Thursday 27 March 2014

FG Seeks Abacha $550m Loot From US

late Head of State, Gen. Sani Abacha

The Federal Government on Wednesday said it supported the United States’ seizure of   $550m corruption proceeds of a former Head of State, the late Gen. Sani Abacha and his associates.

The Attorney-General of the Federation and Minister of Justice, Mr. Mohammed Adoke, SAN, who stated this in a statement in Abuja said that the Federal Government would ensure the repatriation of the money to Nigeria.

He stated, “As the central authority for the Federal Republic of Nigeria, my office has received requests for Mutual Legal Assistance for the Central Authority of the United States and we are cooperating with the United States in line with the obligations we assumed under the Treaty on Mutual Legal Assistance in Criminal Matters.


“The overall objective of these efforts is to ensure that Nigeria as the victim state is able to have the forfeited assets (money) repatriated to Nigeria to fund development projects for the benefit of the people in accordance with the dictates of Chapter IV of the United Nations Convention against corruption. Let me assure you that Nigeria as State Party to UNCAC will do all that is required to realise this objective.”

The US government had,  a few days ago,  formally written the Federal Government for assistance to serve forfeiture notice on Abacha’s son, Mohammed; and an associate of the late dictator, Atiku Bagudu.
The defendants were given up till March 25, 2014 to file an application before the US District Court for Columbia to either set aside the forfeiture order or vary it

Among others, the defendants forfeited over $550m and £95,910m in 10 accounts and six investment portfolios linked to the Abachas in France, the Britain, British Virgin Island and the United States,  under the US Kleptomaniac Asset Recovery

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