The Federal Government says it has concluded plans to
repatriate another $321million Abacha loot in a tripartite understanding
between the Island of Jersey, the United States of America and Nigeria.
The Attorney General of the Federation and Minister of
Justice, Abubakar Malami, who made this known to newsmen, said the repatriation
agreement would be signed sometime nextweek. He said the decision was taken at
the Federal Executive Council meeting presided over by the President Buhari
today Wednesday January 29th.
Malami said based on the Memorandum of Understanding reached
by the three parties, the repatriated loot would be used to finance key
projects such as the Lagos-Ibadan Expressway, the 2nd Niger Bridge and the
Kadu-Kano Expressway.
The Minister also disclosed that €6.8m traced to convicted
former Governor of Delta State, James Ibori, would also be repatriated but said
negotiations had yet to start on the Ibori loot. Recall that in 2012, a UK
court sentenced Ibori who was governor from 1999 to 2007, to prison after
convicting him of fraud and money laundering.
The Minsiter also mentioned that discussions would soon
start on looted assets linked to embattled former Minister of Petroleum
Resources, Dezieni Alison-Madueke.
