Looter unnamed as UK returns N32bn recovered fund to Nigeria

A £70 million (about N32 billion) looted fund has been returned by the United Kingdom after the looter was convicted in an Italian court.

British High Commissioner to Nigeria, Mr Paul Arkwright, said on Monday in Abuja, that more funds will be returned to Nigeria.

Arkwright declined to name the individual in the case.

“There was an Italian court case with a particular person involved. A portion of the fund has been in the UK and that was the portion that was returned recently from the UK to Nigeria. So, it’s in that context that the £70 million was returned,” he said.

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“The British government has no intention of keeping one kobo of Nigerian funds in the UK, it all must come back to Nigeria. Just as in Nigeria, the UK feels that the judicial process is important, and we have to go through those processes before the money can be returned.”

Arkwright also said discussions bordering on the 2019 general election, security, investments and trade will be made when British Prime Minister Theresa May visits the country on Wednesday.