Home Fresh News FG receives $311m Abacha loot
Fresh News - May 4, 2020

FG receives $311m Abacha loot

The Federal Government, on Monday, confirmed the receipt of $311m looted by the late military dictator, Gen. Sani Abacha.

The Attorney General of Federation and Minister of Justice, Abubakar Malami, in a statement by his Special AssistantAccording to Malami, the amount increased significantly from over $308m as stated in a press release in February to over $311m because of the interest that accrued from February 3, 2020, to 28th April, 2020, when the fund was transferred to the Central Bank of Nigeria. on Media and Public Relations, Dr Umar Jibrilu Gwandu, said approximately $311,797,866.11 of the Abacha loot was repatriated from the US and Jersey.

According to Malami, the amount increased significantly from over $308m as stated in a press release in February to over $311m because of the interest that accrued from February 3, 2020, to 28th April, 2020, when the fund was transferred to the Central Bank of Nigeria.

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