A file photo of the Attorney General of the Federation and Minister of Justice, Mr Abubakar Malami.The Nigeria government has denied reports that it is planning to hand over about $100 million of the money looted by former Head of State, Sani Abacha, to the governor of Kebbi State, Atiku Bagudu.
The minister highlighted the transparent management and utilisation of returned assets as core components of the government’s anti-corruption drive. The minister added that the 2020 agreement would be managed by the Nigeria Sovereign Investment Authority and monitored by the civil society organisations.WE ARE NOT COMMITTED TO PAYMENT OF $100M OUT ABACHA LOOT- MALAMI
To achieve the President’s objectives, the Federal Government of Nigeria has engaged and continues to engage with international partners, including the United States of America, in the recovery and return to Nigeria of stolen assets. The FGN is also negotiating the recovery of assets from several countries and the agreements for the recoveries and the procedure for recoveries are always presented to Federal Executive Council for approval and duly made public once the processes have been concluded.The 2017 repatriated funds were deployed to the implementation of the Social Investment programme and are being monitored by civil society organisations across the country.
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