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USA To Return $23 Abacha Loot, Signs Agreement With FG - Politics - Nairaland

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FG, US Sign Agreement For Return Of Fresh $23.4m Abacha Loot / The Men Who Helped Abacha Launder $23 Million Recently Recovered By UK / Labour Suspends Strike, Signs Agreement (2) (3) (4)

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USA To Return $23 Abacha Loot, Signs Agreement With FG by Azeemokoya: 9:29pm On Aug 23, 2022
Nigeria and the United States government have reached an agreement on the return of over $23 million of the Abacha loot.

The agreement signing ceremony was held in the office of the Minister of Justice and Attorney General of the Federation, Mr. Abubakar Malami on Tuesday, August 23.


While Mr. Malami signed on behalf of the Nigerian government, the U.S Ambassador to Nigeria, Mary Beth Leonard signed on the behalf of the U.S government.

According to Mr Malami, the fund when returned will be invested in three ongoing projects by the Federal Government, including the ongoing Abuja-Kaduna road and the 2nd Niger Bridge.


Nigeria has in the past recovered several other tranches of the Abacha loot, which are proceeds believed to have been diverted from public coffers by the military administration of General Sani Abacha in the 1990s.


In 2020, the US and Jersey also agreed to return over $308 million in confiscated funds to Nigeria.

In 2006, about $723 million in Abacha loot was returned to Nigeria from Switzerland.

The decision to restore the stolen goods, which the AGF, Malami, SAN, referred to as the “Abacha-5,” was the result of discussions and talks 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

https://newsroundtheclock.com/usa-to-return-23-abacha-loot-signs-agreement-with-fg/

Re: USA To Return $23 Abacha Loot, Signs Agreement With FG by 2moroshine(f): 9:30pm On Aug 23, 2022
Back to back looting.
Re: USA To Return $23 Abacha Loot, Signs Agreement With FG by Michelle70(m): 9:30pm On Aug 23, 2022
ok
Re: USA To Return $23 Abacha Loot, Signs Agreement With FG by derecho(m): 9:37pm On Aug 23, 2022
Biden no dey read Nigerian news?
So he wants Buhari to buy Presidential jets for Niger Republic?

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