A fresh agreement has been signed on Tuesday, between the Federal Government and the Government of the United States of America, USA, for the repatriation of a total sum of $23,439,724 that was allegedly looted by the late former military Head of State, General Sani Abacha.
The signing of asset return agreement held at the Federal Ministry of Justice Headquarters in Abuja, was done by the Attorney-General of the Federation and Minister of Justice, Abubakar Malami, SAN, on behalf of federal government while the US government, was represented by its Ambassador to Nigeria, Mary Beth Leonard.
This was achieved after series of negotiations and meetings between Nigeria, the US Department of Justice and the UK National Crime Agency, NCA.
According to Malami, “It is worthy to note that in line with the terms of this Agreement, Mr. President had already approved the funds to be utilized for the ongoing Presidential Development Infrastructural Funds, PIDF, projects namely; Abuja-Kano Road, Lagos-Ibadan Express Way and the Second Niger Bridge under the supervision of Nigerian Sovereign Investment Authority, NSIA
“The President’s mandate to my office is to ensure that all international recoveries are transparently invested and monitored by civil society organization to compete these three projects within the agreed timeline.”
More details later…