• About
  • Contact Us
Wednesday, June 29, 2022
The Gist Day
No Result
View All Result
  • Login
  • News
    • All
    • National
    EFCC PDP Primary

    Landlords Who Rent Houses To Yahoo Boys Risk Jail Term – EFCC

    NAICOM Standard Alliance

    NAICOM Withdraws Licences Of Niger Insurance, Standard Alliance

    Itsekiri Olu of Warri

    Itsekiri Trust Fund Launches Social Security Healthcare Safety Net

    Ambassador Otobo

    NiDCOM Calls For Investigation Into Death Of Ambassador Otobo

    Top 5 Nigerian Newspaper Headlines For Today, Tuesday, 28th June, 2022

    Top 5 Nigerian Newspaper Headlines For Today, Tuesday, 28th June, 2022

    Nigeria NBA Law School

    CJN’s Resignation: NBA Reacts, Calls For Reform

    Trending Tags

    • Commentary
    • Featured
    • Event
    • Editorial
  • Business
  • National
  • Politics
  • Opinion
  • Coronavirus
  • Tech
  • Gist & Jabs
  • Lifestyle
  • Entertainment
  • Health
  • Travel
  • News
    • All
    • National
    EFCC PDP Primary

    Landlords Who Rent Houses To Yahoo Boys Risk Jail Term – EFCC

    NAICOM Standard Alliance

    NAICOM Withdraws Licences Of Niger Insurance, Standard Alliance

    Itsekiri Olu of Warri

    Itsekiri Trust Fund Launches Social Security Healthcare Safety Net

    Ambassador Otobo

    NiDCOM Calls For Investigation Into Death Of Ambassador Otobo

    Top 5 Nigerian Newspaper Headlines For Today, Tuesday, 28th June, 2022

    Top 5 Nigerian Newspaper Headlines For Today, Tuesday, 28th June, 2022

    Nigeria NBA Law School

    CJN’s Resignation: NBA Reacts, Calls For Reform

    Trending Tags

    • Commentary
    • Featured
    • Event
    • Editorial
  • Business
  • National
  • Politics
  • Opinion
  • Coronavirus
  • Tech
  • Gist & Jabs
  • Lifestyle
  • Entertainment
  • Health
  • Travel
No Result
View All Result
Morning News
No Result
View All Result
Home Economy

FG Receives Another Batch Of Abacha’s Loot

Olajumoke Tijani by Olajumoke Tijani
May 4, 2020
in Economy, National, News
0
FG Receives Another Batch Of Abacha’s Loot
0
SHARES
33
VIEWS
Share on FacebookShare on Twitter

The Federal Government has confirmed the receipt of approximately three hundred and eleven million dollars of the Abacha loot from the United States of America and the Bailiwick of Jersey.

The Attorney-General of the Federation and Minister of Justice, Mr Abubakar Malami, SAN, confirmed this in a press release issued by the Special Assistant on Media and Public Relations, Office of the Attorney-General of the Federation and Minister of Justice, Dr Umar Gwandu.

READ ALSO

Landlords Who Rent Houses To Yahoo Boys Risk Jail Term – EFCC

NAICOM Withdraws Licences Of Niger Insurance, Standard Alliance

Following the interest the fund accrued from February 3, 2020 to April 28, 2020, when it was transferred to the Central Bank of Nigeria, the amount increased from $308 million mentioned in the press release issued in February, 2020, to over $311million.

app

The Attorney-General noted that the litigation process for the return of these assets titled “Abacha III” commenced in 2014 while the diplomatic process that culminated into the signing of the Asset Return Agreement on February 3, 2020, by the Governments of Nigeria, United States of America and the Bailiwick of Jersey commenced in 2018.

Malami stated:

Eco Bank

This agreement is based on international law and cooperation measures that sets out the procedures for the repatriation, transfer, disposition and management of the assets.

The statement noted that the recovery effort further consolidates on the established record of the administration of the President Muhammadu Buhari-led government which recovered $322m from Switzerland in 2018. The fund, he said, is being transparently and judiciously deployed in supporting indigent Nigerians as specified in the agreement signed with the Switzerland and the World Bank.

app

The leader of Nigeria’s team noted that the Tripartite Agreement and the process towards the implementation represents a major watershed in International Asset Recovery and Repatriation as it seeks to provide benefit to the victims of corruption.

He said:

In line with the 2020 Asset Return Agreement, the fund has been transferred to a Central Bank of Nigeria Asset Recovery designated account and would be paid to the National Sovereign Investment Authority (NSIA) within the next fourteen days.

