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FG signs agreement to bring back $318m Abacha loot

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The Federal Government, the United States of America and the Island of Jersey have signed an agreement for the repatriation of over $318m looted and starched away by former Head of State, Gen. Sani Abacha.

A statement by the Ministry of Foreign Affairs says the funds will be used to construct the Lagos-Ibadan expressway, the Abuja–Kano expressway and the Second Niger bridge.

The projects will be supervised by the Nigeria Sovereign Investment Authority

The agreement, which took place at the US Department of States, Washington DC,  was signed by the Attorney General of the Federation Mr Abubakar Malami on behalf of the Federal Government of Nigeria, Mr Mark Temple, Assistant Solicitor General of the Island of Jersey on behalf of the Island and Mr Kevin Drisioil, Deputy Assistant Attorney General in the US Department of Justice on behalf of the Government of the United States.

Minister of Foreign Affairs, Geoffrey Onyeama and his counterparts from the Ministry of Industry, Trade and Investment; Humanitarian Affairs were among officials who witnessed the signing.

Hamza Alkali

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