Nigeria is to sign a tripartite agreement with the United States of America (USA) and the Island of Jersey to repatriate $321 million looted assets.
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Disclosing this while briefing State House Correspondents after the first Federal Executive Council (FEC) of 2020, the Attorney-General of the Federation and Minister of Justice, Abubakar Malami, said the agreement is expected to be signed next week.
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According to him, the funds expected to be repatriated through the agreement are those traced to the Abacha family; the former Minister of Petroleum Resources, Mrs. Diezani Alison-Maduake; Kola Aluko and former Delta Governor, Chief #JamesIbori. .
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According to Malami, the fund, when eventually repatriated, would be directed to fund critical projects like the Lagos -Ibadan Expressway, Abuja -Kano and the Second Niger Bridge.
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#Malami added that a separate €6.8m in connection with a former Governor of Delta State, Mr James Ibori, would also be repatriated, but said negotiations had yet to start on it.
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