The Federal Government has revealed plans to adopt a new
approach to recover stolen funds stashed abroad.
Minister of Foreign Affairs, Geoffrey Onyeama, who briefed State House Correspondents at the end of the Federal Executive Council (FEC) meeting, yesterday, said the approach was to negotiate directly with the Ministry or Department of Justice of the United States of America or other judicial agencies in the countries where looted funds from Nigeria were being kept, instead of hiring expensive lawyers.
He said other countries where the government has been working assiduously to repatriate stolen funds included the United Arab Emirates, Germany and Liechtenstein.
He, however, did not say how much money had been stolen from the country so far.
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