33 C
Abuja
Wednesday, April 1, 2020

FG set to repatriate Abacha, Dieziani, Ibori, Aluko loot

Must Read

COVID-19 Lockdown/Restrictions: FG warns violators

      … plans to reach 11m people nationwide for palliatives       Violators of the Federal Government’s restrictions following a lockdown of some...

COVID-19 Lockdown : Winners’ Chapel donates ambulances, safety kits, food to Lagos, Ogun States

    Living Faith Church Worldwide  a.k.a Winners’ Chapel International has donated ambulances, test kits, personal protective device (PPE) to the...

COVID-19 Social Distancing : Police Nab Deviant Masquerader In Ogun

  For violating the federal and state governments’ directives on social distancing and public gatherings, a masquerader who came out...
  • Funds to be channeled towards roads, 2nd Niger bridge 

 

The Federal Executive Council (FEC), has approved the commencement of the repatriation of stolen assets from the United States, which will be signed next week.

The looted assets to be repatriated from the US includes that of the late Nigerian military dictator, Gen. Sani Abacha, which is $321 million; former governor of Delta State, James Ibori, €6.6 million; former Minister for Petroleum Resources, Diezani Alison-Madueke and Kolawole Aluko.

Addressing State House Correspondents at the end of the meeting on Wednesday, the Attorney General of the Federation and Minister of Justice, Abubakar Malami, disclosed that the council approved the asset sharing tripartite agreement between Nigeria, Island of Jersey and the United States of America for the purpose of repatriation of looted assets.

The AGF added that based on the Memorandum of Understanding reached by the three parties, the money would be spent on the Lagos-Ibadan Expressway, the 2nd Niger Bridge and the Abuja-Kano Expressway.

Malami, however explained that no figure had been placed on the Alison-Madueke asset to be repatriated.

He recalled that Buhari’s first term administration succeeded in the recovery of looted asset by over 1,300 percent.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

COVID-19 Lockdown/Restrictions: FG warns violators

      … plans to reach 11m people nationwide for palliatives       Violators of the Federal Government’s restrictions following a lockdown of some...

COVID-19 Lockdown : Winners’ Chapel donates ambulances, safety kits, food to Lagos, Ogun States

    Living Faith Church Worldwide  a.k.a Winners’ Chapel International has donated ambulances, test kits, personal protective device (PPE) to the Lagos and Ogun State governments...

COVID-19 Social Distancing : Police Nab Deviant Masquerader In Ogun

  For violating the federal and state governments’ directives on social distancing and public gatherings, a masquerader who came out in the intense heat of...

Lockdown: President Buhari signs COVID-19 Regulations 2020

  President Muhammadu Buhari has signed the COVID-19 Regulations, 2020, which declared coronavirus a dangerous infectious disease. President Buhari Monday signed the regulations in exercise of...

COVID-19 Lockdown: NNPC says its loading depots ‘ll remain operational

  …assures of nationwide product availability, seamless supply In line with the Presidential directive. the Nigerian National Petroleum Corporation (NNPC) has announced measures to guarantee seamless...

More Articles Like This

- Advertisement -