How much exactly did Abacha launder?
The United States has agreed to repatriate another 23 million dollars to Nigeria as part of the funds stolen by the late military head of state of Nigeria Gen. Sani Abacha.
The amount of money the United States has recovered and repatriated to Nigeria as part of the stolen funds of the former head of state is now hitting the 350 million dollar mark.
Currently, the exact amount of money siphoned by the former head of state is still unknown but monies that have been repatriated to Nigeria from different countries as part of the loot are past the 1 billion dollars mark.
The Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN), signed the agreement on behalf of the Nigerian government and the U.S ambassador to Nigeria Mary Leonard signed for the United States.
Mary Leonard stated that the funds were seized and that the former head of state and his associates had illegally laundered the funds through the United States into accounts in the United Kingdom. She also mentioned that the repatriated funds would be transferred to Nigeria through the NSIA (Nigerian Sovereign Investment Authority) and it would be used to continue the construction of 3 infrastructural projects: The Lagos-Ibadan expressway, Abuja-Kano road and the second Niger bridge.
The United States has promised to continue doing its part in the recovery and repatriation of the stolen funds to Nigeria. The only major concern for Nigerians is that the looted funds when returned might just get looted again by a different set of corrupt officials.
#STATEAFFAIRS is a segment that gives you a quick rundown of various political and state issues as they happen in the most simple, subtle language. In this edition, we are looking at the repatriation of more Abacha loots.
