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Thursday, August 11, 2022

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Nigeria receives $311 million Abacha loot from the U.S.

The Nigerian government has received a new batch of General Abacha loot from the United States of America. 

The U.S. and the Bailiwick of Jersey recently remitted $311,797,866.11 recovered assets belonging to deceased former Nigerian Head of State, General Sani Abacha.

According to the Attorney-General of  federation and Minister, Abubakar Malami, the amount increased significantly from over $308 million initially declared in February to over $311 million due to the interest that it accrued from February 3 to April 28, when the funds was transferred to the Central Bank of Nigeria.

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