Repatriation Of Looted Funds To Headline Buhari's Address At UN Assembly

President Muhammadu Buhari


Demand for the repatriation of funds looted from public treasuries from Nigeria and other developing countries will headline President Muhammadu Buhari's speech at the forthcoming 72nd United Nations General Assembly in New York, Foreign Affairs Minister, Geoffrey Onyeama, has said.

It will be the president's first official foreign trip since returning to Nigeria after a 103-day stay in London to attend to his health.

Speaking in Abuja on Tuesday, Oyeama explained that the President would ask leaders in the western hemisphere to intervene in pressuring their financial institutions to expedite the process of repatriating looted funds back to the countries of origin.

President Buhari will lead what Oyeama described as a "large delegation" from Nigeria to the UN assembly which would hold September 12 and 25, 2017.

Onyeama told journalists at a briefing that the fight against terrorism, human rights protection, repatriating illicit financial assets to countries of origin, among other global issues would top Nigeria’s agenda at the UN.

He said the government is facing challenges of repatriating stolen funds stashed in foreign countries.

“The country would push to actualise the UN resolution on ‘Promotion of International Cooperation to Combat Illicit Financial Flows’ so that all the countries of the world would be fully engaged in repatriating stolen funds to countries of origin,” he said.

“For Nigeria, it is a developmental issue. It impacts directly on the developmental trajectory of Nigeria and other developing countries that resources that we need to promote development in the country are being siphoned out of the system and this has negative impact on the developmental challenges that we face,” the minister explained.




PIX: President Muhammadu Buhari