You’ll return Sani Abacha loot if stolen, US tells Nigeria

The United States has  warned  that the $321m Gen. Sani Abacha loot soon be repatriated to Nigeria must be placed in an account and must not be stolen.

The US said  Nigeria would be made to replace  the money if stolen.

Spokesperson  for the US State Department, Morgan Ortagus, said in a statement  this was one of the agreements  between the US, Nigeria and the Island of Jersey, where the funds are being kept.

The US said the arrangement was consistent with the commitments both the US and Nigeria made under the principles agreed to at the 2017 Global Forum on Asset Recovery co-hosted by the US and the United Kingdom.

Abacha, who ruled Nigeria  between 1993 and 1998, is believed to have diverted over $4bn from the nation’s treasury.

Over $1bn has been recovered from his loot so far.

However, there have been rumours that the funds have not been properly managed by successive governments. Punch

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