• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
    • Government
  • Security
  • Features
  • State
  • Event
    • PR Nigeria Award
  • E-Paper
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
    • Chinese nationals jailed in Lagos

      Court Jails Nine Chinese Nationals for Cybercrime in Lagos

      ASUU

      Tackle Corruption, Institutional Decay – ASUU Charges FG

      EFCC Arraigns Bauchi Accountant General Over N8bn Fraud as Court Sentences…

      PRNigeria logo fearured image

      EFCC Arraigns Ex-Convict, Other for Naira Abuse in Lagos

      EFCC Arrests 37 Suspected Internet Fraudsters in Ilorin

  • Fact-Check
  • Economy
    • Comptroller General Nigerian Customs Bashir Adewale

      Nigeria Customs, ICPC and the Audit of Conscience

      Customs Diplomacy: Nigeria, Saudi Arabia Ink Mutual Assistance Deal

      Comptroller General Nigerian Customs Bashir Adewale

      Nigeria, Belarus Forge Alliance to Combat Smuggling, Facilitate Trade

      President Bola Ahmed Tinubu and CG Customs, Bashir Adewale Adeniyi

      Tinubu Hails Customs Boss Wale Adeniyi on Historic Election as WCO…

      WTO Lauds Nigeria Customs for Embracing Global Trade Standards

  • National
    • Ribadu Proposes Reintegration of Military Veterans to Bolster National Security

      DICON signs MoU with Saudi firm

      DICON, Saudi firm sign MoU to produce security drones, satellites in…

      Chief of Army Staff, Lt Gen Faruk Yahaya

      Ex-COAS Urges Reforms in Recruitment, Training of Army, Harps on Prioritisation…

      Prioritise Troops’ Welfare, Mission Over Personal Gain – COAS Charges Army…

      Nigeria’s Growth Numbers Tell Only Half the Story By Umar Farouk…

    • Government
      • Corporate Affairs Commission

        CAC Unveils AI-Powered Registration Portal to Revolutionize Business Registration in Nigeria

        Employment: ICPC Secures Conviction of FAAN Staff

        Staff of PRNigeria with federal lawmakers

        Federal Lawmakers Endorse PRNigeria Fellowship, Pledge Support for Youth Empowerment

        G7 Countries

        Iran Must Never Possess Nuclear Weapons – G7 Declare

        Nigerian Dignitaries, Business Leaders Attend Aminu Dantata’s Burial in Madinah Saudi…

  • Security
    • Police Officer

      Police Foil Bandit Attacks in Katsina, Rescue Victims as Traditional Leader…

      Ribadu Proposes Reintegration of Military Veterans to Bolster National Security

      DICON signs MoU with Saudi firm

      DICON, Saudi firm sign MoU to produce security drones, satellites in…

      Chief of Army Staff, Lt Gen Faruk Yahaya

      Ex-COAS Urges Reforms in Recruitment, Training of Army, Harps on Prioritisation…

      Prioritise Troops’ Welfare, Mission Over Personal Gain – COAS Charges Army…

  • Features
    • Nigeria’s Growth Numbers Tell Only Half the Story By Umar Farouk…

      NYSC Corps Members in Camp

      The Burden Too Many Nigerian Youths Bear Alone

      Combating Deepfake Videos: A Fight for Nigeria’s Soul By Mukhtar Ya’u…

      Domestic Violence

      Marriage and the Silent Wounds Within Homes By Hafsat Ibrahim

      FutureMap Foundation Sparks Innovation with Design Thinking in Nigeria

  • State
    • Police Officer

      Police Foil Bandit Attacks in Katsina, Rescue Victims as Traditional Leader…

      Customs Hands Over N172m Worth of Cannabis to NDLEA in Ogun,…

      Combating Deepfake Videos: A Fight for Nigeria’s Soul By Mukhtar Ya’u…

      IEDs found at the bridge

      Military Foils Terrorists’ Bomb Attack, Discovers 56 IEDs on Marte–Dikwa Bridge…

      Suspected Gunrunner

      Plateau: Troops Nab Suspected Gunrunner, Recover AK-47, Ammunition in Plateau

  • Event
    • President & Chairman of Governing Council, Dr. Ike Neliaku

      NIPR Lauds Nigerian PR Firms for Outstanding Performances at 2025 SABRE…

      SCN NGO signs partnership with PRNIGERIA

      SCN NGO Seals Partnership with PRNigeria to Amplify its Humanitarian Projects

      NELFUND

      NELFUND Warns Students Against Fake Loan Application Portal

      EFCC Witness: Yahaya Bello Had No Property Dealings With EFAB

      Hon. Rukayat Motunrayo Shittu (RMS), with PRNigeria Ladies in PR I'm Abuja

      Rukayat Shittu Set to Publish Inspirational Book “Cracking the Glass Ceiling”,…

    • PR Nigeria Award
  • E-Paper
Home Government Abacha Loot: Government is transparent in Usage of recovered Assest –...
  • Government

Abacha Loot: Government is transparent in Usage of recovered Assest – AGF

By
Modupe Ogundoro
-
February 5, 2020
Abubakar Malami
Abubakar Malami

Abacha Loot: Government  is transparent in usage of recovered assest- AGF

Federal Government of Nigeria, under the leadership of President Muhamadu Buhari, has established record of people-oriented utilization of recovered assets assest of people-oriented utilization of recovered assets and strong commitment to transparency and accountability through diligent implementation of projects agreed upon.

