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Home » Nigeria » $300m Abacha, Alamieyeseigha’s loot: Nigeria, US sign MoU on repatriation of funds

$300m Abacha, Alamieyeseigha’s loot: Nigeria, US sign MoU on repatriation of funds

Olaotan Falade by Olaotan Falade
5 years ago
in Nigeria, World
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As part of bids to repatriate stolen funds starched in foreign countries, the Attorney-General of the Federation and Minister of Justice, Mr. Abubakar Malami, has signed an agreement with the United States of America spelling out the roadmap for the return to Nigeria over $300m looted by Nigeria’s former Head of State, the late Gen. Sani Abacha, and a former Governor of Bayelsa State, the late Diepreye Alamieyeseigha.

Malami said the US government had taken custody of the money, including parts of it stashed in the United Kingdom, France and Jersey.

This is contained in the speech delivered by the AGF at Chatham House, London in the UK on Thursday.

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A copy of the speech made available to journalists in Abuja by the minister’s Special Adviser on Media and Publicity, Mr. Salihu Isah, via e-mail, was titled, ‘Nigeria’s Anti-Corruption Effort: Working with the Media, Civil Society and International Partners’.

The minister stated that the US government took custody of the over $300m following forfeiture orders made by American courts.

He said of the $300m, the sums of $1.6m and £21.7m were in the UK, $145m was stashed in France, and $299m in Jersey.

The disclosure by the AGF followed an earlier tripartite agreement he signed alongside the representatives of the Swiss government and World Bank for the return by Switzerland to Nigeria the sum of $321m looted by Abacha and members of his family.

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As part of bids to repatriate stolen funds starched in foreign countries, the Attorney-General of the Federation and Minister of Justice, Mr. Abubakar Malami, has signed an agreement with the United States of America spelling out the roadmap for the return to Nigeria over $300m looted by Nigeria’s former Head of State, the late Gen. Sani Abacha, and a former Governor of Bayelsa State, the late Diepreye Alamieyeseigha. Malami said the US government had taken custody of the money, including parts of it stashed in the United Kingdom, France and Jersey. This is contained in the speech delivered by the AGF at Chatham House, London in the UK on Thursday. A copy of the speech made available to journalists in Abuja by the minister’s Special Adviser on Media and Publicity, Mr. Salihu Isah, via e-mail, was titled, ‘Nigeria’s Anti-Corruption Effort: Working with the Media, Civil Society and International Partners’. The minister stated that the US government took custody of the over $300m following forfeiture orders made by American courts. He said of the $300m, the sums of $1.6m and £21.7m were in the UK, $145m was stashed in France, and $299m in Jersey. The disclosure by the AGF followed an earlier tripartite agreement he signed alongside the representatives of the Swiss government and World Bank for the return by Switzerland to Nigeria the sum of $321m looted by Abacha and members of his family.
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