NIGERIAN PRESIDENT’S US VISIT YIELDS 500 MLN USD RESULT

ABUJA-- Nigerian President Muhammadu Buhari's visit to the united States and his meeting with President Donald Trump on Monday has helped finalize negotiations for the repatriation of more than 500 million US dollars of Nigeria's looted money traced to the US, says Nigeria's Attorney-General and Minister of Justice, Abubakar Malami.

He told the News Agency of Nigeria (NAN) in Washington, DC after the meeting that he and the United States Attorney-General were meeting on Tuesday to finalize the agreement while technicalities involved were being taken care of by officials of the Nigerian government and from the US side.

He said: On the part of assets recovery, we have made considerable progress through this visit. There's goodwill by the two presidents to have a roadmap for the repatriation of illicit funds and assets traced to the US as proceeds of illicit transactions.

These illicit funds and assets are to the tune of 500 million dollars and above for immediate repatriation. We are looking at the shortest practicable time for it to be repatriated. There is political commitment demonstrated by the two presidents.

The over 500 million dollars is not all the recovery, it is only for the immediate repatriation while we continue with our efforts to recover more.

President Buhari is the first African head of State or government to be hosted by Trump at the White House since his inauguration.

Source: NAM NEWS NETWORK