US hints of fresh $319m Abacha loot in UK, France

There is a recent looting of $ 319 million from former head of state, General Sani Abacha, in France and the United Kingdom, the United States declared.

$ 167 million from the withdrawal is in France, while the United Kingdom has $ 152 million in assets from Abacha, he added.


The United States, however, has declared that the withdrawal of $ 152 million in the United Kingdom is the subject of litigation.

In a statement released on Wednesday in Abuja, the US said: “The funds returned last week are separate and separate from an additional $ 167 million in stolen assets also lost in the UK and France, in addition to $ 152 million still in active litigation in the country. United Kingdom.

The repatriation of the $ 152 million (now $ 155 million due to interest) to Nigeria is being challenged by the United Kingdom and the United States due to alleged plans by the Nigerian government to donate $ 110 million of the money to the governor of Kebbi State, Atiku Bagudu, a well-known collaborator of the late Abacha, informed Bloomberg.


Read too: Abacha withdrawal of US $ 311 million: Repatriation of funds is a sign of confidence in Nigeria

Nigeria is seeking approval from a UK court to seize assets before returning 70% of the proceeds to Bagudu under a 2018 agreement, according to Bloomberg.

The UK government's National Crime Agency is also "opposing the request of the Federal Republic of Nigeria," according to a motion by Bagudu's brother Ibrahim to the District Court of the District of Columbia in the U.S. capital, on March 30th.


The U.S. Department of Justice said in February that its Nigerian colleague is hampering its efforts to recover the allegedly laundered UK money.

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