation of the first batch of the looted funds.

He also praised the commitment of Switzerland to the promotion of universal human rights and called for the enhancement of the current bilateral relationship between both countries.

The new Swiss Ambassador described Nigeria as a very active “multilateral actor,” especially in the area of global peacekeeping.

Baum also praised the Yar’Adua administration’s commitment to the promotion of good governance through the institutionalisation of the rule of law.

He noted that his country had cooperated with Nigeria to return looted funds in order to send a clear message that Switzerland “is no longer a refuge for stolen wealth.”

Yar’Adua, at a separate event on Thursday, also received Letters of Credence from the new Jamaican High Commissioner to Nigeria, Mr. Robert Miller.

At the event, the President said that a direct air link between Nigeria and Jamaica would open up and improve trade and cultural cooperation not only between the two countries, but also other countries in the region.

Yar’Adua assured the new Jamaican envoy that the issues of Bilateral Air Services Agreement and Joint Commission between both countries would be given urgent attention.

Miller, who is serving in Nigeria for the second time, described the country as “the richest in potential for greatness in Africa.”

He thanked Nigeria for sending nurses to Jamaica under the Technical Aids Corps programme.

Miller also called for expanded bilateral ties beyond oil transactions under the auspices of the proposed BASA and the reactivated Joint Commission.


http://www.punchng.com/Articl.aspx?theartic=Art2009021223373895

So whats the big deal? The funds will only get looted again from the Nigeran Treasury and find its way back to Switzerland in other Politicians banks accounts

Yeah its the looting circle

Good news. But God please touch the hearts of our politicians to stop looting. Our pensioners are dying because of nonpayment of pension. Please, may the labour of our heroes past never be in vain.

another cake to be shared, useless politicians

The Swiss should be prosecuted for hiding stolen money.

dua yara,
pls leave that money there for the looter.
in fact give all looted funds back to their looters because they have not changed anything since we started hearing of these recoveries.
obj and ribadu claimed to have recovered a lot of billions yet our problems keep increasing so better u don't start recovering.

The Swiss should be prosecuted for hiding stolen money.

@FBI abi na FBS, You are welcome to lead the prosecuting team

I will like to know how much has been recovered so far and where is the fund and what they have done with it if any, or what are the plans for the recovered loot

Fhemmmy:

I will like to know how much has been recovered so far and where is the fund and what they have done with it if any, or what are the plans for the recovered loot

Are you serious - This must be the biggest joke of the century

Fhemmmy:

I will like to know how much has been recovered so far and where is the fund and what they have done with it if any, or what are the plans for the recovered loot

Sir, Nobody knows

Fellow NL, you should thank your stars for hearing this information. The next you will hear is that the money has been recieved by Nigeria but whereabout of fund is unknown. Just keep watching.