Tuesday, December 7, 2021

FG Signs Understanding With Russia On Repatriation Of Stolen Assets

The Federal Government of Nigeria has signed a Mutual Legal Assistance in Criminal Matters with Russia for repatriation of looted funds and assets.

The Ministry of Foreign Affairs stated that the treaty was negotiated in 2009 but signed in Moscow, Russia, on November 27, 2018, by the Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN).

He was accompanied by the Ambassador of Nigeria to the Russian Federation, Prof. Steve Ugbah, while the Acting Minister of Justice of the Russian Federation, Mr. Oleg Anatoyevich Plokhoy signed on behalf of his country.

The MFA spokesman, George Edokpa, in a statement in Abuja on Monday, stated that the Treaty on Legal Assistance in Criminal Matter was aimed at providing the necessary mechanism for cooperation in the fight against crime and related matters, including terrorism, as well as to counter every form of support to terrorism.

“This agreement as it stands would assist in the fight against corruption as it makes provision for the tracing, recovery, forfeiture or confiscation of stolen assets, as well as the proceeds and instruments of crime,” the MFA stated.

It described the treaty as a major breakthrough in the bilateral relations between Nigeria and Russia and “the beginning of greater cooperation and partnership in other sectors.”

The statement said the AGF explained that the treaty would enable Nigeria to request for the arrest, surrender, investigation and prosecution of all persons who may have committed crimes and escape to the Russian Federation.

It added that it would also ensure the Russian cooperation in the tracing, recovery and repatriation of the stolen assets.

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