Fresh $319m Abacha loot in UK and France, says US

By our reporter| The US embassy in Nigeria on Thursday said another $319m (N121bn) looted by Sani Abacha, former military dictator, is in the United Kingdom and France.

In a statement on Wednesday, the US embassy said that there is a separate $167 million in stolen assets in France and another $152 million in the UK which is still subject to litigation.

The statement read, “The funds returned last week are distinct and separate from an additional $167m in stolen assets also forfeited in the United Kingdom and France, as well as $152m still in active litigation in the United Kingdom.”

This development comes days after Nigeria repatriated $311 million Abacha Loot from the US and the Bailiwick of Jersey.

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The military regime of the late dictator is estimated to have stolen $5 billion from Nigeria during its five-year rule.

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