The Federal Government says it has concluded plans to
repatriate another $321million Abacha loot in a tripartite understanding
between the Island of Jersey, the United States of America and Nigeria.
The Attorney General of the Federation and Minister of
Justice, Abubakar Malami, who made this known to newsmen, said the repatriation
agreement would be signed sometime nextweek. He said the decision was taken at
the Federal Executive Council meeting presided over by the President Buhari
today Wednesday January 29th.
Malami said based on
the Memorandum of Understanding reached by the three parties, the repatriated
loot would be used to finance key projects such as the Lagos-Ibadan Expressway,
the 2nd Niger Bridge and the Kadu-Kano Expressway.
The Minister also
disclosed that €6.8m traced to convicted former Governor of Delta State, James
Ibori, would also be repatriated but said negotiations had yet to start on the
Ibori loot. Recall that in 2012, a UK court sentenced Ibori who was governor
from 1999 to 2007, to prison after convicting him of fraud and money
laundering.
The Minsiter also
mentioned that discussions would soon start on looted assets linked to
embattled former Minister of Petroleum Resources, Dezieni Alison-Madueke.
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