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Abacha Loot: No plan to give $100m to Gov. Bagudu

The Presidency has dismissed media reports that the Federal Government will surrender 100 million dollars from the recovered 308million Abacha loot to Gov. Atiku Bagudu of Kebbi.

The clarification was made in a statement on Saturday from the office of the Attorney General of the Federation and Minister of Justice, Mr Abubakar Malami.

The statement confirmed that the Buhari administration inherited litigation in which the defunct Obasanjo administration ceded 100million dollars to Bagudu, an agreement also being challenged by the US government.

Malami explained that the family assets of Governor Bagudu, in contention with the United States, was a separate cause.

He insisted that they have nothing to do with the assets recovered under the Abacha 2014 Non-Prosecution Agreement.

The minister highlighted the transparent management and utilisation of returned assets as core components of the government’s anti-corruption drive.

According to him, the present administration is committed to independent asset recovery efforts in a manner that is consistent with domestic laws, national interest and its obligations under international law.

Malami, however, stated that the US government and the Bagudu family have been in court since 2014 over assets already rescinded under the 2003 agreement.

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