Nigeria will soon receive $750m Abacha loot, £6.9 million Ibori loot- Minister of Justice

The Minister of Justice and the Attorney General of the Federation, Justice Abubakar Malami, says the Federal government will soon receive another $750 million allegedly laundered by former Military dictator, Sani Abacha and £6.9 million by former Delta state governor, James Ibori who is serving jail term in the UK over corruption charges.

 Malami who made this known at an interactive session with the House of Reps Committee on Justice at the National Assembly Abuja yesterday January 26th, said his ministry will engage Mutual Legal Assistance Agreement with foreign governments to “ensure the repatriation of illicitly-acquired assets.

 “In respect of of the recovery of looted assets, the ministry will engage in a 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 of foreign-based counsel to 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 £6.9 million of the ‘Ibori loot’. In the long run, the ministry will coordinate the recovery of billions of dollars in foreign jurisdictions, based on current estimations.”he said