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We’re Working With US To Repatriate Abacha’s $300m Loot, Buhari Assures

President Muhammadu Buhari, yesterday, said the country is working closely with the United States to repatriate the $300million stacked in that by the late despotic leader, Gen Sani Abacha.
In his Independence broadcast, yesterday morning, Buhari, said his administration was committed to installing a culture of good governance and that it had fought against corruption, by investigating and prosecuting those accused of embezzlement and the misuse of public resources.
He said the Federal Ministry of Justice was working with the US Department of Justice to conclude a Memorandum of Understanding (MoU) to expedite the repatriation of the Abacha funds.
“Furthermore, we partnered with our friends abroad to combat tax evasion, smuggling, terrorism and illicit financial flows. In June 2018, I assented to the Mutual Assistance in Criminal Matters Act, to provide a domestic legal framework for obtaining international assistance in criminal matters.
“This measure has already strengthened our law enforcement agencies in obtaining evidence, investigating suspects and facilitating the recovery, forfeiture and confiscation of property implicated as proceeds of crime.
“An example is the $300million recently identified as part of the Abacha money-laundering case, working closely with the Government of the United States of America. The Federal Ministry of Justice is working with the US Department of Justice to conclude a Memorandum of Understanding to expedite the repatriation of these funds,” he said.
Buhari added that “We have empowered teams of prosecutors, assembled detailed databases of evidence, traced the proceeds of crimes and accelerated the recovery of stolen funds.”
The president added that his administration had introduced institutional reforms to enforce the Treasury Single Account (TSA) policy, introduce the Whistle-blowers’ Initiative, expand the coverage of the Integrated Payroll Personnel and Information System as well as the Government Integrated Management Information System, which had saved billions of Naira over the last four years, and deterred the rampant theft and mismanagement of public funds that had plagued public service.
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