By Hamilton Nwosa(Head The New Diplomat’s Business Desk)
The Federal government of Nigeria is billed to repatriate another $321 million Abacha loot starched away in foreign land. The repatriation is under a tripartite understanding between the United States, the Island of Jersey and Nigeria
The agreement on the repatriation will be signed next week.
This decision was taken at Wednesday’s Federal Executive Council meeting presided over by the President Muhammadu Buhari.
The Attorney-General of the Federation and Minister of Justice, Mr Abubakar Malami, spoke on the outcome of the meeting on the Abacha loot.
He said based on the Memorandum of Understanding reached by the three parties, the money would be spent on the Lagos-Ibadan Expressway, the 2nd Niger Bridge and the Kaduna-Kano Expressway.
He also said discussions would soon start on looted assets linked to a former Minister of Petroleum Resources, Mrs Dezieni Alison-Madueke.
However, the AGF explained that no figure had been placed on the Alison-Madueke asset.
