|
By Emeka Mamah
Kaduna—The African Diaspora Initiative (ADI) says Nigeria will recover a whopping $400 billion looted public funds if the Federal Government grants unconditional amnesty to present and former government officials willing to repatriate such funds from foreign countries.
According to the ADI Director-General, David Okoror, “the enormous benefits to the Nigerian economy were Nigeria to recover and invest just a quarter of its assets domiciled abroad is best imagined.”
He spoke yesterday at the opening ceremony of a training course on Countering Financial Crimes, Money Laundering and Corrupt Practices in Nigeria, organised by ADI in Kaduna
He said: “Only $100 billion dollars would translate to about N15 trillion when the 2010 federal budget is put at about N4.5 trillion.
“Let us reflect for a moment on the possible impact that N15 trillion can have on Nigeria’s comatose transportation infrastructure, power supply, security, energy, water supply, education, healthcare, housing and the quality of life of the long suffering people of Nigeria.
“The concept of voluntary repatriation means that Nigerians who have assets domiciled in other jurisdictions can be granted unconditional amnesty and persuaded to repatriate such assets.”
Kaduna—The African Diaspora Initiative (ADI) says Nigeria will recover a whopping $400 billion looted public funds if the Federal Government grants unconditional amnesty to present and former government officials willing to repatriate such funds from foreign countries.
According to the ADI Director-General, David Okoror, “the enormous benefits to the Nigerian economy were Nigeria to recover and invest just a quarter of its assets domiciled abroad is best imagined.”
He spoke yesterday at the opening ceremony of a training course on Countering Financial Crimes, Money Laundering and Corrupt Practices in Nigeria, organised by ADI in Kaduna
He said: “Only $100 billion dollars would translate to about N15 trillion when the 2010 federal budget is put at about N4.5 trillion.
“Let us reflect for a moment on the possible impact that N15 trillion can have on Nigeria’s comatose transportation infrastructure, power supply, security, energy, water supply, education, healthcare, housing and the quality of life of the long suffering people of Nigeria.
“The concept of voluntary repatriation means that Nigerians who have assets domiciled in other jurisdictions can be granted unconditional amnesty and persuaded to repatriate such assets.”
No comments:
Post a Comment