Naija news Home » Buhari signs agreement with countries on return of illegally acquired assets

Buhari signs agreement with countries on return of illegally acquired assets

Following the approval of the Federal Executive Council (FEC), President Muhammadu Buhari Monday signed two instruments namely:

The Instrument of Ratification of the Agreement between the Government of the Federal Republic of Nigeria and the Government of the Republic of Singapore for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income and Capital Gains.

naija news today
President Buhari

The other was the Instrument of Ratification of the Memorandum of Understanding (MoU) among the Government of the Federal Republic of Nigeria; the Swiss Federal Council and the International Development Association on the Return, Monitoring and Management of Illegally-Acquired Assets Confiscated by Switzerland and to be Restituted to the Federal Republic of Nigeria.

READ ALSO>>  BREAKING: INEC Postpones Election on Election Day

With the execution of these instruments, Nigeria’s trade relations with Singapore and income therefrom are expected to rise, while the return of illegal assets will not only boost the administration’s anti-corruption drive, but also provide additional funds for critical infrastructure.

The Special Adviser to President Muhammadu Buhari on Media and Publicity, Mr. Femi Adesina disclosed this in Abuja on Monday.

naija news today
Copyright Nigeria Daily Times 2019. Send all news and press releases to nakata(at)nigeriadalytimes.com, 08155933100
Advertise with us. Send us Enquiry ,press release.
Saka babtunde

Saka babtunde

My Name is Saka Babatunde, a Graduate of Social Science University of Ilorin, I am Passionate about politics.
Blogger I Entrepreneur Motivational speaker I Caring father philanthropist life coach
Connect me on hammad@nigeriadailytimes.com

View all posts
%d bloggers like this: