FG Signs Tripartite Agreement To Repatriate $318m Abacha Loot

The Federal Government has consented to an arrangement with the United States of America and the Island of Jersey to repatriate the entirety of $318,460,329 plundered and buried by previous Head of State, Gen. Sani Abacha.

As indicated by the representative of the Ministry of Foreign Affairs, Ferdinand Nwonye, the understanding was fixed on Monday at the United States Department of States, Washington DC.

He expressed that the Federal Government expects to utilize the recouped plunder to support three significant ventures, to be specific, the Lagos-Ibadan Expressway, the Abuja – Kano Expressway and the Second Niger Bridge and will be managed by the Nigeria Sovereign Investment Authority.

The understanding was marked by the Attorney General of the Federation Mr Abubakar Malami in the interest of the Federal Government, Mr Mark Temple, Assistant Solicitor General of the Island of Jersey and Mr Kevin Drisioil, Deputy Assistant Attorney General in the US Department of Justice for the benefit of the Government of the United States marked the arrangement.

Mr Nwonye additionally uncovered that the understanding was seen by the Minister of Foreign Affairs, Geoffrey Onyeama and his partners from the Ministry of Industry, Trade and Investment; Humanitarian Affairs, Minister of State for Petroleum Resources, the National Security Adviser, Permanent Secretary, Ministry of Foreign Affairs, Group Managing Director of NNPC, and the Nigerian Ambassador to the United States of America, among others.

The representatives had gone on Sunday for the yearly three-day meeting of the United States-Nigeria Bi-national Commission in Washington DC.

The gathering is planned for looking into respective relationship and finding a way to progress shared enthusiasm for every single strategic territory among the two nations.

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