Tuesday, 19 January 2016

Stolen Funds Recovery: Nigeria,UAE Sign Agreements

Nigeria's President, Muhammadu Buhari and the Crown Prince of the United Arab Emirates, Sheikh Mohammed Bin Zayed Al Nahyan on Tuesday,were in hand to sign six agreements aimed at improving bilateral relationship between both Countries and also held talks on recovering looted funds.



President Buhari’s special adviser on media and publicity, Femi Adesina made this known to Newsmen today.

According to the Presidential spokesman,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.

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.

At a reception after the signing of the agreements, President 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 stated that the relationship between Nigeria and the UAE will be strengthened by President Buhari’s visit and the signing of the agreements.

Muhammadu Buhari arrived United Arab Emirates on Sunday as part of his efforts towards strengthening relationship between Nigeria and other countries of the world.

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