JUST IN: US to return another $23m Abacha loot, Nigeria already has plans for it

The Nigerian and US governments have struck a deal on repatriating of about $23 million from recovered loot of former military dictator, Gen Sani Abacha.

The agreement signing ceremony was held in the office of the Minister of Justice and Attorney General of the Federation (AGF) Mr. Abubakar Malami on Tuesday.

Read also:Group decries inability of govt to use Abacha loot to transform fortunes of Nigerians

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.

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now