The Nigerian Attorney General and Minister of
Justice, Abubakar Malami, during an interactive
session with the House of Reps Committee on
Justice, revealed that the Nigerian government
will repatriate more of the infamous loot held
in foreign accounts by the late General Sani
Abacha.
The amount to be received, the minister
revealed, is $750 million (approximately
N150bn). Another N2bn stolen by convicted
criminal, ex-Gov of Delta State, James Ibori, is
expected to be returned too.
The minister stated that: “In respect of the
recovery of looted assets, the ministry will
engage in an agreement waive policy of using
mutual legal assistance agreements or other
bilateral and multilateral instruments to seek
cooperation with other jurisdictions to ensure
the repatriation of illicitly-acquired assets in
foreign jurisdictions.
“The collaboration will equally involve the
engagement if foreign based counsel will
attend to matters on behalf of the federal
government. Low- hanging fruits being targeted
in this initiative include $750 million Abacha
loot as well as the £6.9 million of the Ibori loot.
“In the long run, the ministry will be in a
position to coordinate the recovery of billions of
dollars in foreign jurisdictions, based on current
estimations.” I hope the government will make good use of the money.
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