Nigeria, UAE sign pacts on recovery of stolen funds, trade, others

PMB in Abu DhabiNIGERIA and the United Arab Emirates (UAE) have signed six agreements to enhance bilateral relations between the two countries.

The signing of the agreements on trade, finance and judicial matters among others, was witnessed by President Muhammadu Buhari and the Crown Prince of the United Arab Emirates, Sheikh Mohammed Bin Zayed Al Nahyan.

Buhari, led a high-power delegation of Nigerians to Dubai, where he participated in the World Future Energy Summit.

Highlights of the deals included the pact signed between Justice Minister, Abubakar Malami, SAN and his counterpart in the United Arab Emirates, Sultan Bin Saeed Albadi on 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.

According to a statement by the Presidential spokesman, Femi Adesina on Tuesday, Nigeria’s Minister of Finance, Kemi Adeosun and the UAE Minister of State for Financial Affairs, Obaid Attayar signed the Avoidance of Double Taxation Agreement, while the Minister of Trade and Investment, Mr. Okechukwu Enelamah signed the Agreement on Trade Promotion and Protection with the UAE Minister of State for Financial Affairs.

At a reception after the signing of the agreements, the statement quoted Buhari as reiterating his administration’s commitment to fighting corruption and restoring Nigeria’s dignity in the comity of nations.

The President also urged 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 will be strengthened by President Buhari’s visit and the signing of the agreements.

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