The Attorney General of the Federation and Minister of Justice, Abubakar Malami made the disclosure on Sunday, May 15, 2016.
Malami made the disclosure on Sunday, May 15, 2016, while speaking to Vanguard.
“We have agreed that all those who stole money from Nigeria and hid them in other parts of the world should be traced and prosecuted and the money repatriated to Nigeria,” he said.
“We have determined how much the cash is in the UK but there is an agreement already with the British Government on repatriating the money to Nigeria.
“The meeting on anti-corruption which Britain hosted last week in London with President Muhammadu Buhari and other world leaders in attendance, reached several agreements that would help to stem the tide of money laundering and corruption in Nigeria.
“Among others, Nigeria and others agreed for an international collaboration for a joint action that none of the 54 countries should allow its shores to be used holding looted funds. That agreement also calls for sanctions against any member that allows its territory to be used in safe-keeping looted funds.
“The agreement also paves the way for the establishment of anti-corruption centres in these countries and a fundamental framework for the repatriated of looted funds to where the money was taken,” Malami added.
The connection of the UK to corruption in Nigeria was highlighted after British Prime Minister, David Cameron described the country as “fantastically corrupt”.
In response to the comment, President Muhammadu Buhari urged Cameron to ensure the return of funds which had been looted from Nigeria and kept in the UK.
Watch Buhari's response to Cameron in the video below: