Why US, UK, Others Returned Close To $1bn stolen Under Abacha-Buhari

President Muhammadu Buhari has said that close to $1bn was “stolen under a previous, undemocratic junta in the 1990s.”

Buhari, in an article published in Newsweek, a United States-based magazine, expressed appreciation to the “friendly nations” that returned the stolen funds.

It was gathered  that, three weeks after, Nigeria received $311m in repatriated Abacha loot from the United States and the Bailiwick of Jersey.

It was also reported that after Nigeria recovered the loot from US and Jersey, the Attorney-General of the Federation, Abubakar Malami, said the money would be used in expediting the construction of the Lagos-Ibadan expressway, Abuja-Kano road, and the Second Niger Bridge.

Previous recoveries had also been made from UK and Switzerland.

The President added, “That the friendly nations agreed to return the funds after so long is a testament to the fact that, with our governance reforms, Nigeria is rightly seen as an increasingly stable and beneficial place to transact and invest

Leave comment

Your email address will not be published. Required fields are marked with *.