The US Embassy in Nigeria in a statement on Wednesday, said there is $319 million Abacha loot ($167m in France and $152m in the UK) that is being challenged in court. This is coming just a week after $311 million (N118bn) Abacha loot was returned from the United States of America.
The statement read: “The funds returned last week are distinct and separate from an additional $167 million in stolen assets also forfeited in the United Kingdom and France, as well as $152m still in active litigation in the United Kingdom.”
According to Bloomberg, the repatriation of the $152 million to Nigeria is being challenged by the UK and the US because of reported plans by the Nigerian government to give $110 million of the money to Kebbi State Governor, Atiku Bagudu, a known associate of the late Abacha.
However, the Attorney-General of the federation, Abubakar Malami (SAN), has denied the Bagudu angle.
