Irish government pledges to Return 2.5 Billion naira Abacha Loot
The Irish government has pledged to return €5.5 million (2.5 Nillion Naira) which was looted by General Sani Abacha when he was the Military Head of State.
This was confirmed in a statement by the Department of Justice and Equality on Thursday which stated that Ireland have signed a Memorandum of Understanding to repatriation stolen funds which amounts to €5.5 million.
The money is part of the $5 billion stolen by the late Head of State, Gen. Sani Abacha, between 1993 and 1998.
In a statement by the Minister for Justice and Equality, Helen McEntee: “I am very pleased to sign this Memorandum of Understanding between Ireland and Nigeria. This represents the culmination of a long process which began with an internationally led investigation.
“The Criminal Assets Bureau took part in this international operation which led to the freezing of over $1 bn in funds worldwide, of which approximately €5.5 million was identified in a Dublin based bank account.
“The assets misappropriated by the late Gen. Sani Abacha, former Head of State of Nigeria , were frozen in a bank account in Ireland by the Criminal Assets Bureau in October 2014″.
With the coronavirus pandemic ravaging Nigeria’s economy, let’s hope that our leaders will use the repatriated money wisely.