Attorney-General of the Federation and Minister of Justice, Abubakar Malami, has announced that the Nigerian government on Monday received $311,797,866 of the Abacha loot.

The money was repatriated from the United States and the Bailiwick of Jersey after a recent agreement.

Malami, in a statement by his Spokesman, Umar Gwandu, said the amount increased from over $308 million two months ago to $311 million because of the interest that accrued.


He noted that the litigation process for the return of these assets titled “Abacha III” commenced in 2014, while the diplomatic process that culminated into the signing of the Asset Return Agreement in February.

“This Agreement is based on international law and cooperation measures that sets out the procedures for the repatriation, transfer, disposition and management of the assets.

“In line with the 2020 Asset Return Agreement, the fund has been transferred to a Central Bank of Nigeria Asset Recovery designated account and would be paid to the National Sovereign Investment Authority (NSIA) within the next fourteen days.

“The NSIA is responsible for the management and execution of the projects to which the funds will be applied,” the Minister has said.

Malami said the money will be used to fund projects including Lagos – Ibadan Expressway, Abuja – Kano Road, and the Second Niger Bridge.

To ensure transparent management of the returned assets, the Nigerian government promised to, “engage a Civil Society Organisation, who has combined expertise in substantial infrastructure projects, civil engineering, anti-corruption compliance, anti-human trafficking compliance, and procurement to provide additional monitoring and oversight.”

https://dailypost.ng/2020/05/04/breaking-buhari-govt-receives-312m-abacha-loot-from-us/

No link

lies

Sen. Chris how far?

Sinzu don cash out again.

.

Another money to loot for this Clueless and useless government!!

This government will loot the money again

Yesterday i saw some narialanders saying USA don chop our money.
If President Donald Trump is able to propose 2 trillion dollars as stimulus package don't you think $308 million na change for their eye.

And Government cannot point to a particular Thing or Project, Big or Small that they've achieved with the money. Since 1960 up till now, we've been experiencing bad leadership as the days go by.
The problem with our leadership is their MINDSET, even the ordinary citizens are not left out of this MINDSET.

Nigerian polithiefcians on hearing dis news and knowing alert dey come.....

[img]https://media1./images/d5bd4e441ed3a7a4606e31c41a2b16c5/tenor.gif?itemid=15595949[/img]

If there's any wise one among them the cash will go a long way for Nigeria's betterment.

I believe each Nigerian citizen should be entitled to $1m, excluding those who deny that they are Nigerians.

let's pray it serve the purpose it was repatriated for