Nigeria Receives $311m Abacha Loot Repatriated from US, Jersey
The federal government on Monday confirmed the receipt of approximately three hundred and eleven million, seven hundred and ninety-seven thousand, eight hundred and sixty-six dollars and eleven cents of the Abacha assets repatriated from the United States of America and the Bailiwick of Jersey.
over $311million because of the interest that accrued from February 3, 2020 to April 28, 2020 when the fund was transferred to the Central Bank of Nigeria. Malami who led the negotiation team noted that the Tripartite Agreement and the process towards the implementation represents a major watershed in
account and would be paid to the National Sovereign Investment Authority within the next fourteen days. The NSIA is responsible for the management and execution of the projects to which the funds will be applied,” the Minister has said.
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