Over £400bn worth of Nigerian money is being stashed away in Europe, Asia and America, says a group, Africa Secretariat.

Currently, President Muhammadu Buhari is seeking the assistance of the United States and European countries to recover looted Nigerian funds kept in foreign banks.

Coordinator of the United Kingdom-based group, Mr. Ben Oguntala, told SUNDAY PUNCH on Friday that his group had suggested ways of recovering the looted funds to President Buhari.

He said, “The image President Buhari is projecting is his promise to fight corruption. He cannot do this alone and it is for this reason that we have sent the President our proposal for addressing corruption.

“There is over £400bn worth of Nigerian money being fraudulently held in Europe, Asia and America. When we met with the President on his visit to London (earlier this year), he asked us to find out how Nigerians in the Diaspora can contribute to the development of Nigeria and we see fighting corruption as a cornerstone of that change that Nigeria is leading across Africa.

“The perpetrators thought they got away from the Nigerian law but now, finally, the law can be extended to bring them to account.”

According to Oguntala, an anti-corruption agency which will be established in Britain has been suggested to Buhari.

“The Nigerian Corruption Amnesty Commission proposal has been suggested and submitted to the President. It will be headed by one of the most talented lawyers in criminal law in the world. The commission will be answerable directly to the President and will be held in the UK, using the UK and European Union laws to target perpetrators who thought they were out of the Nigerian legal jurisdiction,” he said.

The proposed commission, Oguntala noted, would invoke the powers of UK’s Bribery and Corruption Act of 2010 and its EU and US equivalent, in collaboration with the Serious Fraud Office and the Metropolitan Police and international fraud agencies that already have names of those that defrauded Nigeria on their radar.

The NCAC will also allow Nigerians in the Diaspora and their country to give evidence to the commission.

Oguntala added, “Using social media and the Internet, witnesses will be able to give evidence from any location across the world, providing evidence of corruption they know. The commission will also give a window for perpetrators to confess and return their loots or face the book being thrown at them.

“As part of the confession they give, the commission will demand details of how they carried out the corruption and the information will be used to plug the loophole in the commensurate sources in Nigeria to ensure we prevent such graft from happening again.”




www.punchng.com/news/nigerias-looted-400bn-in-europe-asia-uk-group/?utm_source=twitterfeed&utm_medium=twitter

They don milk dis country dry o.
God help us o.
PMB please bring back our money
and let us know what you will do with the money sir.


In the meantime

check this thread and help me on this

https://www.nairaland.com/2483122/how-join-red-cross-society

£400bn? Maaaan that's a lot of suya!!

We'll recover every single looted penny from those heartless thieves.If they like make them sick/use crutches/act madness,That one won't prevent PMB from doing his job.Once they shove them in prison,their madness will disappear kia.

After people will say introvert dosent sleep. who is posting topic at 3am and who are those commenting.

I have a feeling that the amount stolen is bigger than this because actually, for over 3 decades, it was more or else a competition between different blocks of kleptomanaics as to who will 'over-loot' the other. . . Whenever the actual level of the heist that happened here since the Okotie-Eboh era is made public, several Nigerians must have succeded in turning Ferdinand Marcos into a saint. . We are surely going to find a lonely spot in that Guiness book of records. .

I support every move to recover all the funds looted from the country but am absolutely against the idea of creating another anti corruption agency to be domiciled in Britain for this purpose. We have enough anti corruption agencies in Nigeria and we don't need to start creating new ones in every country where looted funds are alleged to be kept. The Nigeria Police, EFCC, ICPC and Nigeria embassy can work together with security agencies in these countries to recover the monies. We don't need to establish another bureaucratic Nigerian corruption amnesty commission in Britain to be able to recover stolen funds.

owobokiri:
I have a feeling that the amount stolen is bigger than this because actually, for over 3 decades, it was more or else a competition between different blocks of kleptomanaics as to who will 'over-loot' the other. . . Whenever the actual level of the heist that happened here since the Okotie-Eboh era is made public, several Nigerians must have succeded in turning Ferdinand Marcos into a saint. . We are surely going to find a lonely spot in that Guiness book of records. .

