SA Government Agrees To Refund Nigeria’s Confiscated Funds


On Tuesday, the South African President, Jacob Zuma said that his government will ensure that the monies confiscated by South African government during the administration of former President Goodluck Jonathan will be returned to Nigeria. The South African leader made this statement while addressing journalists after the bilateral talks with President Muhammadu Buhari at the Presidential Villa, Abuja.

See Also: Obasanjo, Yar’Adua, Jonathan Govts Must Account For Recovered Loot – Judge

President Buhari’s first year in office has been dedicated to fighting corruption which are in two major ways – fighting Boko haram and arresting Nigerians who looted funds. Unfortunately, a lot of Nigerian leaders in the past, did not just steal from the country’s purse, but transferred the stolen monies to several accounts in different countries – in and out of Africa. And this makes it even harder for President Buhari to gain access to all of these monies.

However, the Nigerian and South African governments have joined efforts on the issue, putting relevant structures in place that will help in recovering some of the loots. Zuma  also told Journalists that investigations were ongoing to ensure that anything that was illegally taken to South Africa would be returned.

Read Also:  EFCC’s Ibrahim Magu Promises To Recover All Stolen Funds And Imprison The Culprits

Meanwhile, the Ambassador of the European Union (EU) and Head of Delegation to Nigeria, Mr. Michel Arrion, says that Nigeria’s stolen funds are scattered all over the world, although a huge chunk of them are in Europe. He also pledged to support President Muhammadu Buhari in recovering Nigeria’s funds that was looted in the past three administrations, especially in the immediate past.

The South African President, Jacob Zuma arrived Nigeria late Monday on a two-day working visit as was earlier reported in a statement issued by the South African Presidency.

Zuma arrived at the Nnamdi Azikiwe International Airport, Abuja at about 10:10pm, yesterday, and was received at the airport by government officials, including former Vice President Atiku Abubakar.

See Also: “Nigeria’s Stolen Funds Not Only In Europe But Everywhere” – EU