Nigeria Signs Agreement to Repatriate another $318m Abacha Loot

Abacha loot, Agreement, US, Nigeria, Malami

Nigeria’s government has entered into an agreement with the United States of America and the Island of Jersey to return over $318 million allegedly siphoned by late former Head of State, Sani Abacha, back to Nigeria.

This was made known at the ongoing 5th Session of the US-Nigeria Binational Commission, BNC, holding at the US Department of State in Washington DC in the US.

Nigeria’s minister of foreign affairs, Geoffrey Onyeama, explained that they are perfecting all legal processes to repatriate the stolen funds, while minister of justice, Abubakar Malami, SAN, who signed the tripartite agreement on behalf of Nigeria, told reporters in an interview that the agreement was to ensure that the money was used for developmental purposes, and not re-looted.


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