$750 millon and £6.9 million loot recovered by Late Sanni Abacha and James Ibori.

Another $750 million loot recovered from late
former Military dictator, Sani Abacha and £6.9
million by jailed former Delta state governor, James
Ibori will be paid into Nigerian coffers, Minister of
Justice and the Attorney General of the Federation,
Justice Abubakar Malami has said.

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.

“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