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.
(more after the cut)
“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
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