What happened to the $200 billion dollars we recovered from UAE?
Buhari does not know how to form a party or run one - Alhaji Tanko
On January 19, 2016, the Buhari led administration signed a bilateral agreement with the government of United Arab Emirates (UAE).
The agreement was aimed at facilitating the extradition of corrupt officials hiding stolen funds stashed in Dubai banks.
Two months later, the Economic and Financial Crimes Commission declared that they and the office of the Attorney General were embarking on a trip to the oil rich gulf state to repatriate the looted funds.
EFCC officials had said the money was about $200 billion dollars!
EFCC’s acting chairman, Ibrahim Magu and the minister of Justice and Attorney General of the Federation, Abubakar Malami had embarked on the trip.
An EFCC source had disclosed that “Yes, the AGF and the EFCC chairman with some top officials of the anti-graft agency are in Dubai for a follow-up technical session on the Mutual Legal Assistance between Nigeria and the UAE.
“I can confirm the official trip and it is meant to recover looted funds,” the source added.
“The Federal Government team has met with those from the UAE on intelligence sharing.
“They have compiled the list of those on EFCC radar. The list also has quite a number of highly-placed Nigerians with fat accounts in UAE and those with choice properties in Marina (Dubai), Bur Dubai, Abu Dhabi and Doha,” another source said.
“The success of the collaboration between the Federal Government team and the UAE Government will determine when EFCC will release the concessions on some of these PEPs.
“Very soon, we will unveil these ex-political office holders,” the source added.
To coolaborate the story, Kaduna State Senator, Shehu Sani had recently revealed that Nigerian officials had stashed over 200 billion dollars in Dubai alone.
Curiously, the Federal Government has some $200 billion stashed away somewhere and they know about it.
Pray, why not just withdraw the $30 billion being sought for from there? What even happened to that visit? Did they recover the loot?
