US Signs Agreement With Nigeria To Return $23m Abacha Loot

Nigeria and the United States government have reached an agreement on the return of over $23 million of the Abacha loot. <br />The Minister of Justice and Attorney General of the Federation, Mr. Abubakar Malami says the fund when returned will be invested in three ongoing projects by the Federal Government, including the ongoing Abuja-Kaduna road and the 2nd Niger Bridge. <br />Nigeria has in the past recovered several other tranches of the Abacha loot, which are proceeds believed to have been diverted from public coffers by the military administration of General Sani Abacha in the 1990s.