House of Representatives to recover looted funds in U.S

 By Lawan Hamidu, Abuja

The House of Representatives is to assist in recovering Nigeria’s 458 million Dollars looted money that has been forfeited to the United States.

In a motion under matters of urgent public importance presented before the House, members urged the Attorney General of Nigeria to interface with the US Congress to repatriate the fund.

Moving the motion, Mr. Johnson Inma said, in 2013, as part of its Kleptocracy Asset Recovery Initiative, the United State Department of Justice commenced forfeiture proceeding to confiscate $550 million that had been corruptly obtained.

“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. 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,” Mr Inma explained.

Under its recovery initiative, the U.S Department of Justice had confiscated and returned over $168 million to the nation.

 Mercy Chukwudiebere