Maritime Nigeria

Main Menu

  • Home
  • News
  • Interviews
  • Maritime Info
  • Photo Gallery
  • Fact
  • Profiles

logo

Header Banner

Maritime Nigeria

  • Home
  • News
    • WTO Salute Nigeria Customs For Operational Strides

      Jun 27, 2025
      0
    • Nigeria Celebrate Seafarers On Seafarers Day 2025!

      Jun 25, 2025
      0
    • NPA Under Dantsoho What Does The Charts Indicate?

      Jun 17, 2025
      0
    • IMO ELECTION: Nigeria Assures On Quality Representation

      Jun 17, 2025
      0
    • Maritime Development: Nigeria, Korea Deepen Collaboration

      Jun 16, 2025
      0
    • Shipping and Plastic Pollution-The Dangers To Humanity

      Jun 16, 2025
      0
    • Ocean Conference: Nigeria Canvases Increased Funding For Developing Nations

      Jun 12, 2025
      0
    • NIMASA: Beyond BPSR-Proactivism, Broader Vision Crucial

      Jun 11, 2025
      0
    • Blue Economy: Oyetola Engage World Leaders In France

      Jun 10, 2025
      0
  • Interviews
    • Nigeria Takes Leadership Of MOWCA

      Nov 18, 2021
      0
    • APM Participates in UK Trade Expo

      Oct 31, 2021
      0
    • Reps Seek Admission at MAN

      Dec 7, 2020
      0
    • NIMASA URGE SHIP OWNERS TO RENEW CABOTAGE LICENSES

      Oct 5, 2020
      0
    • FG Sacks Aboloma As NAIC Gets New EDs

      Aug 28, 2020
      0
    • Britain Celebrate Nigerian In Covid Efforts

      Jul 26, 2020
      0
    • Zuckerberg Backs Trump Against Twitter

      May 28, 2020
      0
    • NAFDAC DG Sheds Light On Chloroquine, Herbals, Masks and Covid19

      May 12, 2020
      0
    • Reps Threaten MDAs

      Feb 24, 2020
      0
  • Maritime Info
    • 2023 POP: Minister Task Cadets On Blue Economy

      Dec 15, 2023
      0
    • Rector, Trainees Excited, Laud FG On Modern Academy

      Jan 26, 2023
      0
    • Buhari Redeploys Minister As NPA, NIMASA, MAN, Others Get New Boards

      Apr 7, 2022
      0
    • World Bank Endorse Nigerian Ports, Partners Navy On Capacity Building

      Mar 19, 2022
      0
    • NIMASA Commend Nigerian Navy, Reassures On Floating Dock

      Feb 9, 2022
      0
    • MAN Unveils Lighthouse For Training of Cadets

      Jan 27, 2022
      0
    • shipping

      Singapore Strait Dangerous To Shipping-ReCAAP

      Jan 24, 2022
      0
    • Lekki Deep Sea Port Will Increase Port Efficiency-Amaechi

      Jan 24, 2022
      0
    • Fair Competition: NSC Partners FCCPC For Effectiveness

      Jan 21, 2022
      0
  • Photo Gallery
    • SERAP Calls for Probe of Entire Privatization Processes 1999-2011

      Dec 4, 2017
      0
    • IMO Election: South Africa, Kenya, Liberia, Morroco and Egypt Make Category C

      Dec 2, 2017
      0
    • Maersk Ship on Fire as Coy Launches Six Container Lifting Tech

      Nov 2, 2016
      0
    • Captured Seafarers Languish In Captivity without Ransom

      Nov 1, 2016
      0
    • Niger Delta: Militants Ask FG to Include Former Agitators in Negotiations

      Nov 1, 2016
      0
    • Self-Audit: NIMASA Set to Review 3% Freight Charge

      Nov 1, 2016
      0
    • Recession: Japanese Shipping Companies to Merge

      Oct 31, 2016
      0
    • NSC Partners ICS on Capacity Building

      Oct 31, 2016
      0
    • AGAIN, APAPA CUSTOMS SURPASS MONTHLY TARGET WITH N33B COLLECTION

      Oct 5, 2016
      0
  • Fact
    • Maritime Police Boss Celebrate Workers

      May 1, 2025
      0
    • “VIN Is A Trade Tool, Not Punitive”-Customs

      Mar 2, 2022
      0
    • Blackmailers, False Publishers and Their Agents: Court Clears Rector

      Feb 18, 2022
      0
    • MAN Unveils Lighthouse For Training of Cadets

      Jan 27, 2022
      0
    • "APM Terminals Is Beyond Moving Boxes Around"-Laursen

      Jan 24, 2022
      0
    • MWUN: Welfare, Safety Our Priority-Adeyanju

      Dec 27, 2021
      0
    • Reversing the Trend: Koko Breaks Record at NPA

      Dec 24, 2021
      0
    • Minister Demands More From MAN At Passing Out Parade

      Dec 20, 2021
      0
    • MARITIME NIGERIA TASK NIMASA ON MARITIME DEVELOPMENT

      Dec 15, 2021
      0
  • Profiles
    • CMA CGM Brings AI Onboard

      Jun 5, 2018
      0
    • Customs Notify 577 Officers of Retirement by Eguono Odjegba

      Jan 12, 2018
      0
    • Over 100 Persons Feared Dead in Mediterranean Ship Wreck

      Nov 3, 2016
      0
    • Ballast Water: Panama Signs Up

      Oct 24, 2016
      0
    • Ist Half Report: Customs generate N385.7bn revenue

      Aug 15, 2016
      0
    • Minister/MD Speeches at the Launch of NPA's CCCIS

      Jul 23, 2016
      0
    • Face off Imminent as Dakuku Warn IOCs to Sit Up or Stay ...

