FG’ll Recover $750m Abacha loot soon — Minister

           

 Federal Government says it would soon recover all additional $750 million said to be “Abacha loot” still pending. According to the Attorney-General of the Federation, AGF, and Minister of Justice, Mr. Abubakar Malami , the Minister is also aiming at recovering the £6.9 million said to have been misappropriated by a former governor of Delta State, James Ibori.

“In respect of of the recovery of looted assets, the ministry will engage in an agree waive policy of using 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 ‘Abaca loot’ as well as the sum of GBP 6.9 million of the ‘Ibori loot’.

“On the long run, the ministry will be in a position to coordinate the recovery of billions of Dollars in foreign jurisdictions, based on current estimations.” he said