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FG denies plans to handover $100m Abacha loot to Kebbi state governor Bagudu

In court papers filed before the District Court for the District of Columbia in Washington DC, as reported by Bloomberg, the United States Department of Justice claimed that the payment was part of an agreement with the governor in 2018.

 

But the Attorney General of the Federation and Minister of Justice, ABUBAKAR MALAMI in a statement clarified the report.

 

MALAMI, who is a Senior Advocate of Nigeria explained that the family assets of Governor BAGUDU, in contention with the United States, was a separate cause, insisiting that they have nothing to do with the assets recovered under the ABACHA 2014 Non-Prosecution Agreement.

 

MALAMI, however, stated that the US government and the BAGUDU family have been in court since 2014 over assets already rescinded under the 2003 agreement.

 

The minister assured that the Nigeria-U.S 2020 agreement would be managed by the Nigeria Sovereign Investment Authority and monitored by the civil society organisations.

 

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