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US Signs Deal To Return $23M Abacha Loot
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US Signs Deal To Return $23M Abacha Loot 

The deal was signed on Tuesday at Abubakar Malami’s office, the federation’s attorney general and minister of justice.

By Omotayo Olutekunbi

A deal committing the US government to return $23 million in Abacha loot to Nigeria has been signed by the federal government.

The deal was signed on Tuesday at Abubakar Malami’s office, the federation’s attorney general and minister of justice.

Malami said in his address that the decision to restore the stolen money, known as the “Abacha-5,” was the result of discussions and talks between Nigeria, the US Department of Justice, and the UK National Crime Agency.

The plunder would be used to finish the Abuja-Kano road, the Lagos-Ibadan expressway, and the Second Niger Bridge, according to the attorney general, when it is returned.

“It is worthy to note that in line with the terms of this agreement, Mr. President had already approved the funds to be utilized for the ongoing presidential development infrastructural funds, PIDF, projects namely; Abuja-Kano road, Lagos-Ibadan expressway and the second Niger bridge under the supervision of Nigerian Sovereign Investment Authority (NSIA),” Malami said.

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