U.S To Repatriate Fresh $23m Abacha Loot To Nigeria
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Nigeria News
The Nigerian government, on Tuesday, signed a fresh agreement
with the U.S. government for the return of over $23 million looted by the late
dictator Sani Abacha.
The Attorney-General of the Federation and
Minister of Justice, Abubakar Malami, represented the federal government at
the agreement signing ceremony held at the Federal Ministry of Justice in
Abuja on Tuesday.
Mary Leonard, U.S. ambassador to Nigeria, signed
the agreement on behalf of her country.
READ: How N65bn Abacha Loot Was Spent – Ngozi Okonjo-Iweala
She said $23 million adds to the $311.7 million Abacha loot repatriated
from the U.S. to Nigeria in 2020.
Mr Malami, a Senior Advocate of
Nigeria (SAN), said the decision to return the fresh tranche totaling
$23,439,724, which he termed ‘Abacha-5’, was a product of series of tripartite
negotiations between Nigeria, the U.S. Department of Justice and the UK
National Crime Agency, NCA.
“It is worthy to note that in line
with the terms of this Agreement, Mr. President had already approved the funds
to be utilized for the ongoing Presidential Development Infrastructural Funds,
PIDF, projects namely; Abuja-Kano Road, Lagos-Ibadan Express Way and the
Second Niger Bridge under the supervision of Nigerian Sovereign Investment
Authority, NSIA.
READ: EFCC To Quiz Top Lawyer Over £22.5M Abacha Loot
“The President’s mandate to my office is to ensure that all
international recoveries are transparently invested and monitored by civil
society organization to compete these three projects within the agreed
timeline,” the AGF explained.
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