Abacha loot: $152 million in UK still under litigation - US government says

Abacha loot: $152 million in UK still under litigation - US government says

- The United States government has said $152 million Abacha loot is still in active litigation in the United Kingdom

- The US Embassy and Consulate noted that the money is different from the $311 million returned to the Nigerian government

- Last week, the federal government received $311 million recovered assets of late General Sani Abacha

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The United States government has said that $152 million Abacha loot which is separate from the $311 million returned to the federal government last week is still in active litigation in the United Kingdom.

This was disclosed in a statement shared on the website of the U.S Embassy and Consulate on Wednesday, May 6.

According to the United States Mission in Nigeria, the sum of $152 million traced to the late General Sani Abacha is distinct and separate from an additional $167 million in stolen assets forfeited in the United Kingdom and France.

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The U.S Mission in a tweet on its verified Twitter handle, @USEmbassyAbuja, explained that the fight against corruption is an investment in the future of Nigeria.

The American embassy further explained that the transfer of funds is an important first step in the implementation of the agreement between the United States, Nigeria, and the Bailiwick of Jersey.

The statement reads in part: "The funds returned last week are distinct and separate from an additional $167 million in stolen assets also forfeited in the United Kingdom and France, as well as $152 million still in active litigation in the United Kingdom."

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Meanwhile, Legit.ng previously reported that the federal government received $311 million recovered assets of late Nigerian head of state, repatriated from the United States, and the Bailiwick of Jersey.

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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.

In other news, the recovery of the loot by Abacha by the federal government is causing unrest between the Peoples Democratic Party (PDP) and the All Progressives Congress (APC).

The PDP in a statement signed by its national spokesman, Kola Ologbondiyan, alleged that the APC and some cabals in the presidency are plotting to reloot the funds ($311 million) with duplicated projects.

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Source: Legit Newspaper

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