ABACHA LOOT: CORRUPTION TAKES IT ALL
The United States, through the Department of Justice and FBI, forfeited approximately $23 million traceable to the corruption and money laundering of former Nigerian dictator Sani Abacha and his co-conspirators. This money will be returned to the Nigerian people through an agreement between the Governments of the United States and the Federal Republic of Nigeria (Nigeria) signed today in Abuja, Nigeria, by U.S. Ambassador Mary Beth Leonard. This repatriation will bring the total amount forfeited and returned by the Department of Justice in this case to approximately $334.7 million.
Malami further noted before signing the agreement, “The forfeited Mecosta/Sani assets were subsequently transferred to the NCA, which on February 7, 2022 held the sum of $23,439,724, pending the execution of the asset return agreement between the FRN and the USA.
“The President’s mandate to my office is to ensure that all international recoveries are transparently invested and monitored by civil society organisation to complete these three projects within the agreed timeline.”
Cartoonist: Mike Asukwo
