FG TO Receive Newly Discovered Abacha’s $321 Million Loot From Island Of Jersey


The federal government is set to repatriate the sum of that $321million was looted by the late military general, Sani Abacha from the coffers of Nigeria.The Attorney General of the Federation and Minister of Justice, Abubakar Malami, while speaking with newmen, said the decision was taken at the Federal Executive Council meeting presided over by the President Buhari Wednesday January 29th.

Malami revealed that 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 added that €6.8m which was traced to convicted former Governor of Delta State, James Ibori, would also be repatriated although negotiations are yet to start on the Ibori loot


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