May 12, 2026

Nigeria, US sign agreement on return of $23m Abacha loot

By Muhammad A. Aliyu

Nigeria and the United States government have reached an agreement on the return of over $23 million of the Abacha loot.

Okay.ng understands that the agreement signing ceremony was held in the office of the Minister of Justice and Attorney General of the Federation, Abubakar Malami on Tuesday.

The U.S Ambassador to Nigeria, Mary Beth Leonard, signed on the behalf of the U.S government while Malami signed on behalf of the Nigerian government.

Speaking on the agreement, Malami the fund when returned will be invested in three ongoing projects by the Federal Government, including the ongoing Abuja-Kaduna road and the 2nd Niger Bridge.

More to come later…

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