If we are to determine the amount stolen in 3 decades, no Nigerian will be safe anywhere in the world again.
You will start seeing a lot of deportation.

The only way to get any succour for those looted funds is to first identify the looters and do the Jerry Rawlings style on them.

All this money you are looting , there is god oo

Hmm.... Looting competition here and there!

Not even $150bn? Kai it is well

problem with collecting the money in democracy is that corruption will fight back with lawsuits and terrorism.even military ruler can't get ppl that are in exile underground. I wish buhari can convince them to invest the money back in Nigeria instead of chasing them underground. imagine what 400 bn pounds (120 trn naira) infusion into naija s economy. will do (palm oil, tractors, trains, housing, factories, etc)

??/

INTROVERT:
After people will say introvert dosent sleep. who is posting topic at 3am and who are those commenting.

If you sleep, perhaps you won't be awake by 4:15am to complain about others complain.

UK and US has succeeded in exonerating themselves and pointing us the way of their rivals.

This game is not ending soon

Kai! But seriously these guys have done evil to this country and Nigerians, I'm pretty much sure what was taken out of his country is in excess on that, what a blessed nation we are but corruption has killed us

INTROVERT:
After people will say introvert dosent sleep. who is posting topic at 3am and who are those commenting.

Those are the people that want to push you down by all means. They are doing vigil for you.

Definitely more than that and it started in 1960

jomoh:


If we are to determine the amount stolen in 3 decades, no Nigerian will be safe anywhere in the world again.
You will start seeing a lot of deportation.

The only way to get any succour for those looted funds is to first identify the looters and do the Jerry Rawlings style on them.

Buhari has not done the 'Jerry Rawlings style' and wailers are already calling him a dictator. Some even call him terrorist. What will they call him if he orders the death of corrupt persons? The fact is, this is 2015 and the outcry that doing the jerry rawlings style will generate all over the world will be too much. The best bet still remains to recover the looted funds from them and send them to long jail terms after proper trials.

Stupid British

.

This kind news don tire me sef! You know where it is, Go and bring it back now!



This administration self!

Corruption is perhaps the primary reason for Nigeria's underdevelopment. Imagine the amount of infrastructure and development all the stolen funds would have achieved for the country if put to judicious use? ?

INTROVERT:
After people will say introvert dosent sleep. who is posting topic at 3am and who are those commenting.

lalasticlala

[size=20pt]Wait so it's no more US its now Europe...
Soon it will be China, Russia, Brazil and Japan,
Matter of fact the whole world is fat on Nigeria's looted wealth.

DECEPTICONS!!!!![/size]

After them collect these money back,e no go kuku touch the masses hand,dem jes dey shout for notin... Mtcheeew. In politics...we fight for our pockets. Dat wether Buhari "sai" or "north". We play politics.#i'm-not-a-politician.

Only in Nigeria that missing billions don't have value or a mere looting... This country is finished!!..

seunmsg:


Buhari has not done the 'Jerry Rawlings style' and wailers are already calling him a dictator. Some even call him terrorist. What will they call him if he orders the death of corrupt persons? The fact is, this is 2015 and the outcry that doing the jerry rawlings style will generate all over the world will be too much. The best bet still remains to recover the looted funds from them and send them to long jail terms after proper trials.

You don't seem to get what am saying. To try and probe 3 decades will be impossible even for a developed economy to pull off. The best bet will be to go the Jerry Rawlings way.

Since Jerry Rawlings way is not possible this present generation then we cannot then we might as well forget about the 3 decades and treat the immediate past.

Omg!!! 400billion pounds Omo see money chei
God please let these corrupt politicians be dealt with accordingly



In other news,order your football jerseys
https://www.nairaland.com/2447345/2015-2016-new-jerseys-available/2

Hmmmm and what do they mean by forming a CORRUPTION AMNESTY COMMISSION in UK. A foreign ICPC or EFCC...you think Buhari will listen to that fraudulent group when he is already side-tracking the anti corruption commissions on home soil.

Pdp-piss,tribulations and ebola be upon them everywhere they are.