Tuesday 21 July 2015

Nigeria Tracking $150 Billion Loot

Nigeria is trying to track $150billion in funds stolen in the past 10 years, President Muhammadu Buhari disclosed yesterday in an opinion article for the Washington Post.
Buhari who arrived United States on Sunday to begin a four day official visit, said the money, more than the budget of Nigeria for seven years is held in foreign bank accounts on behalf of former, corrupt officials.
President Buhari met with America’s President Barack Obama in Washington on Monday, and it is believed that how to repatriate the stolen money formed part of the discussions between the duo.
Buhari said the recovered money will be used to fund welfare and infrastructure schemes in Nigeria.

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