Connect with us

Hi, what are you looking for?

Politics

Nigeria Explains Delay in Repatriating Abacha’s Loot

A $458 million loot by the late former Head of State, Gen. Sanni Abacha and which the United States government planned to return to the Federal Government will not come now.According to the Attorney-General and Minister of Justice, Mr. Abubakar Malami (SAN), the money is being held back because a lawyer is insisting he be paid for representing the government in the suit that led to the forfeiture of the loot.

But another $100 million is being held because individuals associated with Kebbi State governor, Atiku Bagudu, are contesting the forfeiture.A statement from the minister’s office signed by his spokesman, Mr. Salihu Othman Isah, revealed: “The forfeiture of the remaining $100 million in assets is still pending. The forfeiture of these assets is being contested by certain individuals, who are related to Atiku Bagudu (General Abacha’s associate) and who claim that these assets are the subject matter of a private family trust.”

You May Also Like

Politics

Three commissioners from Kenya’s election board announced their resignation from the body on Monday, citing failure of the body’s leadership and dysfunction in the...

News

Quartz Africa  MUCH like her mother would have at activists’ funerals during the apartheid era, Zenani Mandela-Dlamini allowed her righteous anger to lead her tribute...

Sports

No fewer than 6,600, athletes and team officials from 71 countries are expected to take part in 275 events at the 21st Commonwealth Games...

News

South Africa has recalled its ambassador to Israel following a bloody crackdown on Palestinian protesters by Israel forces that left at least 55 dead...