Buhari urges UN, other nations to speed up recovery of stolen money

European Union denies favouring Buhari during 2015 Presidential Election

President Muhammadu Buhari on Thursday urged other countries and the United Nations to speed up the process of repatriating stolen money held abroad, which he said was becoming “tedious”. REUTERS reports.

Buhari has sought help from several nations including the United States and Switzerland to recover money he said was stolen by public officials.

Despite the oil wealth of Africa’s top crude exporter, which has the continent’s biggest economy, 70 percent of Nigerians live on $1 a day or less while endemic corruption over decades has enriched a small elite.

“We are looking for more cooperation from the EU, United States, other countries and international institutions to recover the nation’s stolen assets, particularly proceeds from the stolen crude oil,” said Buhari.

“It is taking very long and Nigerians are becoming impatient,” said the president, adding that the process had “become tedious”.

Buhari made the comments to the executive secretary of the United Nations Office for Drugs and Crime (UNODC), who was visiting the president. He also urged UNODC to help speed up the recovery of stolen money.

Nigeria is going through its worst economic crisis in decades and Buhari’s critics have said the focus on corruption has distracted his administration from dealing with the impact of low oil prices which have cut much needed revenues from crude sales.


Facebook Comments

Be the first to comment

Leave a Reply

Your email address will not be published.