Nigeria and US Sign Agreement for Return of $23 Million Abacha Loot.

News - by RadioNow / Aug. 24th, 2022

The governments of the federal republic of Nigeria and the United States of America have reached an agreement on the return of over $23 million of the Abacha loot. 

The agreement signing ceremony was held at the office of Mr Abubakar Malami, the Minister of Justice and Attorney General of the Federation, yesterday. While Mr. Malami signed on behalf of the Nigerian government, the U.S Ambassador to Nigeria, Mary Beth Leonard signed on the behalf of the U.S government. According to Ms Leonard, this brings the amount of the Abacha loot repatriated to Nigeria by the USA to over 334 million dollars.

The funds are expected to support three critical infrastructure projects in Nigeria that were previously authorized by President Muhammadu Buhari and the Nigerian legislature.

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