- President Muhammadu Buhari has promised to repatriate about N108 billion Abacha loot from US
- The president said both Nigeria and the US will sign a memorandum to repatriate the money
- Nigeria had received over $2 billion out of the $5 billion believed to have been looted during the Abacha administration
President Muhammadu Buhari has promised that his administration will repatriate N108 billion looted by the late former head of state, General Sani Abacha.
The president, in his Independence Day broadcast, said a memorandum of understanding will be signed by Nigeria and the United States for another $300 million about N108 billion of the money looted to be sent back to Nigeria.
He said: “The US$300 million recently identified as part of the Abacha money-laundering case. The Federal Ministry of Justice is working with the U.S. Department of Justice to conclude a memorandum of understanding to expedite the repatriation of these funds.”
Meanwhile, Legit.ng previously reported that Elder statesman and leader of the Pan Niger Delta Forum (PANDEF), Edwin Clark, said there is nothing new in President Muhammadu Buhari's Independence Day speech.
Buhari had addressed the nation on the occasion of its 59 years independent celebration on Tuesday, October 1, expressing optimism that Nigeria will emerge “stronger from its present challenges and more resilient than ever.”
Clark argued that all that Buhari said has been heard by Nigerians before. According to him, he expected the president to dwell more on the challenge of insecurity in this country.
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