The Minister of Foreign Affairs, Geoffrey Onyeama yesterday gave insight into why the $480 million looted by fraudulent Nigerians and warehoused in the United States of America has not been repatriated.
According to him, a certain Nigerian lawyer who is assisting the country in identifying the looted funds in the US claimed that the Federal Government was owing him for rendering such service.
Onyeama who disclosed this yesterday while briefing the pressmen on the United Nations General Assembly in New York, US billed to start from September 13-26 said the Federal Government is working assiduously in recovering such funds.
“Our Nigerian lawyer who has been assisting the country to identifying the looted funds in US came forward to say that some amount of money owned him by the previous government have not been paid and that put the arrangement to stop.”
“There is work in progress but we are already there,” he said.
Commenting on the United Nations General Assembly, Onyeama said they will be discussing on ‘one vision, one Africa’ where all African nations would have a voice on issues that have direct impact on the continent.
He stated the EU would be putting 31 billion Euros on the table to address certain issues affecting the Middle East and parts of Africa.
He said that Nigeria was the only one invited for the meeting to look into how to spend the money adding that this will give Nigeria opportunity to access the fund.
The Minister said that the president would also use the opportunity to look for foreign market for Nigerian’s products
According to him Mr. President will also use the opportunity to garner support for the economy, looking for foreign markets for Nigerian products, attracting Foreign Direct Investment.
He said that the president would also use the opportunity to canvass for the repatriation of the Nigerian stolen money stashed in various foreign banks.
According to him Mr. President will use the opportunity to canvass for support for the recharge of Lake Chad.
“There will be a discussion on Lake Chad basin and how to recharge the Lake Chad through the Central Africa which will cost about 15 billion dollars.
“Mr President will engage and push for investors on the project. He will be looking at Public, Private Partnership to mobilize that kind of funding for Lake Chad.
“Such investment will have direct impact on at least five million people,” he said.
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