Home » Headlines, Presidency, Sani Abacha (1993-98) » FG, US sign agreement for return of fresh $23.4m Abacha loot (It will be re-embezzled – US should keep the money and use it to train Nigerian students at US universities)

FG, US sign agreement for return of fresh $23.4m Abacha loot (It will be re-embezzled – US should keep the money and use it to train Nigerian students at US universities)

FG, US sign agreement for return of fresh $23.4m Abacha loot

By Ikechukwu Nnochiri, ABUJA

The Federal Government, on Tuesday, signed a fresh agreement with the Government of the United States of America, USA, for the repatriation of a total sum of $23, 439, 724 that was allegedly looted by the late former military Head of State, General Sani Abacha.

While the Attorney-General of the Federation and Minister of Justice, Mr. Abubakar Malami, SAN, represented FG in the ceremonial signing of the asset return agreement held at the Federal Ministry of Justice Headquarters in Abuja, the US government, was represented by its Ambassador to Nigeria, Mary Beth Leonard.

The AGF, Malami, SAN, said decision to return the stolen loot which he tagged as Abacha-5, was a product of series of negotiations and meetings between Nigeria, the US 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

“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”, Malami stated.

More details shortly.

-VANGUARD

Short URL: http://newnigerianpolitics.com/?p=64178

Posted by on Aug 23 2022. Filed under Headlines, Presidency, Sani Abacha (1993-98). You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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