US opposes Nigeria’s plan to hand Kebbi governor $100m from Abacha loot Abacha AbachaLoot Kebbi Nigeria UnitedStates
US Department of Justice said Bagudu was involved in corruption with the late Abacha who Transparency International said may have looted as much as $5 billion during his 1993-98 rule in Nigeria.
DoJ said in a statement earlier in the month that Bagudu with Abacha and Abacha’s son Mohammed Sani Abacha “embezzled, misappropriated and extorted billions from the government of Nigeria and others, then laundered their criminal proceeds through U.S. financial institutions and the purchase of bonds backed by the United States.”
“This case illustrates how complex and contentious repatriating stolen assets to Nigeria can be,” said Matthew Page, an associate fellow at London-based Chatham House and former Nigeria expert for U.S. intelligence agencies.
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