UK to Repatriate Nigeria’s Looted Funds

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UK to Repatriate Nigeria’s Looted Funds

By Correspondent

The United Kingdom says it is ready to repatriate the looted Nigerian funds in the UK banks, the British High Commissioner to Nigeria, Mr. Paul Arkwright has said. He noted, however, that there are certain legal requirements that Nigeria had not met to facilitate the repatriation of the funds. “We (UK) have no intention of holding on to Nigerian funds, they belong to the Nigerian people and they should be returned to the Nigerian people. “Clearly, there are legal requirements that we have to meet. We are working with the Nigerian Government to see what we can do to return those funds. “They (money) will be returned, there is absolutely no doubt about it,” he said. Arkwright said it was untrue that the UK was not ready to repatriate the money back to the Nigerian Government but that issues around returning the funds were being discussed.

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