African Union UNECA Chairman Mbeki backs Buhari?s effort to recover stolen funds

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Efforts by President Muhammadu Buhari to recover monies stolen from the country?s coffers have received the nod of the African Union, AU/United Nations Economic Commission for Africa, UNECA?s High-Level Panel on Illicit Financial Flows, IFFs.

Chairman of the panel and former South African President, Thabo Mbeki gave the backing while answering a question from The Nation newspaper at a news conference after the ?First Sub regional Workshop on Curbing IFFs? in Nairobi, Kenya.

Admitting that he had not closely followed what the Buhari administration was doing, Mbeki noted that the body would support the Federal Government?s plans to recover stolen assets, adding that should the Federal Government?s plan succeed, it will encourage other African governments.


According to him, ?I wouldn?t say personally I had followed closely what President Muhammadu Buhari is doing. But certainly with regards to the matter of the recovery of assets took out of the country illegally ? whether it is money that is stolen by somebody or whatever happened ? the recovery or repatriation of those assets is very much part of the programme to follow up on the findings of our panel on IFFs.

?Certainly, if President Buhari or Nigerian government is attending to that, we would applaud that. We would say it is a very correct step to take to ensure that indeed these outflows, which left the country and the continent illegally, must return.

?It would be very good if Nigeria could succeed in this, because it would encourage the rest of the continent to act with the necessary vigour to find and repatriate such funds. It would be a very good thing indeed.?