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The Federal Government of Nigeria has confirmed that it has received $311,797,866 of the Abacha loot.
Attorney-General of the Federation and Minister of Justice, Abubakar Malami, made the disclosure on Monday, through his Spokesman, Umar Gwandu.
According to him, the amount increased from over $308 million two months ago to $311 million because of the interest that accrued.
“This Agreement is based on international law and cooperation measures that set out the procedures for the repatriation, transfer, disposition and management of the assets.
“In line with the 2020 Asset Return Agreement, the fund has been transferred to a Central Bank of Nigeria Asset Recovery designated account and would be paid to the National Sovereign Investment Authority (NSIA) within the next fourteen days.
“The NSIA is responsible for the management and execution of the projects to which the funds will be applied."
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