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US Sign Agreement With FG To Return Back $23m Abacha Loot

US Sign Agreement With FG To Return Back $23m Abacha Loot

The government of the United States will return of over $23million that was stolen by former Nigerian Military Head of State, General Sani Abacha.

This follows an agreement signing ceremony in the office of the Minister of Justice and Attorney General of the Federation, Mr. Abubakar Malami on Tuesday.

While Mr. Malami signed on behalf of the Nigerian government, 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, which are proceeds believed to have been diverted from public coffers by the military administration of General Sani Abacha in the 1990s.

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

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


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