Nigeria’s Minister of Justice and the Attorney General of the Federation, Justice Abubakar Malami, has disclosed that the Federal Government will soon recover another $750 million part of “Abacha loot” money allegedly stolen by former Military dictator, Sani Abacha and £6.9 million of the “Ibori loot” by former Delta state governor, James Ibori who is serving jail term in the UK over corruption charges.
Justice Malami revealed this during a meeting with House of Reps Committee on Justice at the National Assembly in Abuja.
In his words,
In respect of the recovery of looted assets, the ministry will engage in an agreed waive policy of using Mutual Legal Assistance Agreements or other bilateral and multilateral instruments.
We will seek cooperation with other jurisdictions to ensure the repatriation of illicitly-acquired assets in foreign jurisdictions.
The collaboration will equally involve the engagement of foreign-based counsel to attend to matters on behalf of the Federal Government.
Low-hanging fruits being targeted in this initiative include 750 million dollars ‘Abacha loot’ as well as 6.9 million pounds of `Ibori loot.’
On the long run, the ministry will be in a position to coordinate the recovery of billions of Dollars in foreign jurisdictions, based on current estimations.
The Minister also addressed the issue of terrorism in the country;
My ministry is currently processing approximately 800 terrorism cases for prosecution . The resources required for the successful prosecution of these cases as well as the general coordination of the Criminal Justice Sector as envisaged under the ACIA, were fully captured in the original proposal made by the ministry to the Ministry of Finance.
The successful prosecution of the above priorities will require the necessary balance of personnel capacity including staff training, travels and tours, resource capacity in terms of adequate budgetary allocations and legislative support by the National Assembly through the passage of all requisite Bills, as may be presented by the executive arm.
He also added,
The anti-corruption campaign will involve the deployment of resources by the ministry to assess and prosecute the requisite cases in collaboration with the anti-corruption agencies, pursuit to the overriding powers of the Attorney-General of the Federation and Minister of Justice in Sections 150 and 174 of the 1999 Constitution as amended.
The resources required for the successful prosecution of these cases as well as the general coordination of the Criminal Justice Sector Act, were fully captured in the 2016 budget.
Last week’s events had Nigeria and the United Arab Emirates (UAE) in Abu Dhabi sign agreements to recover and repatriate wealth stolen by corrupt officials from the country.