Nigeria, US Sign Agreement On Return Of Abacha’s Loot
Will an end ever come to the loot stashed away in foreign accounts by former Head of State, late General Sani Abacha?
His loots have been serving past administrations since 1999 and it is interesting to note that it is also serving the current government.
More money is coming back to Nigeria.
The Attorney-General of the Federation and Minister of Justice, Abubakar Malami, has signed an agreement with the United States of America spelling out the roadmap for the return to Nigeria over $300 million looted by Nigeria’s former Head of State, the late General Abacha, and a former Governor of Bayelsa State, the late Diepreye Alamieyeseigha.
Malami said the US government had taken custody of the money, including parts of it stashed in the United Kingdom, France and Jersey.
This is contained in the speech delivered by the AGF at Chatham House, London in the UK on Thursday.
A copy of the speech made available to journalists in Abuja by the minister’s spokesman, Salihu Isah, via e-mail, was entitled, 'Nigeria’s Anti-Corruption Effort: Working with the Media, Civil Society and International Partners'.
The minister stated that the US government took custody of the over $300 million following forfeiture orders made by American courts.
He said of the $300 million, the sums of $1.6 million and £21.7 million were in the UK, $145m was stashed in France and $299 million in Jersey.
The disclosure by the AGF followed an earlier tripartite agreement he signed alongside the representatives of the Swiss government and World Bank for the return by Switzerland to Nigeria the sum of $321 million looted by Abacha and members of his family.
FOR MORE FRESH STORIES, DOWNLOAD BOUNCE NEWS APP HERE
Bounce Exclusive: The New Age of #DigitalRunsGirls