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
-
Emissions Levy had no impact on air pollution, research reveals
56 minutes -
DSTV enhanced packages stay in force as subscriptions rise following price adjustments
1 hour -
Financial Stability Advisory Council holds final meeting for 2025
1 hour -
Education in Review: 2025 marks turning point as Mahama resets Ghana’s education sector
1 hour -
Nigeria AG orders fresh probe into alleged intimidation and assault of Sam Jonah’s River Park estate staff
2 hours -
Concerned Small Scale Miners commend GoldBod’s efforts in addressing gold smuggling
2 hours -
Haruna Mohammed claims Ghana Audit Service undermined
2 hours -
5 members of notorious robbery syndicate in Tema, Accra arrested
2 hours -
BoG, SEC and FIC hold Joint sensitisation workshop for Virtual Asset Service Providers
2 hours -
How Nico Cantor became one of the top voices in American soccer
3 hours -
Ghana colorectal cancer patients face low survival rates, KNUST study finds
3 hours -
Police arrest suspect in GH₵ 7.5m daylight robbery at Adabraka
3 hours -
Armwrestling: The Golden Arms’ 2025 Triumph and an Era of Unprecedented Victories
3 hours -
Ghanaian researcher wins ASCE editors’ recognition for modular construction study
3 hours -
Corruption fight: I don’t think there’s political persecution or witch-hunting – Edem Senanu
3 hours
