The United States government and the Bailiwick of Jersey
have released $312 million recovered loot of General Sani
Abacha to the Nigerian government.
Attorney-General of Federation and Minister of Justice,
Abubakar Malami, disclosed this on Monday in a statement
by his media aide, Dr Umar Gwandu.
Malami said the recovered loot will be used for expediting
the construction of three major infrastructure projects across
Nigeria – Lagos – Ibadan Expressway, Abuja – Kano Road,
and the Second Niger B
He said the litigation process for the return of the assets
titled ‘Abacha III’ commenced in 2014 while the diplomatic
process that culminated in the signing of the Asset Return
Agreement commenced in 2018.
Malami said the amount increased significantly from over
$308 million 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.
The minister noted that the recovered loots were
transparently and judiciously deployed in supporting
indigent Nigerians as specified in the agreement signed with
Switzerland and the World Bank.
The statement read in part: “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.”

Read more at
https://politicsnigeria.com/us-releases-312-million-abacha-loot-to-nigerian-government/

GOD bless u abacha....atleast u left some inheritance for us.