FG Confirms Receipt of $311m Abacha Loot from US and Jersey

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The Federal Government, confirmed the receipt of $311m looted by the late military head of state, General Sani Abacha, and repatriated from the United States and the Bailiwick of Jersey.

The Attorney General of the Federation and Minister of Justice, Abubakar Malami, in a statement by his Special Assistant on Media and Public Relations, Dr Umar Jibrilu Gwandu, said approximately $311,797,866.11 of the Abacha loot was repatriated from the US and Jersey.

According to Malami, the amount increased significantly from over $308m as stated in a press release in February to over $311m because of the interest that accrued from February 3, 2020 to 28th April, 2020 when the fund was transferred to the Central Bank of Nigeria.

The Attorney General of the Federation noted that the litigation process for the return of these assets commenced in 2014.

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