Nigerian Government said it has concluded plans to repatriate another $321million Abacha loot in a tripartite understanding between the Island of Jersey, the United States of America and Nigeria.
Federal Executive Council (FEC) on Wednesday approved the signing of an agreement with the Island of Jersey and the United States of America for the repatriation of the said $321m stolen assets recovered from the former military ruler, late Gen. Sani Abacha.
Attorney General of the Federation and Minister of Justice, Abubakar Malami SAN, who made this known to newsmen, said the repatriation agreement would be signed sometime next week. He said the decision was taken at the Federal Executive Council meeting presided over by the President Buhari today Wednesday January 29.
Malami said based on the Memorandum of Understanding reached by the three parties, the repatriated loot would be used to finance key projects such as the Lagos-Ibadan Expressway, the 2nd Niger Bridge and the Abuja-Kano road.
The Minister also disclosed that €6.8m traced to convicted former Governor of Delta State, James Ibori, would also be repatriated but said negotiations had yet to start on the Ibori loot. Recall that in 2012, a UK court sentenced Ibori who was governor from 1999 to 2007, to prison after convicting him of fraud and money laundering.
The Minsiter also mentioned that discussions would soon start on looted assets linked to embattled former Minister of Petroleum Resources, Dezieni Alison-Madueke.
Wow…! Please correct me if I am wrong. How much money thus far have been repatriated from other countries to Nigeria? Secondly, I thought that President Buhari and his administration insists that former Head of State Abacha did not loot any money from Nigeria. If that is the case, where are all these repatriations coming from? And why are we keeping them?