Abacha loots "no de finish" as FG seeks recovery of fresh $750m Abacha loot:

 
 The Attorney General of the Federation and Minster of Justice, Mr. Abubakar Malami, on Tuesday, disclosed plans by the Federal Government to engage acclaimed consultants in its bid to recover another $750m looted and stashed away by a former Head of State, the late Gen. Sani Abacha.
He stated that another £6.9m loot, held by a former Governor of Delta State, Mr. James Ibori, would also be recovered.
The minister, who spoke on the government’s plans when he met with the House of Representatives Committee on Justice, added that the country’s judgment debts stood at N75bn.He also revealed that about 800 terrorism cases were being lined up for prosecution by his office.
Malami said, “In respect 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 multi-lateral 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 $750m ‘Abaca loot’ as well as the sum of GBP £6.9m of the ‘Ibori loot’.

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