Worldwide

Abacha Loot: US, Jersey, repatriate N112 billion laundered by Kebbi governor, Bagudu

Abacha Loot: US, Jersey, repatriate N112 billion laundered by Kebbi governor, Bagudu”

The Attorney-General of the Federation (AGF) and Minister of Justice, Abubakar Malami (SAN) said the Federal Government has established record of people-oriented utilization of recovered assets and strong commitment to transparency and accountability through the diligent implementation of projects agreed upon.

The Federal Government, the United States of America (USA) and the Island of Jersey on Monday signed a tripartite agreement on the return of $318,460,329 looted by late former military Head of State, General Sani Abacha.

"The Department of Justice, on behalf of the USA government, has executed a trilateral agreement with the governments of the Federal Republic of Nigeria (Nigeria) and the Bailiwick of Jersey (Jersey) to repatriate to Nigeria approximately $308 million traceable to the kleptocracy of former Nigerian dictator Sani Abacha and his co-conspirators", the statement said on Monday.

In April 2018, Nigeria announced that it had received more than $300m from Switzerland as part of money seized from the family of Abacha.

"The funds will be used by the Nigerian Independent Sovereign Authority for three infrastructure projects in strategic economic zones across Nigeria".

"At the time the case was filed as part of the U.S. Department of Justice's Kleptocracy Asset Recovery Initiative in 2013, it was the largest U.S. kleptocracy forfeiture action ever commenced". We welcome President Buhari's personal commitment to that fight, and we will continue to support civil society and other Nigerian efforts to combat corruption at all levels. The Nigerian government was also required to set up a Monitoring team to oversee the implementation of the projects and to provide regular progress reports.

The return of the funds was delayed by a number of legal challenges in Jersey and USA courts, which were defeated.

"The Agreement establishes a framework based on fruitful co-operation, trust and respect so that the forfeited funds can be repatriated to benefit the people of Nigeria, from whom they had been taken".

The Ministry of Foreign Affairs, in a statement made available to Daily Sun in Abuja by its spokesperson, Ferdinand Nwonye, said the agreement was signed at the United States' Department of States, Washington DC.

"Their excellent level of cooperation in the fight against corruption, at domestic and global levels, should be an example for other jurisdictions to follow".

He said the proposed investments would benefit the citizens of the regions where he roads constructions would be done.



Like this

loading...
loading...

Latest


04 February 2020
Ashley Graham & Husband Justin Ervin Reveal Their Newborn Son's Name!
Graham says she gave birth to Isaac at home because her "anxiety would have been through the roof" at a hospital. He also said that Giovanni (the Italian equivalent of John) is a tribute to both his and Graham's grandfathers.

04 February 2020
Steam breaks concurrent user record with a whopping 18.8 million players
There's roughly 264,000 more users logged in at once now than two years ago, representing a 1.42% increase in concurrent users. Steam has hit a new milestone, hitting a record-high 18.8 million concurrent users a little earlier today.

04 February 2020
Student athletes hit by truck in Moore; one dead
All students will be informed of the accident and of Rachel's passing by their first hour teacher tomorrow. "We want to help". The school district announced a trauma team from the Oklahoma State Department of Education will be at the school Tuesday.

04 February 2020
Coronavirus Has Not Reached Pandemic Status, Says WHO
He also said the United States is "always planning for eventualities and how we may be asked by civilian partners to assist". Beijing, however, is upset that a number of countries are restricting travelers from China from crossing their borders.

04 February 2020
Kathleen Kennedy Hints at Future Star Wars Movie Female Director
And if you enjoy listening to film podcasts, why not check out Small Screen Radio wherever you get your podcasts! Then we'll finally crack open what could be one of the strangest, most obscure secrets in the sequel trilogy.

04 February 2020
College basketball: Stanford ends skid, upsets No. 11 Oregon
Stanford (16-5, 5-3 Pac-12) trailed 44-35 with 14 1/2 minutes left, then held the Ducks without a basket for the next 10 minutes. A silver liner to get your Cardinal has been that the drama of forwards Oscar da Silva , that had 22 points along to 8 rebounds.

04 February 2020
Beach Boys' Brian Wilson Opposes Performance at Hunting Convention
Wilson tweeted that he and Al Jardine had nothing to do with the event, where Donald Trump Jr is a speaker. This newspaper previously reported on one of their most prolific members, a businessman from Britain.

04 February 2020
Homeland Security Offered to Help Iowa Dems With Caucus Prep...They Refused
While the results aren't officially out yet, several candidates are using internal data to declare themselves the victor . In recent years, the victor in Iowa has also ended up becoming the Democratic nominee .

30 August 2019
The FIBA Basketball World Cup Is Starting, Can Someone Stop Team USA?
The two Balkan sides have a bunch of NBA stars in their ranks, as well as players from the top European basketball leagues. The teams will then have the chance to rest for 2 days, before returning for the second group stage on September 7 th .

18 April 2018
Does Asox9 Have Side Effects?
What Are Asox9's Ingredients? Asox9 was created by Christopher Gordon, a scientist who suffered problems with erection himself. Zinc – Zink is the main compound that can be found in Oysters, which are known to be one of the greatest aphrodisiacs.