U.S Ambassador to Nigeria, Mary Beth Leonard and Minister of Justice Abubakar Malami signing the agreement. IFEOMA NWOVU

Abacha Returns (Again) Why the US is Returning $23 Million to Nigeria

In recent years, the recovery of Abacha-related funds has been a recurrent fixture in successive administrations. With Nigeria’s present economic challenges, many Nigerians believe the recovered funds may help improve affairs.

On Tuesday, the Nigerian government signed an arrangement with the United States to repatriate $23 million of funds allegedly looted by former military head of state, General Sani Abacha, to Nigeria.  

Abacha ruled Nigeria from 1993 until his death in 1998. His regime is largely remembered for human rights violations and pilfering of funds, estimated at around $5 billion, according to Transparency International. The military dictator kept much of these funds in foreign accounts mostly based in...

 

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