The Nigerian Attorney General and Minister of Justice, Abubakar Malami, during an interactive session with the House of Representative Committee on Justice, revealed that the Nigerian government will soon repatriate more of the infamous Abacha loot held in foreign accounts by the former military President, General Sani Abacha. 

The amount to be received, the minister revealed, is $750 million (approximately N150 trillion). An additional N2 billion, stolen by the UK convicted, former Governor of Delta State,
James Ibori, is expected to be returned soon. 

The minister stated that: “In respect of the recovery of looted assets, the ministry will engage in an agreement waive policy of using mutual legal assistance agreements or other bilateral and multilateral instruments to seek cooperation with other jurisdictions to ensure the repatriation of illicitly-acquired assets in foreign jurisdictions.

“The collaboration will equally involve the engagement if foreign based counsel will attend to matters on behalf of the federal government. Low- hanging fruits being targeted in this initiative include $750 million Abacha loot as well as the £6.9 million of the Ibori loot.”

“In the long run, the ministry will be in a position to coordinate the recovery of billions of dollars in foreign jurisdictions, based on current estimations.”

“It is equally necessary to highlight the fact that the ministry’s current liability for judgment debt is in the region of N75 billion.

“The ministry has however proposed the sum of N16 billion to meet a portion of the outstanding sum in 2016, out of which the budget office has proposed an extremely low sum of N 709,155, 140.00 which does not meet even one percent of the outstanding judgment debts.”


http://ladygbeborun.com/4693-2/

$750bn is not 150 trillion naira. it is 150 billion naira. at 200 naira to $1

All these money that are been returned where are they?

Buhari - Abacha did not steal/loot!

OP do you have an ideal of how much is 150tri. I doubt of US budget is that much. Anyway it is just 150billion. It's a huge some provided it's not relooted like the previous recovery

But Buhari said Abacha never stole.

Where is Babangida's loots?

The source makes it hard to comment on the story..

..The never ending story.
P.S. .. It translates to billion, and not trillion.

Emekamex:
But Buhari said Abacha never stole.

Emeka get over it. He stole and the monies are being recovered whether Buhari said it or not.

This line is becoming too repetitive and boring.

Am short of words

Forget oil, our budget money don almost complete

Dakad:
OP do you have an ideal of how much is 150tri. I doubt of US budget is that much. Anyway it is just 150billion. It's a huge some provided it's not relooted like the previous recovery

us budget pass am welllaaaaa.its around d range of 3-5trillion dollars. dr health budget alone is like x5 of the whole Nigeria budget. If u doubt it calculate 200billion dollar equivalent in naira.u can see y we and ds countries can Neva be mate years to come. We will get dr someday na em be our hope

Fake news.

look at source - somebody's personal website

Person not even able to convert currencies from dollar to Naira.

Buhari is correct Abacha did not loot, what ever money that they claim they are returning was not looted by Abacha, anti-Abacha propaganda from World Bank (whose loans were declined by Abacha) an Thief Obasanjo who is criminal is behind, this malicious propaganda to discredit Abacha.

Erm.. I think even abacha's grand children need to be probed for the sins of their grand father

Dakad:
OP do you have an ideal of how much is 150tri. [b]I doubt of US budget is that much. Anyway [/b]it is just 150billion. It's a huge some provided it's not relooted like the previous recovery

The 2016 US Budget is ~$4tn, which is nearly N800tn. Their defense budget alone (over $550b) can fund the budget of nearly all African countries. The US defense budget is higher than the defense budget of the next 10 countries (China, France, Germany, Russia, etc) put together. They are not called World Power for nothing!

GenBuhari:
Fake news.

look at source - somebody's personal website

Person not even able to convert currencies from dollar to Naira.

Buhari is correct Abacha did not loot, what ever money that they claim they are returning was not looted by Abacha, anti-Abacha propaganda from World Bank (whose loans were declined by Abacha) an Thief Obasanjo who is criminal is behind, this malicious propaganda to discredit Abacha.

Where did you get this electric brain from?

Abacha, the GENEROUS man that transfer money to every ruling government from his grave.

GenBuhari:
Fake news.

look at source - somebody's personal website

Person not even able to convert currencies from dollar to Naira.

Buhari is correct Abacha did not loot, what ever money that they claim they are returning was not looted by Abacha, anti-Abacha propaganda from World Bank (whose loans were declined by Abacha) an Thief Obasanjo who is criminal is behind, this malicious propaganda to discredit Abacha.

u don't listen to news, I guess.

make your point or shut up.

Standing5:
Where did you get this electric brain from?

For where?

SLIDEwaxie:
u don't listen to news, I guess.

GenBuhari:
make your point or shut up.

So you don't get my point?
Abba! A whole you.

Then shut up.

Standing5:
So you don't get my point?
Abba! A whole you.

Yet many Americans are homeless and deceiving food stamps.
We need to cut ties with these devils.

Bevista:
The 2016 US Budget is ~$4tn, which is nearly N800tn. Their defense budget alone (over $550b) can fund the budget of all African countries. The US defense budget is higher than the defense budget of the next 10 countries (China, France, Germany, Russia, etc) put together. They are not called World Power for nothing!

Add that to MTN fees and Buhari is gradually funding his budget.

Conductor, give us our CHANGE

The current C in C that served in that corruption glorified regime told Nigerians that Abacha didn't steal!

"Abacha never stole. He was not kwarrapt."
- Boohary

GenBuhari:
Then shut up.

I am not the one to shut up here. If your electrifying mind can't understand my words, then I don't have to shut up again.

GenBuhari:
Yet many Americans are homeless and deceiving food stamps.
We need to cut ties with these devils.

@ an average of $125 (~N35k) per household, those food stamps are worth more than some salaries earned in Nigeria. The US unemployment rate is 5%. Their minimum wage is ~$7/hr (~N350k/mth).

kayfra:
Add that to MTN fees and Buhari is gradually funding his budget.

Conductor, give us our CHANGE

Don't forget the 50 box recently added to current accounts o

hoseamatoh:


Don't forget the 50 box recently added to current accounts o

That one is for banks to recoup money they'll lose due to the reduction of interest rates.

ozo13:
us budget pass am welllaaaaa.its around d range of 3-5trillion dollars. dr health budget alone is like x5 of the whole Nigeria budget. If u doubt it calculate 200billion dollar equivalent in naira.u can see y we and ds countries can Neva be mate years to come. We will get dr someday na em be our hope

Thanks for that info