Abacha loot: FG won’t pay $100m to Bagudu, says Malami

Nigeria is not deviating in any way from the agreement it reached with the United States of America on the $308million recovered from the family of the late Head of State, Gen. Sani Abacha, Federal Attorney-General and Justice Minister Abubakar Malami (SAN) said on Saturday.

He said there was no plan to concede either $100million or €98.5million to Governor Abubakar Atiku Bagudu of Kebbi State, who was implicated in the stashing of funds abroad for the Abachas.

Malami was reacting reports that Nigeria appeared to be on a collision course with the US after agreeing to hand over about $100m of the recovered Abacha loot to Bagudu.

The governor himself dismissed the US position as a  ploy to frustrate Nigeria’s  recovery of the Abacha loot while the opposition Peoples Democratic Party (PDP)  and the Southern and Middle Belt Leaders Forum (SMBLF) called for a probe of the alleged plan to hand over $100 million of the money to the Kebbi State governor.

Malami, in a statement in Abuja by his Special Assistant on Media and Public Relations, Dr. Jubrilu Gwandu, said no third party’s interest was captured in all the agreements between the administration of President Muhammadu Buhari and any foreign nation on the recovery of looted funds.

He also explained that all negotiations and agreements relating to the repatriation of looted funds were tabled before the Federal Executive Council (FEC) and decisions taken accordingly.

He said Bagudu and his family are in courts in the United Kingdom and the United States on a different agreement with the US Government.

He however said the Federal Government is negotiating the recovery of assets from several countries.


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