Nigeria, US to sign pact on recovery of stolen assets

* To assist in repatriating Abacha’s $321m looted funds, others

Isola Moses

Nigeria seems in a good stead to recover more of its stolen national wealth which certain Nigerians have stashed overseas.

Abubakar Malami, SAN, Attorney-General of the Federation (AGF) and Minister of Justice, subsequently, has departed the country to attend a three-day meeting of the United States-Nigeria Bi-national Commission in Washington, D.C., United States.

ConsumerConnect gathered that Dr. Umar Gwandu, Special Assistant on Media and Public Relations in the Office of the Minister disclosed this in a statement Sunday, Febrary 2, in Abuja.

Malami, on behalf of the Federal Republic of Nigeria, is expected to sign a tripartite agreement with Nigeria, the Island of New Jersey and the United States of America.

The agreement is for repatriation of $321million (US Dollars) looted assets and as part of the Federal Government’s efforts at recovering more stolen funds hoarded abroad.

He said the meeting is an annual event between Nigeria and US, aimed at reviewing bilateral relations and taking necessary steps to advance mutual interest in all diplomatic areas among the two countries.

“The meeting is not an ad hoc event for addressing impromptu concerns, but a friendly bi-national meeting that holds annually devoid of intervening concerns or relating to the internal affairs of the participating states.

Some other Nigerian government delegates expected to be part of the meeting in Washington, D.C. include: the Minister for Industry, Trade and Investment, Otunba Adeniyi Adebayo, Minister for Defence, Maj.-Gen. Bashir Magashi (rtd), and Minister for Foreign Affairs, Geoffrey Onyeama.

Others are National Security Adviser (NSA), Maj.-Gen. Babagana Monguno (rtd) as well as Minister for Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Faruk.

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