Nigeria Expects Abacha Loot Soon – Malami

Attorney General of the Federation and Minister of Justice, Abubakar Malami has disclosed that the country will in 72 days receive the sum of $318,460,329 looted and stashed away by ex-military dictator, Sani Abacha from the United States of America.

Malami disclosed this in an interview with Channels TV on Politics Today.

THE WHISTLER had reported that Malami signed a tripartite agreement on behalf of the Federal Government with the United States of America and the Island of Jersey to repatriate the funds.

The repatriated funds will be managed and used by the Nigeria Sovereign Investment Authority (NSIA) for three infrastructure projects in strategic economic zones across Nigeria to ensure that the funds are used “responsibly and for the good of the nation.”, according to the Department of State in Washington.

Also, the repatriated funds will be applied specifically towards completing the 2nd Niger Bridge, Lagos-Ibadan Express Way and the Abuja -Kaduna Highway.


Malami said, “Every other thing is set and fully consummated in terms of the agreement amongst the entrusted parties – the Island of Jersey, United States of America and the Federal Government of Nigeria. The agreement has been signed and executed and we are looking forward towards the repatriation of the looted money.

“The money as it is, is in the custody of Island of Jersey where it was deposited.

“So that brings about the parties of interest to be the Island of Jersey where the money was stashed, the USA which initiated the judicial process for the repatriation of the money and Nigeria which is indeed the victim; so the common agreement that was reached is that within 27 days, the money will leave the custody of Island of Jersey down to the USA and within 45 days the money will be repatriated to Nigeria.

“We are looking at around 72 days from Tuesday when the tripartite agreement was signed and executed by the party.”

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