NIGERIA AND THE UNITED ARAB EMIRATES SIGNING AGREEMENT ON THE RECOVERY OF STOLEN FUNDS IS A WELCOMED NEWS.

The Federal Republic of Nigeria and the United Arab Emirates on Tuesday, January 19, 2015 signed agreements in order to enhance the two countries bilateral relations. Among these agreements signed which was witnessed by President Buhari of Nigeria and the United Arab Emirate’s prince, Mohammed Bin Zayed Al Nahyan was the Judicial Agreements on Extradition, Transfer of Sentenced Persons, Mutual Legal Assistance on Criminal Matters and Mutual Legal Assistance on Criminal and Commercial Matters which includes the recovery and repatriation of stolen wealth. It was signed by Nigeria Minister of Justice, Abubakar Malami and the United Arab Emirate’s Minister of Justice, Bin Saeed Albadi.

Viewers Corner believes that this news will not go down well with corrupt Nigerian politicians who looted the national treasury and transferred them to foreign banks which includes banks in the UAE. Most of this corrupt polticians also have property in Dubai or Abu Dhabi. This shows that President Buhari means business and should be commended for this good move. Other agreements signed between Nigeria and UAE; the Avoidance of Double Taxation Agreement which was signed by Mrs Kemi Adeosun (Nigeria Minister of Finance) and Obaid Attayar, the UAE Minister of State for Financial Affairs and the last one is the Agreement on Trade Promotion and Protection signed by Mr. Okechukwu Enelamah (Nigeria Minister of Trade and Investment) and UAE Minister of State for Financial Affairs.

Source: Viewers Corner News.

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