The Nigerian government on Monday announced the repatriation of $311,797,866.11 recovered assets of Late General Sani Abacha.
The money was repatriated from the United States and the Bailiwick of Jersey, the Attorney-General of Federation and Minister of Justice, Abubakar Malami, said in a statement.
The statement, signed by Malami’s spokesman Umar Gwandu, added that the litigation process for the return of the assets titled ‘Abacha III’ commenced in 2014 while the diplomatic process that culminated in the signing of the Asset Return Agreement commenced in 2018.
The agreement was signed on February 3 by the governments of Nigeria, the United States, and the Bailiwick of Jersey.
“This Agreement is based on international law and cooperation measures that set out the procedures for the repatriation, transfer, disposition, and management of the assets,” he said.