Nigeria, U.S to agree on loot recovery modalities

In addition to the $322 million recovered from Switzerland, Nigeria will soon repatriate another $500 million which late Sani Abacha looted and locked up in other countries.

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The monies are expected to be repatriated from the UK, US, France and other countries, Minister of Justice and Attorney General of the Federation, Mr. Abubakar Malami, said on Wednesday after the Federal Executive Council meeting in Abuja.

“Nigeria has engaged other countries, including the UK, US, France and others, in further negotiations relating to repatriation.

“I am happy to report that we are almost concluding the processes relating to the repatriation of additional $500 million,” Malami said.

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