Recovered Loot From Abacha, Ibori, Deizani To Fund Lagos-Ibadan Expressway, Others | Sahara Reporters Malami said the NigeriaGov was ready to repatriate an additional $321m (N116.04bn) looted by the late former military Head of State. READ MORE:
The Nigerian Government says it will finance the construction of Lagos-Ibadan Expressway, Abuja-Kano Expressway, and the Second Niger Bridge with the funds recovered from former military Head of State, Sani Abacha, James Ibori, Diezani Allison-Madueke, and Kola Aluko among others.
He said, “It is in line with that spirit of aggressive recovery of looted assets that the office of attorney general has been pursuing the recovery of looted assets. We have overtime been discussing with other jurisdictions including the Island of Jersey and the United States among the purpose of the repatriation of looted assets connected to the Abacha family, Diezani Alison-Madueke, Kolawole Aluko among others.
“So, the amount upon signing the MoU will be remitted from the Inland of Jersey within a number of days agreed upon. Within 28 days, the money will be repatriated from the Island of Jersey to the United States of America. And thereafter within 45 days, it is agreed by the parties that the United States of America will make the necessary arrangement for the eventual repatriation to the Nigerian state.
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