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Home Business News

United States Will Repatriate $480 Million Abacha Loot

Chris Pemu by Chris Pemu
April 19, 2016
in Business News
United States Will Repatriate $480 Million Abacha Loot
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The Government of the United States has agreed to repatriate about $480 million believed to have been stolen by the late head of state, Gen. Sani Abacha and his family back to Nigeria.

According to reports, the conditions for the repatriation of the cash and other details are being worked out.

The follows the recent meeting between the Department of Justice and the Attorney-General of the Federation, Abubakar Malami and the acting Chairman of the Economic and Financial Crimes Commission, Mr. Ibrahim Magu.

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It is believed to be the largest loot ever traced to a former Nigerian public officer in the United States.

Other European countries have recently agreed to repatriate monies stolen by the late head of state back to Nigeria.

Chris Pemu

Chris Pemu

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Transmission lines in Cross River, Rivers have been vandalized severally in over 2 months – TCN

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