“The funds will be used by the Nigerian Independent Sovereign Authority for three infrastructure projects in strategic economic zones across Nigeria.” Abacha UnitedStates Nigeria
“The funds will be used by the Nigerian Independent Sovereign Authority for three infrastructure projects in strategic economic zones across Nigeria,” Spokesperson for the United States Department of State Morgan Ortagus said in a statement.
The United States and the Bailiwick of Jersey, on February 3 signed an agreement with Nigeria for the return of more than $308 million looted by former Nigerian head of state General Sani Abacha.The Nigeria government stated that returned funds would be used by the Nigerian Independent Sovereign Authority for three infrastructure projects in strategic economic zones across the country.
She said the agreement reflects the growing international consensus that countries must work together to ensure stolen assets are returned in a transparent and accountable manner.
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