The United States (US) government has signed an agreement
with the federal government to repatriate $23 million Abacha loot to Nigeria.
The agreement was signed on Tuesday at the office of
Abubakar Malami, minister of justice and attorney-general of the federation.
In his speech, Malami said the decision to return the stolen
funds, which is tagged ‘Abacha-5’, was a product of a series of negotiations
and meetings between Nigeria, the US department of justice and the UK National
Crime Agency.
The attorney-general said the loot, when repatriated, will
be used for the completion of the Abuja-Kano road, Lagos-Ibadan expressway and
the Second Niger Bridge.
“It is worthy to note
that in line with the terms of this agreement, Mr. President had already
approved the funds to be utilized for the ongoing presidential development
infrastructural funds, PIDF, projects namely; Abuja-Kano road, Lagos-Ibadan
expressway and the second Niger bridge under the supervision of Nigerian
Sovereign Investment Authority (NSIA),” Malami said.
“The president’s mandate to my office is to ensure that all
international recoveries are transparently invested and monitored by civil
society organizations to compete for these three projects within the agreed
timeline.”
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