Nigeria, UAE Agree on Repatriation of Stolen Weath

A far reaching agreements, that would see Nigeria and the United Arab Emirates (UAE) cooperate on six fronts, were Tuesday signed in Abu Dhabi.
One major significance is one signed between Nigeria Minister of Justice, Abubakar Malami; and his counterpart in the United Arab Emirates, Sultan Bin Saeed Albadi, which is the Judicial Agreements on Extradition, Transfer of Sentenced Persons, Mutual Legal Assistance on Criminal Matters, and Mutual Legal Assistance on Criminal and Commercial Matters, which includes the recovery and repatriation of stolen wealth.
It is of note that Dubai has recently become a heaven of wealthy Nigerians where stolen funds are reportedly stashed away.
According to a statement by the Special Adviser on Media and Publicity, Mr. Femi Adesina, the signing of the agreements on trade, finance and judicial matters was witnessed by President Muhammadu Buhari and the Crown Prince of the United Arab Emirates, Sheikh Mohammed Bin Zayed Al Nahyan.
Adesina said Nigeria’s Minister of Finance, Mrs. Kemi Adeosun; and the UAE Minister of State for Financial Affairs, Obaid Attayar signed the Avoidance of Double Taxation Agreement, while the Minister of Trade and Investment, Mr. Okechukwu Enelamah signed the Agreement on Trade Promotion and Protection with the UAE Minister of State for Financial Affairs.
He added that the Minister of Justice, Abubakar Malami; and his counterpart in the United Arab Emirates, Sultan Bin Saeed Albadi signed the Judicial Agreements on Extradition, Transfer of Sentenced Persons, Mutual Legal Assistance on Criminal Matters, and Mutual Legal Assistance on Criminal and Commercial Matters, which includes the recovery and repatriation of stolen wealth.
The presidential Spokesman also said that at a reception after the signing of the agreements, Buhari reiterated his commitment to fighting corruption and restoring Nigeria’s dignity in the comity of nations.
The President also urged all Islamic countries to support the fight against terrorism in Nigeria and denounce the atrocities of Boko Haram as un-Islamic and against the teachings of the Holy Prophet.
In his remarks, Crown Prince Zayed Al Nahyan said that the relationship between Nigeria and the UAE will be strengthened by President Buhari’s visit and the signing of the agreements.

Author: News Editor

6493 stories / Browse all stories

Related Stories »

Provide your email below, and we will notify you the latest news freely.

sjdating    

calendar »