Late. Gen. Sani Abacha
NIGERIA TO RECEIVE ANOTHER $500 MILLION ABACHA LOOT
It was all cheers as The Federal Executive Council (FEC) rose from its weekly meeting in the State House Abuja Wednesday with the News of the forthcoming repatriation of $500 million loot from United Kingdom, United States and France to Nigeria.
The money was part of the huge sums looted by the former despotic leader, Gen. Sani Abacha.
While briefing journalists at the end of the meeting, the Attorney General of the Federation (AGF) and Minister of Justice, Malam Abubakar Malami, made the disclosure saying, the move was the fallout of negotiations between the federal government and the three countries.
According to him, the expected sum is coming barely a few months after the repatriation of $322 million Abacha loot to Nigeria from Switzerland following an agreement signed by Nigeria and Switzerland.
Justice Malami, said the processes leading to the repatriation and the aftermath were reported to the council Wednesday.
He said, “ You will recall that in December 2017, the federal government participated in global forum on asset recovery in Washington DC and during that forum, Nigeria and Switzerland signed agreement that paved the way for the repatriation of $322 million relating to looted assets and on the account of that the amount was eventually repatriated back to Nigeria.
“What transpired was only reported back to the council today. The report today was not only about the signing of the agreement but the report of the eventual repatriation of the amount of money that was signed and agreed to be repatriated during the forum.
“Nigeria has also engaged other countries including the UK, US, France and others in further negotiations relating to repatriation and I am happy to report that we are almost concluding the processes relating to the repatriation of additional $500 million,” Malami said.
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