The French authorities have agreed to return $150 million General Sani Abacha loot.
Abacha was Nigeria military leader between 1993 to 1998.
Since his death, the country has recovered millions of dollars stacked abroad.
The visiting France Minister for Europe and Foreign Affairs, Ms. Catherine Colonna, who disclosed this to Diplomatic Correspondents in Abuja, said she has informed President Bola Tinubu about the planned return of the seized fund.
According to her, the stolen fund will be returned to the country in form of grant.
She noted that discussion will soon be opened with the Nigerian government on the areas to invest the fund.
According to her: ” I also informed President Tinubu that in response to the request submitted by the Nigerian Federal Ministry of Justice, and in agreement with the US administration, France will return to Nigeria the assets stolen from the Nigerian
people by General Sani Abacha and his family, that have been frozen in France since 2021.
“We will start discussions with the Nigerian administration in order
to allocate these 150 million US dollars to development projects benefiting the
population, according to the priorities of the Nigerian government.”
She said France has invested over €10 billion in Nigeria in the last ten years with over 100 French companies doing business in the country, creating over 10,000 jobs.
Reacting, president Bola Tinubu expressed appreciation to France for the return of $150m stolen by former Head of State, General Sani Abacha.
Tinubu’s appreciation to the French government was contained in a statement by his Special Adviser on Media and Publicity, Ajuri Ngelale.
In addition to the recovery of another tranche of Abacha loot, the President acknowledged the signing of a €100 million agreement between Nigeria and France to support the i-DICE programme — a federal government initiative to promote investment in Information and Communications Technology (ICT) and Creative Arts Industries.
The agreement was signed by Dr. ‘Bosun Tijani, the Minister of Communications, Innovation and Digital Economy, and the French Minister of Europe and Foreign Affairs, at an earlier event at Tafawa Balewa House, the headquarters of the Federal Ministry of Foreign Affairs.
President Tinubu commended the strengthening of bilateral relations between Nigeria and France, noting that this progress followed his visit to Paris after his inauguration.
“Thank you for the good news on the return of Abacha loot. We appreciate your effective cooperation concerning the return of Nigeria’s money. It will be judiciously applied in attaining our development objectives,” the President told Catherine Colonna, the Minister of Europe and Foreign Affairs of France, who delivered the news.
The President, while emphasizing the need to reinforce collaboration on both political and economic fronts, welcomed the growing cooperation between the two countries in areas of shared interest, such as climate change, economic integration, education, and culture.
