US Reveals Fresh $319m Abacha Loot In UK, France

By: 'Dotun Akintomide
Cat:
News

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The United States of America has revealed that there is a fresh $319 million Abacha loot in the United Kingdom and France.

The revelation is coming just days after the US repatriated $311 million Abacha loot to Nigeria.

The US Embassy in Nigeria made this known in a statement on Wednesday.

It said there is $167 million in stolen assets in France, while another $152 million is in the UK, which is being challenged in court.

“The funds returned last week are distinct and separate from an additional $167m in stolen assets also forfeited in the United Kingdom and France, as well as $152m still in active litigation in the United Kingdom,” the US embassy said.

'Dotun Akintomide
'Dotun Akintomide
'Dotun Akintomide's journalism works intersect business, environment, politics and developmental issues. Among a number of local and international publications, his work has appeared in the New York Times. He's a winner of the National Youth Service Corps (NYSC) Award. Currently, the Online Editor at The New Diplomat, Akintomide has produced reports that uniquely spoke to Nigeria's experience on Climate Change issues. When Akintomide is not writing, volunteering or working on a media project, you can find him seeing beautiful sites like the sandy beaches that bedecked the Lagos coastline.

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