The Federal Government has signed an agreement with the United States of America for the repatriation of more assets stolen by the former leaders, including Late General Sani Abacha, worth $23 million.
The agreement was signed on Tuesday.
The Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN), signed the agreement on behalf of the Federal Government, while the US Ambassador to Nigeria, Mary Beth Leonard, signed for the government of the United States.
The AGF, in his speech shortly before signing the agreement, said the recovered assets, which were made possible with the cooperation of the governments of United States and United Kingdom would be used in the infrastructural development of the country.
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According to him, efforts were being intensified for the recovery and repatriation of more of the looted assets.
Malami noted that 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.
In 2006, about $723 million in Abacha loot was returned to Nigeria from Switzerland.
In 2020 equally, the US and Jersey also agreed to return over $308 million in confiscated funds to Nigeria.
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.