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FG To Recover £300m From Jersey

Geoffrey Onyeama
Geoffrey Onyeama

Nigeria’s minister of foreign affairs, Geoffrey Onyeama says the Federal Government is in the process of repatriating stolen 300 million pounds from Jersey.

Speaking at a news conference organised as part of activities to mark the one year anniversary of President Muhammadu Buhari’s administration, the minister stated that the money would have been recovered if not for a last minute ‘objection’ that was raised by the people who were supposed to forfeit it.

“We are just in the process of repatriating that in the UK itself. Sometimes very often what happens is that the people, who claim to have ownership of the money, might bring up a defence,” he said.

Onyeama added that the Federal Government was doing all it could to repatriate the alleged stolen funds, stressing that progress has been made with regards to the repatriation of looted funds stacked in other countries like Switzerland and US.

The minister said that the Federal Government was not relenting in its efforts to recover stolen funds stacked abroad but lamented that countries where the funds are domiciled were making it difficult for the funds to be repatriated.