Be Ready To “Replace” Returned $300m Abacha Loot If Misused, United States Tells Nigerian Government

According to the U.S. Justice Department, the money must be used for the agreed public projects highlighted in the agreement signed with it before the fund was returned to Nigeria.

The United States Government has told Nigeria to be ready to “replace” the $300m General Sani Abacha loot it returned to the country if the fund was misused.

According to the U.S. Justice Department, the money must be used for the agreed public projects highlighted in the agreement signed with it before the fund was returned to Nigeria.

The United States and the British dependency of Jersey agreed with the Nigerian Government in February to return the $300m Abacha loot, according to Reuters.

The U.S. Justice Department outlined the so-called "claw back" provision in a response to a query from a powerful American senator questioning the prudence of returning the cash.

"Should any of the parties — including the United States —conclude that any of the returned funds had been used for an ineligible expenditure, a "claw-back" provision would then obligate the FRN (Nigeria) to replace fully any such improperly diverted monies," the letter said.

It did not specify how and to whom the money would be "replaced".

The provision is notable as Nigeria continues efforts to repatriate money allegedly stolen during Abacha's brutal regime from 1993 until his death in 1998.

Transparency International estimates that he stole as much as $5bn of public funds during that time.

https://saharareporters.com/2020/05/04/be-ready-%E2%80%9Creplace%E2%80%9D-returned-300m-abacha-loot-if-misused-united-states-tells-nigerian

Abacah is not corrupted na even Buhari said so, they should not lie against him pls.

How can U S ask our government to return the money back if misused?

How does that concerns them.

As if they meant it...

This is a disgrace on this nation which have been accused of housing "fantastically corrupt" people.They know our leadership is filled with crooks with absolutely corrupt minds.US should pls keep an eye on governor Atiku Bagudu

It will surely be misused so US should not waste it's time , Buhari will give half to Bagudu and the claim to distribute the rest as palliative on the streets of Kano

Bubu sabi work but e stingy for update.

Good abeg make US warn them well Maybe na US dem go listen to

Replace ke? Is it your money?

Look at the disrespect we face as a sovereign nation over a money that belongs to us o, just because our past leaders have been figures of international embarrassment.

NOI is yet to explain to us how about the $250 million released to us out of $500 million abacha loot was withdrawn and misappropriated.

The cash was released to the Office of National Security Adviser( ONSA) without appropriation.

About $36,155,000 (N13,015,800 billion) out of the $250million was also withdrawn in cash “without any purpose” on March 2nd, 9th, 16th and 18th of 2015.

If the past governments can't do well to judiciously spend the repatriated loots, then it is expected that we will face this kind of public embarrassment

[s]

Paperwhite:
This is a disgrace on this nation who have been accused of housing "fantastically corrupt" people.The know our leadership is filled with crooks with absolutely corrupt minds.US should pls keep an eye on governor Atiku Bagudu

[/s]

[s]

GamalNasser:
It will surely be misused so US should not waste it's time , Buhari will give half to Bagudu and the claim to distribute the rest as palliative on the streets of Kano

[/s]

I don't think the money will reflect on the citizen. Looting spree activated.

Sorry US. If the money is misused, we won't be able to refund it because those who misuse it would have be stroked by Thunder. Ogun, Sango, Osun, Obatala and Esu Odara will kill such looters.

[s]

Officialgarri:

[/s]

let dem deposit dat money 2 my account i swear it i will feed d whole lagos for 4weeks d remainin money will be mine 50/50 chop and chop God no go vex

Lol... Does buhari listen?

Lol. So the US already know how corrupt mr integrity is.

[s]

Corporate2020:
Sorry US. If the money is misused, we won't be able to refund it because those who misuse it would have be stroked by Thunder. Ogun, Sango, Osun, Obatala and Esu Odara will kill such looters.

[/s]

[s]

willyo:
Lol. So the US already know how corrupt mr integrity is.

[/s]

that should have been directed at Okonja Iweala and GEJ

K

Audio projects loading

Mark my word. Abubakar Mallami will seat on that money till December 2022. 6 months to their hand over he will pocket the money and wait for the next government to face the U.S

The US are now making sure we don’t reloot our resources.

Malami = prison

Money wey don miss road already...

The shame of being a Nigerian

How can somebody return your money to you, and still give you conditions on how to spend it.

America is truly the world police

Stalwert:
that should have been directed at Okonja Iweala and GEJ

But your darling Daddy once said Abacha never stole a dime.

Thats very good

In the next 15 years, half of the Nairalanders from Enugu will be product of baby factories. Sad. Let them keep worshipping Nnamdi Kanu.