In Landmark Agreement, US to Return $308m Abacha Assets for Infrastructure - THISDAYLIVE

The Government of Jersey, the Federal Republic of Nigeria and the Government of the United States of America have entered into an Asset Recovery Agreement to repatriate over $308 million of forfeited assets to Nigeria.

It explained that in 2014, a US Federal Court in Washington DC had forfeited the money as property involved in the illicit laundering of the proceeds of corruption arising in Nigeria, during the period from 1993 to 1998, when the late Abacha was Head of State. “This was challenged in the Royal Court of Jersey and Court of Appeal, and an application for permission to appeal to the Privy Council by Doraville was refused. France and the United Kingdom restrained additional funds at U.S. request.

It, however, pointed out that the tripartite agreement signed this week represents a major watershed in international cooperation in asset recovery and repatriation, and would provide benefit to Nigerians. “The agreement establishes a framework based on fruitful co-operation, trust and respect so that the forfeited funds can be repatriated to benefit the people of Nigeria, from whom they had been taken. The use of the funds will be subject to monitoring and reporting obligations.

“Their excellent level of cooperation in the fight against corruption, at domestic and international levels, should be an example for other jurisdictions to follow. “The Department is pleased to enter into this agreement with The Bailiwick of Jersey and the Federal Republic of Nigeria to return this enormous amount of stolen funds for the benefit of the people harmed by the corruption in Nigeria.

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US, Nigeria sign agreement on Abacha loot return – Daily TrustThe Government of Jersey, the Federal Republic of Nigeria and the Government of the United States of America have entered into an Asset Recovery Agreement to repatriate over US$308 million of forfeited assets to Nigeria. The US Embassy and Consulate in Nigeria disclosed this in a press statement published on its website on Tuesday. The … But someone said Abacha did not steal
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US, Nigeria sign agreement on Abacha loot returnThe Government of Jersey, the Federal Republic of Nigeria and the Government of the United States of America have entered into an Asset Recovery Agreement to repatriate over US$308 million of forfe... Abacha na motherfucker!!!!! but buhari said abacha was a saint then how come abacha loot everytime Yet we r still borrowing...wat an illiterate government!
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