Nigerian Government Signs Memoradum For The Return Of €5.5 Million Abacha Loot From Ireland

August 14, 2020
49 Views

The Federal Government has signed a Memorandum of Understanding with Ireland for the return of funds looted by Nigeria’s former leader, the late General Sani Abacha, who ruled the country from 1993 until his death in 1998.

The Minister for Justice Helen McEntee said the return of the funds would be “a concrete demonstration” of Ireland’s commitment to international cooperation in the fight against corruption.

“I am very pleased to sign this Memorandum of Understanding between Ireland and Nigeria. This represents the culmination of a long process which began with an internationally led investigation.

“The Criminal Assets Bureau took part in this international operation which led to the freezing of over $1 billion in funds worldwide, of which approximately €5.5 million was identified in a Dublin based bank account.

“The return of these assets will be the first time that Ireland has taken such action and will be a concrete demonstration of Ireland’s commitment to international cooperation in the fight against corruption and to assisting countries which have been adversely affected by corruption in the past, and is in line with our international obligations as a signatory to the UN Convention Against Corruption.

“It demonstrates the intent of both States to uphold our shared values and our international obligations to eliminate corruption,” McEntee said in a statement.

The MoU, a first for Ireland, is in line with its international obligations as a signatory to the UN Convention Against Corruption.

KanyiDaily recalled a month ago, the Federal Government released the $311 million Abacha loot to the Nigeria Sovereign Investment Authority (NSIA) to fund its activities.

You may be interested

Journalist Godfrey Chikwere Hospitalised After Governor Umahi Ordered Police To Arrest Him
News
6 views
News
6 views

Journalist Godfrey Chikwere Hospitalised After Governor Umahi Ordered Police To Arrest Him

Webby - October 11, 2021

A journalist, Godfrey Chikwere has been hospitalized after he was arrested by the police on the orders of Ebonyi State…

I Rejected Money, Sacrificed My Senate Seat To Stop Obasanjo’s Third Term Bid – Nnamani
News
1 views
News
1 views

I Rejected Money, Sacrificed My Senate Seat To Stop Obasanjo’s Third Term Bid – Nnamani

Webby - October 11, 2021

A former Senate President, Ken Nnamani has revealed the sacrifices he made to stop the third term bid orchestrated by…

Ebonyi Governor, David Umahi Orders Arrest Of Journalist Over Facebook Posts
News
News

Ebonyi Governor, David Umahi Orders Arrest Of Journalist Over Facebook Posts

Webby - October 11, 2021

Ebonyi State Governor, David Umahi has ordered the arrest of a journalist, Godfrey Chikwere over Facebook posts he shared about…

Leave a Comment

Your email address will not be published.