₦airaland Forum

The U.S. is opposing plans by Nigeria’s government to hand about $100 million the American authorities say was stolen by deceased former dictator Sani Abacha to a top ruling party official.

Nigeria is committed to a deal that would help Kebbi State Governor, Atiku Bagudu, keep over $100 million from funds stolen by late kleptocrat, Sani Abacha, according to court documents reported by Bloomberg, putting cooperation with the United States over Abacha loot recovery at risk.

The disagreement may hamper future cooperation between the two nations to recover state money moved offshore by Abacha, who Transparency International estimates may have looted as much as $5 billion during his 1993-98 rule. A commitment by Nigeria to transfer the funds to Kebbi state Governor Abubakar Bagudu appears to undermine Nigerian President Muhammadu Buhari’s pledge to quell rampant graft in Africa’s top oil producer.

The U.S. Department of Justice says Bagudu was involved in corruption with Abacha. The DoJ also contends that the Nigerian government is hindering U.S. efforts to recover allegedly laundered money it says it’s traced to Bagudu. Buhari’s administration says a 17-year-old agreement entitles Bagudu to the funds and prevents Nigeria from assisting the U.S., according to recent filings from the District Court for the District of Columbia in Washington.

“This case illustrates how complex............................https://janefblog.com/us-exposes-plans-by-fg-to-hand-over-100m-of-abachas-loot-to-kebbi-state-governor/

janefblog:
The U.S. is opposing plans by Nigeria’s government to hand about $100 million the American authorities say was stolen by deceased former dictator Sani Abacha to a top ruling party official.

Nigeria is committed to a deal that would help Kebbi State Governor, Atiku Bagudu, keep over $100 million from funds stolen by late kleptocrat, Sani Abacha, according to court documents reported by Bloomberg, putting cooperation with the United States over Abacha loot recovery at risk.

The disagreement may hamper future cooperation between the two nations to recover state money moved offshore by Abacha, who Transparency International estimates may have looted as much as $5 billion during his 1993-98 rule. A commitment by Nigeria to transfer the funds to Kebbi state Governor Abubakar Bagudu appears to undermine Nigerian President Muhammadu Buhari’s pledge to quell rampant graft in Africa’s top oil producer.

The U.S. Department of Justice says Bagudu was involved in corruption with Abacha. The DoJ also contends that the Nigerian government is hindering U.S. efforts to recover allegedly laundered money it says it’s traced to Bagudu. Buhari’s administration says a 17-year-old agreement entitles Bagudu to the funds and prevents Nigeria from assisting the U.S., according to recent filings from the District Court for the District of Columbia in Washington.

“This case illustrates how complex............................https://janefblog.com/us-exposes-plans-by-fg-to-hand-over-100m-of-abachas-loot-to-kebbi-state-governor/

shey una no go talk now..all sai baba crew..OK,president Abba kyari must hear this..let me phone him.

Ok

Ever since he has been recovering money, he has found one way or the other to take it to the north.