Minister of Foreign Affairs, Geoffrey Onyeama, has assured Nigerians that Switzerland and other countries holding Nigeria’s looted funds will return the money.
Onyeama while speaking with journalists disclosed that Switzerland will return the sum of $300m that was recovered.
He said “We are in touch with Switzerland; they have recently recovered quite a significant amount of money and I met last week with Swiss representatives to work out the modality for the repatriation of the funds.
“The Swiss government has already repatriated over $700m from (the late Gen. Sani) Abacha loot and that agreement has been reached on how the money would be applied.
“They have also now recovered in the same context another $300m of which there is ongoing discussion to have that repatriated as well. There are discussions with other countries; United Kingdom for instance, as you all know, is one of the countries we are discussing with on how to recover looted funds.”