      Jul 22, 2016
      0
    • Hadiza, Welcome to NPA

      Jul 16, 2016
      0
    • Habib Abdullahi Sacked Again from NPA

      Jul 12, 2016
      0
  • WTO Salute Nigeria Customs For Operational Strides

  • Nigeria Celebrate Seafarers On Seafarers Day 2025!

  • NPA Under Dantsoho What Does The Charts Indicate?

  • IMO ELECTION: Nigeria Assures On Quality Representation

  • Maritime Development: Nigeria, Korea Deepen Collaboration

News
Home›News›What to Expect After VAIDS-FG

What to Expect After VAIDS-FG

By Editor
Jun 25, 2018
1607
0
Share:

Nigeria is set to partner foreign consultants, comprising legal practitioners and other experts in Switzerland on a voluntary offshore asset repatriation scheme.

This is coming barely one week to the expiration of the Voluntary Assets and Income Declaration Scheme (VAIDS) which was extended to June 30 by President Muhammadu Buhari after the initial grace period lapsed.

Mr. Abubakar Malami, the Minister of Justice, disclosed this on the sideline of a meeting held at the Nigerian Embassy in Switzerland. Malami said that under the scheme, experts would collaborate with the Swiss Government to target funds that have not been identified in ongoing investigations.

It would be recalled that since 2015, $322 million looted funds have been repatriated from Switzerland.

According to Malami, Switzerland has been chosen as the pilot nation for the scheme, given the existing partnership on asset repatriation between both countries. “The success of the scheme in Switzerland will determine the inclusion of other nations,’’ the minister said.

He said Nigeria government was also involved in other international repatriation processes, noting the recent tripartite meeting held in the UK between Nigeria, US and the State of Jersey on asset recovery.

Speaking on the utilisation of the repatriated funds, Malami said that the monies were being channelled into various projects, closely monitored by the World Bank and the Swiss Civil Society Organisations.

“In a Memorandum of Understanding (MoU) on Repatriation, signed between Nigeria and Switzerland, there are check mechanisms imbedded in the agreement.

“These checks and balances will see to the effective and transparent utilization of the monies repatriated.’’

“These include monitoring by the world bank, the participation of the Swiss civil society and agreement of targeted projects, especially those related to social investments such as school feeding, entrepreneurial and skill acquisition programmes of the Federal government,’’ Malami said

He pledged the government’s continued commitment to preventing corruption; legislation, enforcement and recovery strategies in the campaign against corruption.

The minister noted that the Treasury Single Account (TSA) and electronic salary payment scheme (IPPIS) were among measures being applied to block leakages and loopholes in fostering corruption.

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • More
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on Telegram (Opens in new window)

Related

Previous Article

Get Your National Identity Number

Next Article

Queen Honours Three Nigerian

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Related articles More from author

  • News

    ITF Rescue Seafarers

    Oct 2, 2018
    By Editor
  • News

    Ngige Bemoans US Visa Ban

    Feb 19, 2020
    By Editor
  • FeaturedNews

    FG Set to Link Kaduna Port by Rail

    May 5, 2019
    By Editor
  • News

    Apapa Traffic: NPA Unveil Bikes to Monitor Traffic

    Feb 16, 2022
    By Editor
  • News

    FG Approves Itakpe-Ajaokuta Rail Project

    Aug 16, 2017
    By Editor
  • Maritime InfoNews

    Norway Prepares For Maritime Development

    Jun 5, 2019
    By Editor

Leave a Reply Cancel reply

  • FeaturedNews

    NIMASA Commits To Maritime Safety, Ease of Doing Business

  • News

    Shoppers Spend $25.3b In One Day

  • News

    OBj Visits his Teacher

Looking For Something?

Read From

  • Agriculture
  • Customs Operations
  • Fact
  • Featured
  • Interviews
  • Maritime Info
  • News
  • One Question
  • Photo Gallery
  • Profiles
  • sports

Just In

News

WTO Salute Nigeria Customs For Operational Strides

The Nigeria Customs Service (NCS) has again been commended by the Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, for its remarkable strides in customs modernisation and trade ...
  • Nigeria Celebrate Seafarers On Seafarers Day 2025!

    By Editor
    Jun 25, 2025
  • Nigeria Customs and India Strengthen Bilateral Ties in Brussels

    By Editor
    Jun 24, 2025
  • NPA Under Dantsoho What Does The Charts Indicate?

    By Editor
    Jun 17, 2025
  • IMO ELECTION: Nigeria Assures On Quality Representation

    By Editor
    Jun 17, 2025
  • Home
  • About Us
  • Contact Us
© 2013 Maritime Nigeria | All Rights Reserved