Nigeria to Receive Another $500 Million Abacha Loot

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Omololu Ogunmade in Abuja

The Federal Executive Council (FEC) rose from its weekly meeting in the State House Abuja Wednesday with cheery news of the forthcoming repatriation of $500 million loot from United Kingdom, United States and France to Nigeria.

The money was part of the huge sums stolen by the former despotic leader, Gen. Sani Abacha.

Making the disclosure while briefing journalists at the end of the meeting, the Attorney General of the Federation (AGF) and Minister of Justice, Malam Abubakar Malami, said the move was the fallout of negotiations between the federal government and the three countries.

According to him, the expected sum is coming barely a few months after the repatriation of $322 million Abacha loot to Nigeria from Switzerland following an agreement signed by Nigeria and Switzerland.

Malami, who said the…

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