Tags: AbachaLootNigeriaUnited States

Related Posts

EFCC PDP Primary
News

Landlords Who Rent Houses To Yahoo Boys Risk Jail Term – EFCC

June 28, 2022
NAICOM Standard Alliance
Business

NAICOM Withdraws Licences Of Niger Insurance, Standard Alliance

June 28, 2022
Itsekiri Olu of Warri
News

Itsekiri Trust Fund Launches Social Security Healthcare Safety Net

June 28, 2022
Ambassador Otobo
News

NiDCOM Calls For Investigation Into Death Of Ambassador Otobo

June 28, 2022
Top 5 Nigerian Newspaper Headlines For Today, Tuesday, 28th June, 2022
News

Top 5 Nigerian Newspaper Headlines For Today, Tuesday, 28th June, 2022

June 28, 2022
Nigeria NBA Law School
News

CJN’s Resignation: NBA Reacts, Calls For Reform

June 28, 2022
Next Post
Why Risk Your Life When You Can Bank With V By VFD (VBank or V)

Why Risk Your Life When You Can Bank With V By VFD (VBank or V)

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

app

app
GTBank ADs GTBank ADs GTBank ADs

LATEST NEWS

Itsekiri Olu of Warri

Itsekiri Trust Fund Launches Social Security Healthcare Safety Net

June 28, 2022
Week 52 Pool Fixture for Sat 2, July 2022: Aussie 2022

Week 52 Pool Fixture for Sat 2, July 2022: Aussie 2022

June 28, 2022
Nigeria NBA Law School

CJN’s Resignation: NBA Reacts, Calls For Reform

June 28, 2022
Dollar To Naira Black Market Exchange Rate Today 28th June 2022

Dollar To Naira Black Market Exchange Rate Today 28th June 2022

June 28, 2022
Week 1 Pool Fixture for Sat 9, July 2022: Aussie 2022

Week 1 Pool Fixture for Sat 9, July 2022: Aussie 2022

June 28, 2022

EDITOR'S PICK

Don Jazzy Gives Up On Rihanna

Don Jazzy Gives Up On Rihanna

December 22, 2020
The Shameful Thing Jaruma Said About Tacha – Kemi Olunloyo Reveals, Mocks Reality Star

The Shameful Thing Jaruma Said About Tacha – Kemi Olunloyo Reveals, Mocks Reality Star

May 28, 2022
Uche Maduagwu Drags Bobrisky Over His N400 Million Mansion

Uche Maduagwu Drags Bobrisky Over His N400 Million Mansion

June 23, 2022
Tacha Goes Live On Big Brother Naija Show To Introduce Housemates’ Task (Video)

Tacha Goes Live On Big Brother Naija Show To Introduce Housemates’ Task (Video)

August 13, 2020

About

We bring you the stories that perfect for news, finance, politics etc. Check our landing page for details.

Follow us

Categories

  • A Call to Prayer
  • Appointments
  • Business
  • Celebrities
  • Coronavirus
  • Corporate Amazon
  • Economy
  • Education
  • Entertainment
  • Environment
  • Fashion
  • Financial Literacy
  • From the Kaaba
  • From the Pulpit
  • Gist & Jabs
  • Health
  • Jobmart
  • Lifestyle
  • Living
  • Metro Gist
  • National
  • News
  • Op-Ed
  • Opinion
  • Politics
  • Press Release
  • Religion
  • Sport
  • State News
  • Tech
  • Tourism
  • Travel
  • Uncategorized
  • World News

Recent Posts

  • Landlords Who Rent Houses To Yahoo Boys Risk Jail Term – EFCC
  • Judge refuses to hear case of lawyer for dressing as ‘juju priest’ to court
  • Ayade Dethrones 2 Clan Heads Over Communal Clash.
  • NAICOM Withdraws Licences Of Niger Insurance, Standard Alliance
  • Disclaimer
  • Home 2
  • Ikoyi building collapse: Corper who redeployed from Borno to Lagos, confirmed dead
  • Privacy Policy
  • Sample Page
  • TheGistDay
  • Whitemoney And New Lady Spotted Stepping Out Of Hotel Together (Video)

© 2022 TheGistDay.

No Result
View All Result
  • News
  • Business
  • National
  • Politics
  • Opinion
  • Coronavirus
  • Tech
  • Gist & Jabs
  • Lifestyle
  • Entertainment
  • Health
  • Travel

© 2022 TheGistDay.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Posting....