Abacha loot: Nigerian government receives $311m from US

Abacha loot: Nigerian government receives $311m from US

- FG has received $311 million recovered assets of late Nigerian head of state, General Sani Abacha

- The Abacha loot was repatriated from the United States and the Bailiwick of Jersey

- Abubakar Malami, justice minister, said the money was repatriated based on the agreement on international law

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The federal government has received $311 million recovered assets of late Nigerian head of state, General Sani Abacha, repatriated from the United States and the Bailiwick of Jersey.

Abubakar Malami, the attorney-general of the federation and justice minister who confirmed this on Monday, May 4, disclosed that the money was repatriated based on the agreement on international law and cooperation measures.

Abacha loot: Nigerian government receives $311m from US

The Nigerian government has received $311 million recovered assets of late Nigerian head of state, General Sani Abacha.
Source: UGC

“This Agreement is based on international law and cooperation measures that sets out the procedures for the repatriation, transfer, disposition, and management of the assets,” part of the statement from the office of the Attorney general read.

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The AGF further disclosed that the amount increased from over $308 million mentioned in an earlier statement in February to over $311million as a result of the interest that accrued from February 3 to April 28.

Abacha, a former military head of state, ruled Nigeria from 1993 until his death in 1998.

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Earlier, Legit.ng reported that Major Hamza Al-Mustapha, the chief security officer to the former Nigeria military head of state, opened up on looting of the nation under the administration of his boss and how the never-ending funds were taken out of the country.

Speaking in an interview with Vanguard on issues surrounding the deceased military leader, Al-Mustapha said the first time he heard the word 'loot' in connection with the federal government was when he was in Kirikiri prison.

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The former CSO went on to explain that he wasn't consulted and also had nothing to do with the money as he was embarrassed to hear the word loot. According to him, he was uncomfortable when loot is mention during Abacha's regime because he knew how prudent the late head of state was.

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