Nigeria signs agreement with UAE on recovery of stolen funds

Nigeria and the United Arab Emirates (UAE), on Tuesday in Abu Dhabi, signed six agreements to enhance bilateral relations between them.

 

Mr Femi Adesina, the Special Adviser to the President on Media & Publicity, said in a statement that the signing of the agreements on trade, finance and judicial matters was witnessed by President Muhammadu Buhari and the Crown Prince of the United Arab Emirates, Sheikh Mohammed Bin Zayed Al Nahyan.

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Nigeria’s Minister of Finance, Mrs Kemi Adeosun(L) and the UAE Minister of State for Financial Affairs, Obaid Attayar (R), signed the Avoidance of Double Taxation Agreement

Nigeria’s Minister of Finance, Mrs Kemi Adeosun, and the UAE Minister of State for Financial Affairs, Obaid Attayar, signed the Avoidance of Double Taxation Agreement.

The Minister of Trade and Investment, Mr Okechukwu Enelamah, also signed the Agreement on Trade Promotion and Protection with the UAE Minister of State for Financial Affairs.

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The Minister of Trade and Investment, Mr Okechukwu Enelamah (L) and  the UAE Minister of State for Financial Affairs, Obaid Attayar(R) signing agreement

Similarly, the Minister of Justice, Abubakar Malami, and his counterpart in the United Arab Emirates, Sultan Bin Saeed Albadi, signed the Judicial Agreements on Extradition, Transfer of Sentenced Persons, Mutual Legal Assistance on Criminal Matters, and Mutual Legal Assistance on Criminal and Commercial Matters.

The agreement also included the recovery and repatriation of stolen wealth.

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President Muhammadu Buhari and the Crown Prince of the United Arab Emirates, Sheikh Mohammed Bin Zayed Al Nahyan.

At a reception after the signing of the agreements, President Buhari reiterated his commitment to fighting corruption and restoring Nigeria’s dignity in the comity of nations.

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He also appealed to all Islamic countries to support the fight against terrorism in Nigeria and denounce the atrocities of Boko Haram as un-Islamic and against the teachings of the Holy Prophet.

In his remarks, Crown Prince Zayed Al Nahyan, said that the relationship between Nigeria and the UAE would be strengthened by President Buhari’s visit and the signing of the agreements.

 

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