The federal government of
Nigeria has received $311,797,866.11 recovered assets of General Sani Abacha
repatriated from the United States and the Bailiwick of Jersey.
The Attorney-General of
Federation and Minister of Justice, Abubakar Malami, confirmed this on Monday.
According to Malami, the
amount increased significantly from over $308 million mentioned in an earlier
statement in February to over $311million as a result of the interest that
accrued from February 3 to April 28, when the fund was transferred to the
Central Bank of Nigeria.
“The Asset Return Agreement
is based on international law and cooperation measures that sets out the
procedures for the repatriation, transfer, disposition, and management of the
assets,” he said.
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