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Buhari signs agreement with Switzerland on loot repatriation

President Muhammadu Buhari on Monday signed the instrument of ratification of a Memorandum of Understanding among Nigeria, Switzerland and the International Development Association that will lead to the repatriation of illegally-acquired assets to Nigeria.

The Special Adviser to the President on Media and Publicity, Mr. Femi Adesina, disclosed this in a statement made available to journalists.

According to Adesina, the MoU will ensure the return, monitoring and management of illegally-acquired assets confiscated by Switzerland and to be returned to Nigeria.

The presidential spokesman said the signing of the agreement would boost the current administration’s anti-corruption drive and also provide additional funds for the development of the nation’s critical infrastructure.

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