Skip to content
July 29, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • National News
  • Commonwealth helps Nigeria recover $3bn stolen funds in one year
  • National News

Commonwealth helps Nigeria recover $3bn stolen funds in one year

Admin May 16, 2018

US dollars

US dollars

Commonwealth Secretary-General, Patricia Scotland, has said  Commonwealth assisted Nigeria in recovering of about three billion dollars within one year.

Scotland said this on Tuesday in Abuja when she visited the Minister of Foreign Affairs, Geoffrey Onyeama. She did not give specifics on when the money was recovered, from whom and how.

The Secretary General said that amount could not be compared to what the nation got in 10 years.

Scotland said President Muhammadu Buhari was very clear on the repatriation of the funds, saying that it is a matter of pride to the Commonwealth to have been able to assist Nigeria in getting her money back.

“We were very proud in the Commonwealth when the President graced us by coming to the Tackling Corruption Together Conference in May, 2016, and he explained so graphically, the wisdom that comes from corruption.

“And I don’t think anyone would forget. When they asked him, what do you want out of this and he said, I want my money back. I want my money back to the people of Nigeria.

“And this has been a matter of great pride to us in the Commonwealth that we have been able to assist Nigeria in getting its money back and in one year.

”Nigeria has managed to get back more money than it has got back in 10 years before.

“It recovered about three billion dollars. That is over five hundred billion naira.

“And that is money that can go to schools and housing and roads and I hope that we will get even more money back together,” Scotland said.

Scotland also commended the Economic and Financial Crimes Commission (EFCC) for its fight against corruption in the country.

She commended the EFCC Chairman, Ibrahim Magu, for the work he has done, expressing hope that it was just the beginning of the war against corruption in the country.

“And I do applaud everything that the new commission is doing.

“I was there to launch that building, fantastic building and I really applaud the acting chairman because of the work that he has done.

“I am hoping that this is just the beginning and I pledge our continued support,” Scotland said.

She thanked Nigeria for her generosity towards the Commonwealth and called for more support.

In his remarks, Onyeama said anti-corruption was one of the three priority areas of the President.

The minister expressed delight over the Commonwealth’s monitoring and supporting anti-corruption efforts, saying it was of high importance.

He said Nigeria looked forward to having more cooperation and engagement with the Commonwealth, including funding.

“We believe in the Commonwealth and we believe that the better funded it is, the more responsive to our needs it would be, ” he said.

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: Commonwealth corruption Geoffrey Onyeama Ibrahim Magu Muhammadu Buhari Patricia Scotland

Post navigation

Previous ‘Trump has made history’, says Netanyahu; more protests erupt, 60 buried
Next Benue killings not product of any planned agenda – Osinbajo

Related Stories

At least 14 killed in attack in Nigeria’s Benue state – Officials say idoma native
  • National News

At least 14 killed in attack in Nigeria’s Benue state – Officials say

July 28, 2026
Alleged defamation: Sowore drops decision to summon DSS boss as witness Court
  • National News

Alleged defamation: Sowore drops decision to summon DSS boss as witness

July 28, 2026
Nigeria recorded 1,600 deaths from 650 building collapses in 52 years Collapsed Ikoyi building
  • National News

Nigeria recorded 1,600 deaths from 650 building collapses in 52 years

July 28, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Bloody violence at Delta APC meeting, govt orders arrest; sues for peace
  • Crime and Justice

Bloody violence at Delta APC meeting, govt orders arrest; sues for peace

July 29, 2026
Leo Stan Ekeh Foundation hosts regional seminar to promote character development and youth reorientation
  • Business & Economy

Leo Stan Ekeh Foundation hosts regional seminar to promote character development and youth reorientation

July 29, 2026
At least 14 killed in attack in Nigeria’s Benue state – Officials say idoma native
  • National News

At least 14 killed in attack in Nigeria’s Benue state – Officials say

July 28, 2026
Alleged defamation: Sowore drops decision to summon DSS boss as witness Court
  • National News

Alleged defamation: Sowore drops decision to summon DSS boss as witness

July 28, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.