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.

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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.

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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.

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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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