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Friday, May 13, 2016

Cameron plans to assist Nigeria, others in recovery of foreign assets


Okooo.....The United Kingdom Prime Minister, David Cameron, on Thursday announced plans to assist foreign nations in the recovery of stolen assets.Cameron announced the plan at the opening session of the Anti-Corruption Summit at the Lancaster House in London which had President Muhammadu Buhari in attendance.The British Prime Minister said the Global Forum for Asset Recovery will bring together governments and law enforcement agencies to discuss on how to return stolen assets to Nigeria, Ukraine, Sri
Lanka and Tunisia." He said foreign firms with properties in the UK will be compelled to declare their assets publicly in a bid to stamp out money-laundering, adding that a register will be opened for foreign companies owning UK property and those seeking to buy.Cameron said the register would mean “corrupt individuals and countries will no longer be able to move, launder and hide illicit funds through London’s property market, and will not benefit from our public funds.”He said foreign companies owned about 100,000 property in England and Wales and that more than 44,000 of these were in London.The Prime Minister further stated that people in developing countries wanted justice as much as they needed clean water and health care.

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