Thursday, April 28, 2016

EXPEDITE PROCESS IN RETURNING OUR STOLEN FUNDS ,PMB TELLS WORLD BANK





President Muhammadu Buhari Wednesday in Abuja urged the World Bank to do all within its powers to facilitate the speedy repatriation to Nigeria all stolen funds still being held by Swiss authorities.

President Buhari also assured the World Bank Managing Director that his administration will honour all agreements with the Bank that will help to stimulate Nigeria’s economy and reduce the level of poverty in the country.

‘‘We will strongly support you to create jobs and ensure prosperity in Nigeria,’’ the World Bank Managing Director assured President Buhari.
Sri Mulyani Indrawati, President Buhari said that the repatriation of the additional $320 million US dollars in Switzerland, which has been identified as illegally taken from Nigeria under the Abacha administration, will help to ease the current economic hardship facing the country.

Indrawati told President Buhari that the World Bank was ready to use its knowledge, expertise and resources to help Nigeria achieve faster growth and development.
One of the conditions given by the Swiss Authorities for the repatriation of the funds is that it should be expended on the implementation of social programmes for the benefit of the Nigerian people in an efficient and accountable way, guaranteed by the monitoring of the World Bank.

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