France Gives Condition To Return $150M Abacha Loot To Nigeria | READ DETAILS

The Nigerian Government is set to receive another batch of late General Sani Abacha’s loot as the France government has said that it has in custody, $150million Abacha loot.

Speaking to newsmen after meeting with Nigeria’s president, Bola Tinubu in Abuja on Friday, France Minister for Europe and Foreign Affairs, Catherine Colonna said they will return the stolen funds to Nigeria in form of grant and discussions would soon be opened with the Nigerian government on the areas to invest the fund.

In her words;

…..”I also informed President Tinubu that in response to the request submitted by the Nigerian Federal Ministry of Justice, and in agreement with the US Administration, France will return to Nigeria the assets stolen from the Nigerian people by General Sani Abacha and his family, that have been frozen in France since 2021.

“We will start discussions with the Nigerian administration in order to allocate these 150 million US dollars to development projects benefiting the population, according to the priorities of the Nigerian government.”

Meanwhile,President Tinubu had earlier on while meeting with the minister, assured that the loot would be used to drive his administration’s development objectives.

“Thank you for the good news on the return of Abacha loot. We appreciate your effective cooperation concerning the return of Nigeria’s money. It will be judiciously applied in attaining our development objectives” Tinubu was quoted in a statement released by his special adviser on media and publicity, Ajuri Ngelale.