• How Nigeria’s inaction delays recovery of Dan Etete’s $85m loot – report

    How Nigeria’s inaction delays recovery of Dan Etete’s $85m loot – report

    The United Kingdom is waiting for Nigeria to claim an $85million loot recovered from a former petroleum minister, Dan Etete, according to the Evening Standard of London.

    According to reports, the federal government’s failure to send a proceeds-of-crime submission to the judge of a UK court is stalling the recovery of the money which is frozen in a NatWest bank account in London.

    Federal government officials could not be reached last night for their reaction.

    The situation has left the funds ‘frozen’ and […]