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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.



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