$750m Abacha loot, £6.9 million Ibori loo……federal govt will soon get another funds from abroad

The Minister of Justice and the Attorney General of the Federation,
Justice Abubakar Malami, says the Federal government will soon receive
another $750 million allegedly laundered by former Military dictator,
Sani Abacha and £6.9 million by former Delta state governor, James Ibori
who is serving jail term in the UK over corruption charges.

 Malami who made this known at an interactive session with the House of
Reps Committee on Justice at the National Assembly Abuja yesterday
January 26th, said his ministry will engage Mutual Legal Assistance
Agreement with foreign governments to “ensure the repatriation of
illicitly-acquired assets.

 “In respect of of the recovery of looted assets, the ministry will
engage in a Mutual Legal Assistance Agreements or other bilateral and
multilateral instruments to seek cooperation with other jurisdictions to
ensure the repatriation of illicitly- acquired assets in foreign
jurisdictions. The collaboration will equally involve the engagement of
foreign-based counsel to attend to matters on behalf of the Federal
Government. Low-hanging fruits being targeted in this initiative include
$750 million ‘Abacha loot’ as well as £6.9 million of the ‘Ibori
loot’. In the long run, the ministry will coordinate the recovery of
billions of dollars in foreign jurisdictions, based on current
estimations.”he said

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