Nigeria and the United States government have reached an agreement on the return of over $23 million of the Abacha loot KossyDerrickBlog KossyDerrickEnt

KossyDerrickEnt

Your favourite Entertainment Blog for: Trending Gist in Nigeria, South Africa, Kenya and other African countries, Social Media Trending Topics & Opinions, Food, Comedy, Hollywood Celebrity Gist and Celebrity Gist in Nigeria & Africa. For promotions, sponsored posts, adverts and submission of news or gist, contact us: [email protected]

Breaking News

Search This Blog

Translate

Tuesday, August 23, 2022

Nigeria and the United States government have reached an agreement on the return of over $23 million of the Abacha loot

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. 

Mr. Malami signed on behalf of the Nigerian government and 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. 

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

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

No comments:

Advertise With Us