|US agree to return millions of Abacha loot.|
There has been so many reports on Abacha looting,and only recently the headlines Abacha loot deal
a global shame ruled the airwaves.
A source at EFCC who spoke on the repatriation said “This is the largest loot ever traced to a former Nigerian public officer in the U.S. The DOJ, the AGF and the EFCC have concluded all the talks; we are in the process of repatriation of the $480million. Although there are interventions from private lawyers, the DOJ prefers a government-to-government deal.
|Abacha looting is phenomenal.|
I can tell you that the funds will soon be repatriated. If there is anything left, it has to do with the conditions which the US will attach to the utilisation of the funds. The US is likely to advise on specific areas to spend the funds on and the project monitoring mechanisms. It does not want the cash re-looted. The Federal Government and the U.S. on January 14, 2003 signed the Treaty on Mutual Legal Assistance in Criminal Matters between the two nations.
So, no corrupt public officers from Nigeria can hide in the US. At the session with AGF and the EFCC boss, they told the Nigerian team that the DOJ now has Kleptocracy Unit which is closing tabs on Political Office Holders and other public officers in this country and many other nations.”
The Criminal Division of the Office of International Affairs of the US Department of Justice, in a letter to the Federal Government, identified the accounts where Abacha loot was hidden.