Magu Makes Case For Repatriation Of Stolen Funds Back To Africa
The acting Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu has advocated for the repatriation of African stolen funds in foreign lands back to the country.
Magu made the appeal on the sidelines of the ongoing 74th United Nations General Assembly, UNGA 74 in New York, United States of America.
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In a video posted on the commission’s Facebook page on Thursday, the EFCC boss was quoted as saying, “There should be understanding, there should be collaboration, there should be repatriation; Send it [Africa’s stolen wealth] back to the victim countries.”
Magu’s call follows President Muhammadu Buhari earlier appeal on Wednesday who also joined his Zambian and Ethiopian counterparts in calling for unity among African countries to demand unconditional repatriation of assets stolen from the continent.
The call came at a high-level event on Illicit Financial Flows (IFFs) held on the sidelines of the ongoing the UNGA.
Buhari, had also on 23 September, 2016 asked the United Nations to mount pressure on western countries to return Nigeria’s alleged stolen funds kept in their banks.
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The President had said, when developing nations were deprived of such funds, it would become difficult for them to meet their needs.
Below is the video of Magu’s appeal:
