The Vanguard Newspaper has reported that the Federal Government in an attempt to recover all the loot by the former Military Head of state, General Sanni Abacha has agreed to sign a memorandum of understanding (MOU) with Government Officials of the United Kingdom, United States of America and Jersey. This will lead to the repatriation of a total of $500 million looted by the military leader.

The Attorney General of the Federation and Minister of Justice, Abubakar Malami and Nigeria’s High Commissioner to the UK, Justice George Oguntade were in a meeting in London on Monday to discuss the MOU which will be signed by all concerned parties at a final meeting by July.

In an interview with the Vanguard newspaper, the Attorney General of the Federation said, “At our meeting in London today, we reviewed the MoU to be signed by Nigeria, the US, UK and Jersey and made collective input into it so that at our next and final meeting in July we can sign the document and agree on the final drawdown of the money.


“Indeed, Nigeria has made tremendous progress regarding the repatriation of the cash. Right now, the case filed by a Nigerian lawyer claiming to be entitled to a huge percentage of the amount from the Abacha loot has been dismissed by the Appeal Court but he can still appeal if he wants to.


“But our strong conviction is that the money will be drawn down for the benefit of the country and we are working hard to ensure that it is done as soon as possible by taking the necessary legal and diplomatic steps to deal with it.”

The Attorney General also left London to Switzerland to meet the Swiss government to also discuss the repatriation of a certain of part of the looted funds,



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