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Nigeria, UAE Sign Agreement On Stolen Funds’ Recovery

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Nigeria and the United Arab Emirates on Tuesday in Abu Dhabi signed six agreements to enhance bilateral relations between them.

A statement issued by the Special Adviser on Media and Publicity, Mr. Femi Adesina, revealed that 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.

According to the statement, the six agreements signed include the Avoidance of Double Taxation Agreement, signed by Nigeria’s Minister of Finance, Mrs. Kemi Adeosun and the UAE Minister of State for Financial Affairs, Obaid Attayar, the Agreement on Trade Promotion and Protection was signed by the Minister of Trade and Investment, Mr. Okechukwu Enelamah with the UAE Minister of State for Financial Affairs.

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 was signed by the Minister of Justice, Abubakar Malami and his counterpart in the United Arab Emirates, Sultan Bin Saeed Albadi.

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.

President Buhari 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.
Recall that President Buhari with a team of his Ministers had on Sunday, embarked on a three-day official visit to the UAE to participate in this year’s edition of the World Future Energy Summit.