The Attorney-General of the Federation and Minister of Justice, Abubakar
Malami, SAN made this known on Monday4th February, 2020 as the Federal Republic of Nigeria, Government of Jersey and United States of America signed a tripartite agreement on recovery of over $300m looted funds.

The Special Assistant to the Minister on Media and Public Relations, Dr. Umar Jibrilu Gwandu, said in a statement on Tuesday 4th February,2020 that the Attorney General of the Federation and Minister of Justice, Abubakar Malami signed the agreement on behalf of Nigerian government while the Solicitor General and Attorney General designate of Jersey, Mark Temple QC signed the Agreement on behalf of Jersey, the Deputy Assistant Attorney Brian Benczkowski announced the agreement on behalf of the United States.

Malami recalled specifically the Federal Government’s agreement with Switzerland and the World Bank with particular reference to the disbursement of the three hundred and twenty-two million US Dollars ($322million) repatriated from Switzerland in 2018 under a World Bank monitored social investment
program targeted at poor households.

According to the statement, in his address during the signing, the Attorney General of the Federation and Minister of Justice, Abubakar Malami, SAN said that the “agreement has culminated in a major victory, for Nigeria and other African countries as it recognizes that crime does not pay and that it is important for the international community to seek for ways to
support sustainable development through the recovery and repatriation of stolen assets.”

He noted further that “Without the commitment of the three parties to the Agreement (Nigeria, Jersey and the United States) and that of the legal experts and Attorneys representing Nigeria, it would have been impossible to achieve the success recorded today.”

Mr. Malami, also stated, “As you are aware, the government of Nigeria has committed that the assets will support and assist in expediting the construction of three major infrastructure projects across Nigeria: the Lagos – Ibadan Expressway, Abuja – Kano Road and the
Second Niger Bridge.  These projects are being executed under the supervision of the Nigeria Sovereign Investment Authority as a Public Private Partnership that will boost economic growth and help alleviate poverty by connecting people and supply chains from the East to the
West and to the Northern part of Nigeria, a vast area covering several kilometers with millions of the country’s population set to benefit from the road infrastructures”.

He urged for greater cooperation and mutual respect amongst countries in the implementation of expeditious cooperation measures already set out in the United Nations Convention Against Corruption and in the implementation of the Global Forum on Asset Recovery (GFAR) principles
on the repatriation of stolen assets.

The Minister called for civil society organizations and the Nigerian public’s involvement in the monitoring of the usage of the recovered fund in the implementation of the key infrastructure projects that will greatly enhance road transportation in Nigeria.

Read Also:

  • Police Foil Bandit Attacks in Katsina, Rescue Victims as Traditional Leader Abducted
  • Ribadu Proposes Reintegration of Military Veterans to Bolster National Security
  • DICON, Saudi firm sign MoU to produce security drones, satellites in Nigeria

According to a joint press statement on the agreement issued by the government of three countries, the Federal Government is to establish a Monitoring Team to oversee the implementation of the projects and to report regularly on progress.

“The Nigerian government, in consultation with the other Parties, will also engage Civil Society Organisations, who have expertise in substantial infrastructure projects, civil engineering, anti-corruption compliance, anti-human trafficking compliance, and procurement to provide additional monitoring and oversight”.

The Solicitor General and Attorney General designate of Jersey, Mark Temple QC, who signed the Agreement on behalf of Jersey, said “this Agreement represents the culmination of two decades of intensive work by Law Officers in Jersey, the United States and Nigeria. The return
of the assets to Nigeria had been delayed by a number of hard-fought challenges by third parties which were defeated in the Courts in Jersey and the United States.

“The Agreement establishes a framework based on fruitful co-operation, trust and respect so that the forfeited funds can be repatriated to benefit the people of Nigeria, from whom they had been taken. The use of the funds will be subject to monitoring and reporting obligations.

“This is a very significant achievement, and, once again, demonstrates Jersey’s commitment to tackling international financial crime and money laundering.”

Jersey’s Minister for External Relations, Senator Ian Gorst, said: “since becoming aware that the alleged proceeds of Abacha corruption and money laundering had passed through Jersey financial institutions, the Jersey authorities have done everything within their power to
investigate what happened and to return the money to its rightful owners, the people of Nigeria.

“I would like to offer my sincere thanks and appreciation to the dedicated team within the Law Officers’ Department, and their colleagues in United States and Nigeria. Their excellent level of
cooperation in the fight against corruption, at domestic and international levels, should be an example for other jurisdictions to follow.

