Members of the House of Representatives pledged to recover $458 million looted in Nigeria and forfeited to the United States government.The lawmakers resolution followed a motion passed by Johnson Inma on the floor of the House.
Members of the House of Representatives pledged to recover $458 million looted in Nigeria and forfeited to the United States government, the nation reports. This resolution by the lawmakers is sequel to a motion passed for urgent national importance.
The motion which was passed by Johnson Inma sought for a recovery of a part of the looted fund forfeited to the U.S. While moving the motion, Inma said in 2013, as part of its Kleptocracy Asset Recovery Initiative, the United States Department of Justice started forfeiture proceeding to confiscate $550 million that was illegally obtained by some Nigerians.
Inma said: “A portion of the loot valued at $458 million that belongs to Nigeria had now been forfeited to U.S by a judgement of the district court for the District of Columbia.”
He also said, in August 2014, following assets traced by U.S Department of Justice in conjunction with counterparts in the United Kingdom and France, properties were discovered to be proceeds of corruption originated from Nigeria. Inma added that the U.S Department of Justice confiscated and returned over $168 million to victim nations. Following this, the House further resolved to work as an interface between the attorney general of the federation and minister of justice Abubakar Malami to meet with U.S congress members who initiated the move for repatriation of the looted funds to Nigeria. Meanwhile, the President Muhammadu Buhari led administration had at various events approached some foreign countries to return funds looted by many Nigerian. These countries include United States of America, Switzerland and United Kingdom.
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