- Abubakar Malami, Nigeria's justice minister and Attorney-General of the Federation (AGF) has revealed why the country has not retrieved its fund stuck in South Africa
- Malami said Nigeria has not been able to retrieve the funds because of some cumbersome processes
- The minister spoke while giving details of the activities of his ministry in the last one year
Nigeria is yet to access the $15 million allegedly meant for the purchase of arms and seized by the South African government during the administration of Goodluck Jonathan.
The Nation is reporting that the inability of Nigeria to retrieve the fund is because of ‘diplomatic intricacies and the long processes’.
According to the report, the Minister of Justice and Attorney-General of the Federation (AGF), Abubakar Malami, said the same hindrance was behind the government’s inability to repatriate looted funds.
Malami, who spoke while reviewing the activities of his ministry in the last one year, said: “As it relates to the money in South Africa and other countries, my reaction to recovery generally is that it is a process; a process involving mostly nations whose legal systems differ.
“The process in respect of diplomatic consideration equally plays a key role over and above international convention and best practices.
“So, when multiplicity of legal systems is in issue, multiplicity of diplomatic engagement is in contention, delay is naturally bound to set in.
“But, one thing I want to state categorically is that the government is doing whatever is possible to ensure the recovery of moneys that relate to Nigeria in all jurisdictions and not necessarily limited to South Africa.”
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He however declined to speak on the alleged rift between him and the acting chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu.
NAIJ.com earlier reported that Abubakar Malami, explained why the federal government did not go after sponsors of quit notice because of security implications.
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