ASSET RECOVERY: ABACHA II AND III AGREEMENTS

In December 2017, a Memorandum of understanding (MoU) legally binding tripartite agreement was signed in Washington, D.C, between the Government of the Federal Republic of Nigeria, Federal Council of Swiss Confederation (Swiss Government) and the World Bank to repatriate $322.5M Abacha Loot to her country of origin (Nigeria).

Below is the link to Abacha II Agreement

https://www.aneej.org/wp-content/uploads/2020/05/Abacha_Repatriation-Asset_Agreement_among_Nigeria_World_Bank_signed_in_2017_.pdf

Again, in February 2020, the Federal Government, the United States of America and the Island of Jersey-a British enclave, signed a tripartite agreement to repatriate another tranche of over $311 million funds allegedly looted by late former Head of State, Sani Abacha, back to Nigeria.

Below is the link to Abacha III agreement:

https://www.aneej.org/wp-content/uploads/2020/05/SIGNED-2020-02-03-Nigeria-Jersey-US-Asset-Sharing-.pdf

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