Abacha Loot: Nigeria Receives $311m Credit Alert From U.S

PDP Not Happy Because They Are Not In Power To Share Abacha's Loot As Usual - Issa-Onilu

Abacha Loot: Nigeria Receives $311m Credit Alert From U.S

The federal government of Nigeria has received $311,797,866.11 recovered assets of General Sani Abacha repatriated from the United States and the Bailiwick of Jersey.

The Attorney-General of Federation and Minister of Justice, Abubakar Malami, confirmed this on Monday.

According to Malami, the amount increased significantly from over $308 million mentioned in an earlier statement in February to over $311million as a result of the interest that accrued from February 3 to April 28, when the fund was transferred to the Central Bank of Nigeria.

“The Asset Return Agreement is based on international law and cooperation measures that sets out the procedures for the repatriation, transfer, disposition, and management of the assets,” he said.

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PDP Not Happy Because They Are Not In Power To Share Abacha's Loot As Usual - Issa-Onilu - Cliq NG
8 months ago

[…] the avoidance of doubt, the Federal Government on Monday confirmed the receipt of some $311million, stolen from Nigeria during the military regime of Gen. Sani Abacha and repatriated from the United […]

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