UK, US, France return $500m Abacha loot

Late General Sani Abacha reportedly looted $5 billion
Late General Sani Abacha reportedly looted $5 billion
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US, UK and France will return $500m loot by late General Sani Abacha to Nigeria
Late General Sani Abacha was a former dictator who looted Nigeria’s treasury to foreign countries

The UK, US and France are expected to return to Nigeria $500m million loot which late dictator General Sani Abacha looted to other countries.

The Minister of Justice and Attorney General of the Federation, Mr. Abubakar Malami, said this on Wednesday after the Federal Executive Council meeting in Abuja.

This is in addition to the $322 million Abacha loot which Nigeria recovered from Switzerland.

“Nigeria has engaged other countries, including the UK, US, France and others, in further negotiations relating to repatriation.

Deal of the day

“I am happy to report that we are almost concluding the processes relating to the repatriation of additional $500 million,” Malami said.

According to The Nation, Malami said this is in addition to the $322 million released by Switzerkand after negotiations.

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“You will recall that in December 2017, the federal government participated in a global forum on asset recovery in Washington DC during which Nigeria and Switzerland signed an agreement that paved the way for the repatriation of $322 million.”

“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”.

FEC presided over by President Muhammadu Buhari, approved N185.2billion for the rehabilitation, repairs and reconstruction of 14 roads across the country.

The Special Adviser to the President on Media and Publicity, Mr Femi Adesina, also said alongside Ministers of Health Prof. Isaac Adewole and his Industry, Trade and Investment counterpart Mr Okechukwu Enelamah.

He said the road projects were located in Yobe, Adamawa, Benue, Kwara, Ekiti, Lagos, Ogun, Edo, Enugu, Borno, Anambra and Sokoto states.