Mr Bagudu was one of Mr Abacha's bagman, using phoney companies to siphon and move stolen funds across transnational borders.
Nigeria is committed to a deal that would help Kebbi State Governor, Atiku Bagudu, keep over $100 million from funds stolen by late kleptocrat, Sani Abacha, according to court documents reported byThe deal was first negotiated in 2003 under the former president, Olusegun Obasanjo, and then updated in 2018 under President Muhammadu Buhari, whose administration now reportedly insists on not backing recovery efforts against Mr...
The implication: “Nigeria renounced any interest whatsoever” in Mr Bagudu’s trust assets, including those America wants to help the African nation recover, the court opinion reportedly stated.Mr Bagudu then returned to Nigeria first to become a senator and then a governor of Kebbi State in Nigeria’s north.American court filings reportedly showed Mr Bagudu successfully sued the Nigerian government in 2018 for violating the 2003 deal.
Bloomberg reports that American officials are opposing the deal meant to help Mr Bagudu a part of the illicit funds. In 2006, another $723 million Abacha loot was returned to Nigeria from Switzerland but the use of the recovery was largely unaccounted, Transparency International said.
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