On Tuesday, the Federal Government signed a new agreement with the Government of the United States of America, USA, for the repatriation of $23, 439, 724 allegedly looted by the late former military Head of State, General Sani Abacha.
While the Attorney-General of the Federation and Minister of Justice, [b]Mr. Abubakar Malami, SAN, represented the FG at the ceremonial signing of the asset return agreement at the Federal Ministry of Justice Headquarters in Abuja, the US government was represented by Mary Beth Leonar, the US Ambassador to Nigeria.
The AGF, Malami, SAN, said decision to return the stolen loot which he tagged as Abacha-5, was a product of series of negotiations and meetings between Nigeria, the US Department of Justice and the UK National Crime Agency, NCA.
“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”, Malami stated.