• Trending News:

    Tuesday, 19 June 2018

    FG To Sign Agreement With US, UK, Jersey To Recover Abacha $500m Loot

    Photo - Punch

    THE federal government of Nigeria has met with government officials of the United Kingdom, United States of America and Jersey and agreed to sign a memorandum of understanding (MoU) which will lead to the repatriation of $500 million looted from the government treasury by former military Head of State, General Sani Abacha.
    According to a report by Vanguard, the Attorney-General of the Federation and Minister of Justice, Abubakar Malami, led officials, including Nigeria's High Commissioner to the UK, Justice George Oguntade, to the meeting which took place in London on Monday, June 18, 2018.

    Malami said the MoU will be signed by all concerned parties at a final meeting set to take place in July.

    READ ALSO: Senator Shehu Sani Faults Buhari Govt Over Plans To Shut Border

    The AGF told Vanguard, "At our meeting in London today, we reviewed the MoU to be signed by Nigeria, US, UK and Jersey and made collective input into it so that at our next and final meeting in July we can sign the document and agree on the final draw down of the money.

    "Indeed, Nigeria has made tremendous progress regarding the repatriation of the cash. Right now, the case filed by a Nigerian lawyer claiming to be entitled to a huge percentage of the amount from the Abacha loot has been dismissed by the Appeal Court but he can still appeal if he wants to.

    "But our strong conviction is that the money will be drawn down for the benefit of the country and we are working hard to ensure that it is done as soon as possible by taking the necessary legal and diplomatic steps to deal with it."
    (PulseNg)
     
    Kindly share, leave a comment, contact us, like or follow us on Twitter Facebook Instagram. Do you have a story, or want to publicise your activities and promote your brand? Contact the Editor by Email.

    No comments:

    Post a Comment

    Search:

    Entertainment

    NaijaMagazineOnline

    πŸ‘‡ πŸ‘‡ Contact Us �� ��

    Name

    Email *

    Message *

    News