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
-
Let’s give OSP time to mature, not to scrap it – Hassan Tampuli
3 minutes -
Nigeria convicts 386 Islamist militants in mass trials
8 minutes -
Djibouti president wins election with 97.8% of vote, state media says
13 minutes -
We don’t have mandate to deduct tax from rent allowance of security services personnel – Interior Ministry clarifies
27 minutes -
Ablakwa receives Presidential Special Envoy on Reparations to advance global agenda
45 minutes -
Christina Koch becomes first woman to travel around the moon on Artemis II
55 minutes -
Epstein survivors’ calls to meet King Charles and Queen harder to ignore as US visit approaches
1 hour -
UN Secretary-General names Ghana’s Anita Kiki Gbeho as South Sudan envoy
1 hour -
Mali withdraws recognition of Sahrawi Republic, backs Morocco’s autonomy plan
1 hour -
Gov’t distributes over 8,500 laptops to One Million Coders project
1 hour -
Julius Debrah, ‘man to beat’ as NDC’s James Agbey dismisses Musah Dankwah’s polls
1 hour -
GPRTU in Savannah Region to protest alleged eviction in Damongo
2 hours -
Re: Reinsurance does not replace process — A response to the SIGA–SIC defence
2 hours -
Gender Ministry supports Harriet Amuzu in ongoing abuse case
2 hours -
AG joins plaintiff to scrap OSP ?: We should be mindful of the mischief in this – Bobby Banson
2 hours