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According to reports, America reportedly told a court in an unidentified foreign country that it had an interest in loot because it was registered in its currency, the US dollar. Federation Attorney General and Minister of Justice Abubakar Malami (SAN) and Human Rights Activist Mr. Femi Falana (SAN) made the requests to Lagos. Falana has also accused the Nigerian National Petroleum Corporation (NNPC) of not paying more than $ 21.7 billion since 1999. It has urged the federal government to redouble its efforts to recover the looted funds from the few Nigerians indicted in Panama and Paradise newspapers. The EFCC and the Federal Inland Revenue Service should recover the appropriate taxes from offshore companies created by these people, "said Falana. Falana, who accused the United States, Switzerland, the United Kingdom and other Western countries of hypocritical behavior in Nigeria's quest to recover the loot hidden in their banks, identified the United States as the country concerned .
He said: “Nigeria traced part of the Abacha loot (over $300m) to Jersey, an island in the United Kingdom. The Attorney-General filed a process to – by the way I was in that country when the person was convicted. The money left Nigeria through Kenya and landed in Jersey. It was from the late Abacha. Nigeria wanted to collect the remaining loot. But the United States filed an objection, saying the money could not be released to Nigeria. The court asked why; the US said if the money must be released, it should be released to the US government, so that ‘we can manage it for Nigeria. The other one, $321 million, Switzerland, a notorious conduit for corruption, had the temerity to say that ‘unless the World Bank is going to manage this money, we are not going to release this money.’”
Falana urged the Federal Government not to depend on the West in its loot recovery drive.
“The United Nations Convention Against Corruption has made adequate provisions against corruption, mandating countries to assist each other but western countries have not been helping us. Our government should stop relying on the west.”
He said he had advised, and the government was considering, suing foreign banks illegally holding onto funds stolen from Nigeria. He added: “From five cycles of independent audit reports covering 1999-2012 the National Extractive Industries Transparency Initiative revealed that the Nigerian National Petroleum Corporation, some oil companies and certain agencies of the Federal Government have withheld $20.2 billion from the Federation Account ... spill TEA.... Easy on Shade #jaiyeorie
According to reports, America reportedly told a court in an unidentified foreign country that it had an interest in loot because it was registered in its currency, the US dollar. Federation Attorney General and Minister of Justice Abubakar Malami (SAN) and Human Rights Activist Mr. Femi Falana (SAN) made the requests to Lagos. Falana has also accused the Nigerian National Petroleum Corporation (NNPC) of not paying more than $ 21.7 billion since 1999. It has urged the federal government to redouble its efforts to recover the looted funds from the few Nigerians indicted in Panama and Paradise newspapers. The EFCC and the Federal Inland Revenue Service should recover the appropriate taxes from offshore companies created by these people, "said Falana. Falana, who accused the United States, Switzerland, the United Kingdom and other Western countries of hypocritical behavior in Nigeria's quest to recover the loot hidden in their banks, identified the United States as the country concerned .
He said: “Nigeria traced part of the Abacha loot (over $300m) to Jersey, an island in the United Kingdom. The Attorney-General filed a process to – by the way I was in that country when the person was convicted. The money left Nigeria through Kenya and landed in Jersey. It was from the late Abacha. Nigeria wanted to collect the remaining loot. But the United States filed an objection, saying the money could not be released to Nigeria. The court asked why; the US said if the money must be released, it should be released to the US government, so that ‘we can manage it for Nigeria. The other one, $321 million, Switzerland, a notorious conduit for corruption, had the temerity to say that ‘unless the World Bank is going to manage this money, we are not going to release this money.’”
Falana urged the Federal Government not to depend on the West in its loot recovery drive.
“The United Nations Convention Against Corruption has made adequate provisions against corruption, mandating countries to assist each other but western countries have not been helping us. Our government should stop relying on the west.”
He said he had advised, and the government was considering, suing foreign banks illegally holding onto funds stolen from Nigeria. He added: “From five cycles of independent audit reports covering 1999-2012 the National Extractive Industries Transparency Initiative revealed that the Nigerian National Petroleum Corporation, some oil companies and certain agencies of the Federal Government have withheld $20.2 billion from the Federation Account ... spill TEA.... Easy on Shade #jaiyeorie
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