(Photo: CNN/File photo)
Identified funds stolen from Nigeria and reinvested into the UK are repatriated to the African nation with the risk of being embezzled again, making corruption a vicious circle difficult to break, according to Ben Oguntala, director of Security in Africa.
Oguntala made the comment after meeting in London with President Muhammadu Buhari, who asked for the help of Nigerians in diaspora to tackle the country’s widespread corruption. After taking office in May, Buhari launched an investigation to recover $150bn (£96bn), which he alleged was stolen during previous administrations. The investigation aims to identify banks and countries where the alleged stolen funds have been lodged.
In order to help Buhari, Oguntala and a team comprising members of Security in Africa and Potent Communications have suggested they create a privately funded Corruption Amnesty Commission chaired by Courtenay Griffiths, QC to identify stolen assets and return them to Nigeria and other countries across Africa, Asia and South Africa, making sure they will be used to benefit citizens.
The original article can be found at www.ibtimes.co.uk