“As a leading international finance centre with an effective and robust regulatory regime, Jersey has a responsibility to firmly address any instances of alleged money laundering and corruption. Our commitment to seeing these funds repatriated has led to a positive outcome for the people of Nigeria, has established lasting partnerships and given us a pioneering role in asset-recovery that is based on the principles of national interest, trust and mutual respect.”

The Deputy Assistant Attorney Brian Benczkowski announced the agreement on behalf of the United States and stated that “The Department is pleased to enter into this agreement with The Bailiwick of Jersey and the Federal Republic of Nigeria to return this enormous amount of stolen funds for the benefit of the people harmed by the corruption in Nigeria”.

“Through the recovery of these funds — and this mutual agreement — the people of Nigeria can see the money they lost to corruption in flagrant disregard of the rule of law is returned through a lawful process, and in a manner that ensures transparent and accountable use of the funds. This is a major achievement.  It also stands as a clear statement of our commitment to safeguard the United States from those who seek to launder the proceeds of corruption through the abuse of our financial system,” he added.

Modupe Ogundoro

Deputy Director

VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • Abacha
  • buhari
  • Malami
  • US
Previous articleCourt Reinstates Award-Winning Counter-insurgency Officer, Colonel Suleman
Next articlePantami orders NCC to revise policy on SIM registration, activation
Modupe Ogundoro
Modupe Ogundoro
Xing

RELATED ARTICLESMORE FROM AUTHOR

Corporate Affairs Commission

CAC Unveils AI-Powered Registration Portal to Revolutionize Business Registration in Nigeria

Employment: ICPC Secures Conviction of FAAN Staff

Staff of PRNigeria with federal lawmakers

Federal Lawmakers Endorse PRNigeria Fellowship, Pledge Support for Youth Empowerment

G7 Countries

Iran Must Never Possess Nuclear Weapons – G7 Declare

Nigerian Dignitaries, Business Leaders Attend Aminu Dantata’s Burial in Madinah Saudi Arabia

Dantata laid to rest at Medina Cemetery

Legendary Business Mogul Aminu Dantata Laid to Rest in Madinah Cemetery

Tinubu Seeks Visa Waivers, Scholarships as Nigeria Establishes Diplomatic Ties with Saint Lucia, OECS

Malam Yusuf Abubakar Dingyadi

Dingyadi, PDP Chair’s Vocal Spokesperson, Resigns

Ambassador Yusuf Maitama Tuggar

Ambassador Tuggar’s Doctrine of Calm in a World on Fire By Umar Farouk Bala

A brief travelogue by Fredrick Nwabufo

Mrs. Didi Esther Walson-Jack

18 Workers, Two MDAs Honoured as Federal Civil Service Week Ends

The Chair WCO Bashir Adewale Adeniyi having a conversation with fellow colleagues.

Nigerian Customs Boss Elected Head of World Customs Body

Recent Posts

  • Police Foil Bandit Attacks in Katsina, Rescue Victims as Traditional Leader Abducted
  • Ribadu Proposes Reintegration of Military Veterans to Bolster National Security
  • DICON, Saudi firm sign MoU to produce security drones, satellites in Nigeria
  • Ex-COAS Urges Reforms in Recruitment, Training of Army, Harps on Prioritisation of Troops’ Welfare
  • Prioritise Troops’ Welfare, Mission Over Personal Gain – COAS Charges Army Commanders
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
Police Foil Bandit Attacks in Katsina, Rescue Victims as Traditional Leader AbductedRibadu Proposes Reintegration of Military Veterans to Bolster National SecurityDICON, Saudi firm sign MoU to produce security drones, satellites in NigeriaEx-COAS Urges Reforms in Recruitment, Training of Army, Harps on Prioritisation of Troops’ WelfarePrioritise Troops’ Welfare, Mission Over Personal Gain - COAS Charges Army CommandersNigeria's Growth Numbers Tell Only Half the Story By Umar Farouk BalaThe Burden Too Many Nigerian Youths Bear AloneCAC Unveils AI-Powered Registration Portal to Revolutionize Business Registration in NigeriaEmployment: ICPC Secures Conviction of FAAN StaffCustoms Hands Over N172m Worth of Cannabis to NDLEA in Ogun, Commissions 13 New Patrol VehiclesCombating Deepfake Videos: A Fight for Nigeria's Soul By Mukhtar Ya'u MadobiMilitary Foils Terrorists' Bomb Attack, Discovers 56 IEDs on Marte–Dikwa Bridge in BornoNIPR Lauds Nigerian PR Firms for Outstanding Performances at 2025 SABRE Africa AwardsDHQ: How Troops Nabbed Mastermind of NDLEA Commander’s Kidnap in AnambraFederal Lawmakers Endorse PRNigeria Fellowship, Pledge Support for Youth Empowerment
X whatsapp