The Attorney General of the Federation and Minister of Justice, Abubakar Malami (SAN), said on Saturday that the repatriated money looted by the late Head of State, Gen. Sani Abacha, would be used for the development of critical infrastructure.
Malami said in a statement by his Special Assistant on Media and Public Relations, Dr Umar Gwandu, there was no form of agreement to hand over $100m out of the latest tranche of the recovered $300m Abacha loot to Kebbi State Governor Atiku Bagudu or any third party interest.
He said Bagudu was pursuing separate cases in court in the United States and the United Kingdom to assert his right in connection with the Abacha loot.
He also said Nigeria was also cooperating with the US in the recovery of other assets “including corruption proceeds linked to ex-Petroleum Resources Minister Diezani Alison-Madueke and her associates, and former Delta State Governor James Ibori as well as several others.
”The United States Department of Justice had alleged that the President, Major General Muhammadu Buhari, was planning to hand over about $100m out of the Abacha loot to Bagudu.
The Department of Justice made the claim in court documents filed before the District Court for the District of Columbia in Washington, according to Bloomberg’s reports.
Bagudu, who is a close ally of Buhari, was indicted by the US Government for helping Abacha to transfer billions of dollars in the mid-90s.
According to documents from the Department of Justice, Bagudu spent six months in detention in Texas while awaiting extradition to the Island of Jersey.
However, before he was handed over for criminal trial in Jersey, he was said to have quickly agreed to return $163m to Nigeria and was released on bond to Nigeria where he was meant to be prosecuted for money laundering.