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FG RECEIVES $311 MILLION ABACHA LOOT FROM USA


The Federal Government has received 311 million dollars recovered assets of General SANI ABACHA repatriated from the United States and the Bailiwick of Jersey.

 

The Attorney-General of Federation and Minister of Justice, ABUBAKAR MALAMI, confirmed this in a statement by the Special Assistant on Media and Public Relations at his office, Dr UMAR GWANDU.

 

According to MALAMI, the amount increased significantly from over 308 million dollars mentioned in an earlier statement in February to over $311million as a result of the interest that accrued from February 3 to April 28, when the fund was transferred to the Central Bank of Nigeria.

 

He noted that the litigation process for the return of the assets commenced in 2014, while the diplomatic process that culminated in the signing of the Asset Return Agreement commenced in 2018.

 

The minister insisted that the latest recovery would support and assist in expediting the construction of three major infrastructure projects across Nigeria, which are Lagos – Ibadan Expressway, Abuja – Kano Road, and the Second Niger Bridge.

 

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