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Nigeria set to get another $500m Abacha loot

AGF Abubakar Malami

Nigeria will soon repatriate another $500 million which late Sani Abacha looted and locked up in other countries in addition to the $322 million recovered from Switzerland.

The monies are expected to be repatriated from the UK, US, France and other countries,

Minister of Justice and Attorney General of the Federation, Abubakar Malami, on Wednesday said this after the Federal Executive Council meeting in Abuja.

“Nigeria has engaged other countries, including the UK, US, France and others, in further negotiations relating to repatriation.

“I am happy to report that we are almost concluding the processes relating to the repatriation of additional $500 million,”Malami said. According to the Nation, Malami said this is in addition to the $322 million released by Switzerkand after negotiations.

“You will recall that in December 2017, the federal government participated in a global forum on asset recovery in Washington DC during which Nigeria and Switzerland signed an agreement that paved the way for the repatriation of $322 million.”

“What transpired was only reported back to the council today. The report today was not only about the signing of the agreement but the report of the eventual repatriation of the amount of money that was signed and agreed to be repatriated during the forum”.