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US to refund $23m Abacha loot

US to refund $23m Abacha loot

The United State of America Tuesday agreed to release the sum of over $23 million looted by the late Gen. Sanni Abacha to the Nigerian Government.

According to Channels TV, both countries reached and signed an agreement on the release of the fund at a signing ceremony held in the office of the Minister of Justice and Attorney General of the Federation, Abubakar Malami.

Malami signed on behalf of the Nigerian government while the U.S Ambassador to Nigeria, Mary Beth Leonard signed for the U.S government.

According to Malami, the fund when returned will be invested in three ongoing projects by the Federal Government, including the ongoing Abuja-Kaduna road and the 2nd Niger Bridge.

More to follow . . .

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