BREAKING NEWS: US FINALLY AGREES TO RELEASE $480M ABACHA LOOT TO BUHARI

United States has finally agreed to repatriate to Nigeria about $480million believed to have been stolen by the late Head of State, General Sani Abacha and his family members.

Already, the conditions for the repatriation of the cash and other details are being worked out.


Also, Frayokit News has learnt that the Department of Justice in the United States now has a Kleptocracy Unit, which assist to track looted funds and money laundered by public officials from Nigeria and other nations.

According to The Nation, the planned repatriation is the outcome of the meeting between President Buhari’s Attorney-General of the Federation, Abubakar Malami (SAN), Chairman of the Economic and Financial Crimes Commission( EFCC), Mr. Ibrahim Magu the Department of Justice.

A source, who spoke in confidence with one of Frayokit News correspondents, said: “This is the largest loot ever traced to a former Nigerian public officer in the US. The DOJ, the AGF and the EFCC have concluded all the talks; we are in the process of repatriation of the $480million.

“Although there are interventions from private lawyers, DOJ prefers a government-to-government deal. I can tell you that the funds will soon be repatriated. If there is anything left, it has to do with the conditions which the US will attach to the utilisation of the funds.

“The US is likely to advise on specific areas to spend the funds on and the project monitoring mechanisms. It does not want the cash re-looted.”


Another source who spoke directly with Frayokit News on phone from Benue state added that, "From all indication, it has come to our notice that the repatriation of this $480m which US has agreed to release to president Muhammadu Buhari is strictly out of free will, US has not been forced in any way to release this money. But, since they have agreed to repatriate this whooping amount of money to Nigeria, it calls for a great thankfulness to the United State".








To receive more updates from Frayokit News, kindly SUBSCRIBE TO OUR NEWSLETTER or follow us on FACEBOOK and on TWITTER





For inquiries, adverts placement and news tip off, kindly call +2348083720023, +2347031269087 or send us email on: obeyafriday@gmail.com
Add Frayokit News On BBM. Pin: 5C130E7E or add us on WhatsApp. WhatsApp number: 08083720023