Home Latest FG Set To Receive Another $500m Abacha Loot

FG Set To Receive Another $500m Abacha Loot

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The federal government of Nigeria, has agreed to a deal with some foreign countries for the return of $500 million in public funds stolen by some government officials.

Justice Minister and Attorney General Abubakar Malami disclosed this to Journalists in Abuja.

He added that countries including the U.S., the U.K. and France are helping to repatriate the funds. “We are almost concluding the processes,” he said.

Under terms agreed with the U.S., specific projects have been identified, to which the funds will be committed when returned to the West African country, according to the minister.

A former Nigerian military ruler General Sani Abacha, who died in 1998, is alleged by the authorities to have siphoned more than $3 billion to foreign bank accounts, which are still being traced and returned to Nigeria

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