FG to recover $321m loots from US, Island of Jersey

FG to recover $321m loots from US, Island of Jersey

- The Nigerian government appears to have made headway in its effort to get more revenues to execute infrastructure project

- AGF Abubakar Malami disclosed that the government is about to sign an agreement with the US and another country to repatriate $321m loots

- When successfully recovered, the funds will be used to execute some key ongoing infrastructure projects across the country

As part of the efforts to seek more pathways to generate revenues to fund the country's infrastructure deficit, the Nigerian government is set to sign an agreement with the United States and the Island of Jersey.

The Attorney-General of the Federation (AGF), Abubakar Malami, said the agreement planned to be finalised next week would make the country repatriate $321 million looted assets.

The funds to be repatriated are those looted by the former military head of state, Sani Abacha, former Delta governor, James Ibori, ex-minister of petroleum resources, Diezani Alison-Madueke, and so on.

FG to recover $321m loots from US, Island of Jersey

AGF Malami says FG is set to sign agreement with the US and the Island of Jersey to recover $321m loots. Photo credit: The Guardian
Source: UGC

The government's plan is to use the funds to execute some key ongoing infrastructure projects across the country.

Meanwhile, on the sidelines of the UK-African summit that took place on Monday, January 20, President Muhammadu Buhari called for the help of UK's government to go after Nigerian looters who are at large in its territory.

Speaking with the prime minister of UK, Boris Johnson, President Buhari said that Nigeria has gained a lot from its long history of collaborating with the country's military.

Nigeria has a long list of top government officials who had looted the country's treasury and fled to other nations for safety.

However, the administration of the president is bent on tracking such corrupt persons and making them dance to the tune of justice.

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Earlier, Legit.ng reported that PresidentBuhari said Nigeria as a country destined to prosper as it is full of citizens with "entrepreneurial energy and potential".

Buhari said this in a thread of tweets posted on Friday, October 18 via his personal handle, @MBuhari.

The president said that building infrastructure is one of his administration's top priorities just as he noted that many Nigerians "will mind their business" and "will not even care who is in government" if his government gets the infrastructure right.

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Source: Legit

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