Looted funds: Nigeria to recover 0m stashed abroad – Malami

Looted funds: Nigeria to recover $200m stashed abroad – Malami

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The Attorney-General of the Federation and Minister of Justice, Mr. Abubakar Malami (SAN), Monday said Nigeria would soon make additional recovery of about $200million, being part of public funds that were looted and stashed outside the country.

The Attorney-General of the Federation and Minister of Justice, Mr. Abubakar Malami (SAN), Monday said Nigeria would soon make additional recovery of about $200million, being part of public funds that were looted and stashed outside the country.

In a statement made available to newsmen by his special assistant on Media and Public Relations, Dr. Umar Gwandu, Malami stated further that : “In 2017, the signing of a trilateral Agreement with Switzerland and World Bank enabled the recovery of $322.515million.

“In 2020 a total sum of $311.7million was returned to Nigeria after signing another trilateral agreement with the U.S.A and Bailiwick of Jersey.

“Also in the year 2020, 5.4million Euros was recovered in March emanating from an agreement signed with Northern Island. The Federal Government was able to recover from UK the sum of €4,214,017.66 connected to the family of James Ibori.

“Additional recoveries to the tune of $200million are being anticipated subject to the settlement of litigations of which the Ministry of Justice is attending to presently.

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