This was contained in a statement issued on Friday by the Senior Special Assistant to the President on Media and Publicity, Garba Shehu.
The statement also said the government will pay the $1M loot from Bayelsa State Governor, late Dieprieye Alamieyesiegha into the account.
The statement reads, “A FGN account has already been given for the return of one million dollars from Alamieyesiegha.
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“Judgement on the $480m Abacha loot has been won and our Attorney-General, Malami (SAN) will be in the US next week to speak to the Department of Justice on the next steps for the return of that as well.
“The U.S is paying to Nigeria, not the other way round.”
The presidency had made the statement while reacting to reports that President Muhammadu Buhari donated $500m to Hillary Clinton’s Presidential campaign in the just concluded United States’ election.
Shehu in a sharp response via his twitter handle, said that “President Buhari’s Nigeria doesn’t have this kind of money to throw around. Even if the money is there, this President is the least likely person to give it as donation, and for what?”