Ireland To Return ₦2.5Billion Abacha Loot

The Republic of Ireland has entered into an agreement with the government of Nigeria to return stolen monies from Abacha the amounts to ₦2.5Billion or the equivalent of €5.5 million.

Nigerian leaders have been accused of corruption since the days the country found her independence till date. The monies are believed to have been stolen from 1993 to 1998.

 Helen McEntee , the Minister for Justice and Equality made it known that: “I am very pleased to sign this Memorandum of Understanding between Ireland and Nigeria. This represents the culmination of a long process which began with an internationally led investigation.

“The Criminal Assets Bureau took part in this international operation which led to the freezing of over $1 bn in funds worldwide, of which approximately €5.5 million was identified in a Dublin based bank account.

“The assets misappropriated by the late Gen. Sani Abacha, former Head of State of Nigeria , were frozen in a bank account in Ireland by the Criminal Assets Bureau in October 2014.