UK repatriates £70m to Nigeria, promises to return more loot

UK repatriates £70m to Nigeria, promises to return more loot

- 70 million pounds recovered from a Nigerian convict who was found guilty of fraud has been repatriated back to Nigeria

- The UK said more funds would be repatriated to Nigeria

- British High commissioner to Nigeria Paul Arkwright also disclosed that there are due process to follow before loots could be repatriated

The United Kingdom says it has repatriated to Nigeria, 70 million pounds recovered from a Nigerian convict who was found guilty of fraud by an Italian court.

British High commissioner Paul Arkwright, ahead of Prime minister, Theresa May’s visit to the country, said more funds would be repatriated from the UK to Nigeria.

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“There was an Italian court case with a particular person involved. A portion of the fund has been in the UK and that was the portion that was returned recently from the UK to Nigeria. So, it’s in that context that the £70 million was returned.”

“The British government has no intention of keeping one kobo of Nigerian funds in the UK, it all must come back to Nigeria. Just as in Nigeria, the UK feels that the judicial process is important, and we have to go through those processes before the money can be returned,” he added.

Going further, Arkwright added that security, trade, investment and 2019 elections will top the discussion between the British Prime Minister, Theresa May and President Muhammadu Buhari during the UK PM state visit on Wednesday, August 29.

Meanwhile, NAIJ.com had reported that British Prime Minister, Theresa May, will visit Nigeria this week.

The British high commissioner to Nigeria, Paul Arkwright disclosed this via his Twitter handle, @paulTarkwight, saying he is delighted to welcome the PM.

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“Delighted to welcome British Prime Minister to Nigeria this week. A huge opportunity for both our countries to work in partnership on trade, security and tackling the scourge of #modernslavery and human trafficking," he tweeted.

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Source: Naija.ng

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