Audio By Carbonatix
The US has agreed to return another instalment of $23m (£19m) to Nigeria - part of money allegedly looted and stashed abroad by former Nigerian military ruler Sani Abacha.
This is part of a deal sealed on Tuesday in the Nigerian capital, Abuja, between the two countries.
Justice Minister Abubakar Malami signed on behalf of Nigeria while the US ambassador to Nigeria Mary Leonard signed the agreement on behalf of the US government.
Mr Malami said the funds to be repatriated ''soon'' will be spent on infrastructural development in the country.
The US had in 2020 returned more than $300m to the West African country.
General Sani Abacha died while in office in 1998. He was accused of stealing billions of dollars of public funds and stashing them in Europe and the US.
In recent years, the Nigerian government has secured the release of part of the loot from several countries including Switzerland, Britain and the US.
Latest Stories
-
Dad unlawfully killed daughter in Texas shooting, coroner rules
3 hours -
Anas wins 7 – 0 as SC unanimously rejects attempts to reverse judgment in his favour
3 hours -
The cocoa conundrum: Why Ghana’s farmers are poor despite making the world’s best chocolate
4 hours -
Powerful cyclone kills at least 31 as it tears through Madagascar port
4 hours -
GoldBod summons 6 gold service providers over compliance exercise
5 hours -
Power disruption expected in parts of Accra West as ECG conducts maintenance
5 hours -
Police investigate alleged arson attack at Alpha Hour Church
5 hours -
Heavy Sunday downpour wrecks Denyaseman SHS, schools, communities in Bekwai Municipality
5 hours -
Ridge Hospital is in critical condition – GMTF Boss appeals to corporate Ghana
6 hours -
Introduce long term measures to tackle challenges in cocoa sector – IERPP to government
6 hours -
Agricultural Economist proposes blended financing model to support cocoa sector
6 hours -
NPP MP warns against reducing producer price as government rolls out cocoa reforms
7 hours -
Tano North MP urges halt to grain exports over food glut
7 hours -
Farmers hopeful as government moves to expedite cocoa payments
7 hours -
Tensions at Agbogbloshie market women oppose AMA drain cleaning exercise, items confiscated
7 hours