The United States has signed an agreement with the Federal Government to repatriate $23,439,724 million looted by former Military dictator Sani Abacha to Nigeria.
The agreement was signed on Tuesday at the office of Abubakar Malami, minister of justice and attorney-general of the federation.
The U.S Ambassador to Nigeria, Mary Beth Leonard, signed on the behalf of the U.S government.
The AGF, in his speech shortly before signing the agreement, said the recovered assets, which were made possible with the cooperation of the governments of the United States and the United Kingdom would be used in the infrastructural development of the country.
According to him, efforts were being intensified for the recovery and repatriation of more of the looted assets.
The National Crime Agency (NCA) of the United Kingdom (UK) had in May disclosed that the $23,439,724 form part of the huge monies identified by the United States Department of Justice (USDOJ) as having been misappropriated by Abacha and his associates.
The UK anti-graft agency said that the funds were recovered after nearly seven years of litigation and international negotiation to obtain a recovery order after a request for recovery by USDOJ.
It added that the funds have now been transferred to the home office for onward transmission to the USDOJ.
