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 repatriÂated.
According to him, a certain Nigerian lawÂyer who is assisting the country in identifying the looted funds in the US claimed that the Federal Government was owing him for renÂdering such service.Onyeama who disÂclosed this yesterÂday while briefing the pressmen on the United Nations GenÂeral Assembly in New York, US billed to start from September 13-26 said the Federal GovÂernment is working asÂsiduously in recovering such funds.“Our Nigerian lawyer who has been assisting the country to identiÂfying 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 alÂready 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 bilÂlion Euros on the table to address certain issues affecting the Middle East and parts of Africa.He said that Nigeria was the only one inÂvited 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. PresÂident will also use the opportuÂnity to garner support for the economy, looking for foreign markets for Nigerian prodÂucts, attracting Foreign Direct Investment.He said that the president would also use the opportuÂnity to canvass for the repaÂtriation of the Nigerian stolen money stashed in various forÂeign banks.According to him Mr. PresÂident will use the opportunity to canvass for support for the recharge of Lake Chad.“There will be a discusÂsion on Lake Chad basin and how to recharge the Lake Chad through the Central Africa which will cost about 15 bilÂlion dollars.“Mr President will engage and push for investors on the project. He will be looking at Public, Private Partnership to mobilise that kind of funding for Lake Chad.“Such investment will have direct impact on at least five million people,” he said.
According to him, a certain Nigerian lawÂyer who is assisting the country in identifying the looted funds in the US claimed that the Federal Government was owing him for renÂdering such service.Onyeama who disÂclosed this yesterÂday while briefing the pressmen on the United Nations GenÂeral Assembly in New York, US billed to start from September 13-26 said the Federal GovÂernment is working asÂsiduously in recovering such funds.“Our Nigerian lawyer who has been assisting the country to identiÂfying 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 alÂready 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 bilÂlion Euros on the table to address certain issues affecting the Middle East and parts of Africa.He said that Nigeria was the only one inÂvited 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. PresÂident will also use the opportuÂnity to garner support for the economy, looking for foreign markets for Nigerian prodÂucts, attracting Foreign Direct Investment.He said that the president would also use the opportuÂnity to canvass for the repaÂtriation of the Nigerian stolen money stashed in various forÂeign banks.According to him Mr. PresÂident will use the opportunity to canvass for support for the recharge of Lake Chad.“There will be a discusÂsion on Lake Chad basin and how to recharge the Lake Chad through the Central Africa which will cost about 15 bilÂlion dollars.“Mr President will engage and push for investors on the project. He will be looking at Public, Private Partnership to mobilise that kind of funding for Lake Chad.“Such investment will have direct impact on at least five million people,” he said.Discover more from NewsBreakers
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