In a letter to the Minister of Finance, Mrs. Kemi Adeosun, the lawyer said “In the light of the foregoing, we are compelled to call on the Federal Government to muster the political will and courage to recover the aforesaid withheld or stolen wealth of not less than $200bn belonging to the Nigerian people.

“However, if you refuse to accede to our request we shall have no alternative than to initiate legal proceedings at the Federal High Court with a view to restraining the Federal Government from further plunging the nation into external indebtedness.”

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The Senior Advocate also said “In urging the Federal Government to desist from taking the loan of $2bn from China or any other country we are compelled to advise the Federal Government to intensify efforts to recover the nation’s wealth which has been criminally diverted by a handful of local and foreign looters.”

Femi Falana recently filed a suit in a Federal High Court in Abuja, asking the court to stop the Central Bank of Nigeria (CBN) from using the Dollar as legal tender in Nigeria.