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Update: Nigeria signs agreement with UAE to recover stolen funds

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Nigeria‬ and The United Arab Emirates [UAE]‬ are ‪to sign bilateral agreement to extradite corrupt officials hiding their loots in Dubai.

Nigeria and the United Arab Emirates (UAE) Tuesday in Abu Dhabi signed six agreements to enhance bilateral relations between them.

This is one of the fallouts of the visit of President Muhammadu Buhari to UAE to attend the World future energy summit 2016 holden in Abu Dhabi. ‬

President Buhari had, on Monday in Abu Dhabi called for greater global cooperation against the devastating effects of climate change to avert disaster for the human race in the 21st century.

Addressing the opening of the 2016 World Future Energy Summit, President Buhari reaffirmed Nigeria’s readiness to work with the United Arab Emirates and rest of the world in a collective effort to mitigate the effects of climate change.

The signing of the agreements on trade, finance and judicial matters was witnessed by President Muhammadu Buhari and the Crown Prince of the United Arab Emirates, Sheikh Mohammed Bin Zayed Al Nahyan.

President Muhammadu Buhari meeting with Nigerians in Emirates palace

Nigeria’s Minister of Finance, Mrs Kemi Adeosun and the UAE Minister of State for Financial Affairs, Obaid Attayar signed the Avoidance of Double Taxation Agreement, while the Minister of Trade and Investment, Mr Okechukwu Enelamah signed the Agreement on Trade Promotion and Protection with the UAE Minister of State for Financial Affairs.

The Minister of Justice, Abubakar Malami and his counterpart in the United Arab Emirates, Sultan Bin Saeed Albadi signed the Judicial Agreements on Extradition, Transfer of Sentenced Persons, Mutual Legal Assistance on Criminal Matters, and Mutual Legal Assistance on Criminal and Commercial Matters, which includes the recovery and repatriation of stolen wealth.

At a reception after the signing of the agreements, President Buhari reiterated his commitment to fighting corruption and restoring Nigeria’s dignity in the comity of nations.

The President also urged all Islamic countries to support the fight against terrorism in Nigeria and denounce the atrocities of Boko Haram as un-Islamic and against the teachings of the Holy Prophet.

In his remarks, Crown Prince Zayed Al Nahyan said that the relationship between Nigeria and the UAE will be strengthened by President Buhari’s visit and the signing of the agreements.

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