There is a Separate $319m Abacha Loot in the United Kingdom and France – US

Must Read

African Tribe: The Daasanach People of Eastern Africa

The Daasanach are a semi-nomadic tribe numbering approximately 50,000 whose clans stretch across Sudan, Kenya and Southern Ethiopia. The Daasanach...

Mali Swears In Bah Ndaw As New Civilian Leader

Mali's new president Bah Ndaw has been sworn into office, five weeks after the overthrow of Ibrahim Boubacar Keïta. Former...

Troublesome South African Baboon Evicted For Organizing Gang To Raid Homes

Kataza is an urban baboon who was captured and put in a local prison for organizing a band of baboons to join him in raiding 15 homes in Kommetjie, on Cape Town's southern peninsula in South Africa.



Barely a week after helping to repatriate $311m stolen by the late Head of State, Gen. Sani Abacha back to Nigeria, the United States says there is a separate $319m (N121bn) Abacha loot in the United Kingdom and France.

There is a Separate $319m Abacha Loot in the United Kingdom and France - US

The US Embassy in Nigeria said in a statement on Wednesday that there is $167m in stolen assets in France while there is a separate $152m in the UK which is being challenged in court.

The statement read in part, “The funds returned last week are distinct and separate from an additional $167m in stolen assets also forfeited in the United Kingdom and France, as well as $152m still in active litigation in the United Kingdom.”

Bloomberg had reported that the repatriation of the $152m (now $155m due to interest) to Nigeria is being challenged by the UK and the US because of alleged plans by the Nigerian government to give $110m out of the money to Kebbi State Governor, Atiku Bagudu, a known associate of the late Abacha.

Nigeria is seeking the approval of a UK court to take ownership of the assets before returning 70 percent of the proceeds to Bagudu under the terms of a 2018 deal, according to Bloomberg.

Nigeria’s Attorney-General, Abubakar Malami (SAN), has, however, denied ever entering a deal with Bagudu but court papers say otherwise.

The UK government’s National Crime Agency is also “opposing the Federal Republic of Nigeria’s application,” according to a motion filed by Bagudu’s brother, Ibrahim, to the District Court for the District of Columbia in the US capital on March 30.

Related:   Nelson Mandela’s Lawyer And Anti-apartheid Icon George Bizos Dies At 92

The US Department of Justice said in February that its Nigerian counterpart is hindering its efforts to recover the allegedly laundered money from the UK.

Bagudu was part of a network controlled by Abacha that “embezzled, misappropriated and extorted billions from the government of Nigeria,” according to the US Department of Justice.

While successive Nigerian governments have repatriated billions of dollars looted by Abacha, who died in office in 1998, the current regime of Major General Muhammadu Buhari (retd.), said it is prevented from assisting America’s ongoing forfeiture efforts by an agreement between Bagudu and a previous government in 2003.

Recall that just this Monday the government of US had returned $312 million seized from Nigeria’s former dictator Sani Abacha

The loot ($311,797,866) which was received by the Nigerian government was repatriated from the United States and the Bailiwick of Jersey after a recent agreement where the Nigeria agreed to “replace” the $300m General Sani Abacha loot returned to the country if the fund was misused.

Related:   Fadji Maina: Meet The First Nigerien Scientist To Work For Nasa

According to the U.S. Justice Department, the money must be used for the agreed public projects highlighted in the agreement signed with it before the fund was returned to Nigeria.

“Should any of the parties — including the United States —conclude that any of the returned funds had been used for an ineligible expenditure, a “claw-back” provision would then obligate the FRN (Nigeria) to replace fully any such improperly diverted monies,” the letter said.

Transparency International estimates that Abacha stole as much as $5bn of Nigeria public funds during his tenure.



Uzonna Anele
Anele is a web developer and a Pan-Africanist who believes bad leadership is the only thing keeping Africa from taking its rightful place in the modern world.

Leave a Reply

Subscribe to receive email updates

With a subscription profile, you automatically receive updates without having to return to the website and check for changes

Just In

African Tribe: The Daasanach People of Eastern Africa

The Daasanach are a semi-nomadic tribe numbering approximately 50,000 whose clans stretch across Sudan, Kenya and Southern Ethiopia. The Daasanach...

Mali Swears In Bah Ndaw As New Civilian Leader

Mali's new president Bah Ndaw has been sworn into office, five weeks after the overthrow of Ibrahim Boubacar Keïta. Former Defence Minister Bah Ndaw, 70,...

Troublesome South African Baboon Evicted For Organizing Gang To Raid Homes

Kataza is an urban baboon who was captured and put in a local prison for organizing a band of baboons to join him in raiding 15 homes in Kommetjie, on Cape Town's southern peninsula in South Africa.

A Leading University In China Now Teaches Ethiopia’s Amharic Language As A Full Course

A leading university in China — Beijing Foreign Studies University (BFSU) — has started to offer Ethiopia's widely spoken Amharic language as a full...

TIME 100: Tony Elumelu, Three Other Nigerians Makes Time’s list of 100 Most Influential People Of 2020

Tony Elumelu, is among four Nigerians named by the Time Magazine International in their 2020 list of 100 most influential people in the world...

More Articles Like This