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BREAKING: Republic of Ireland accepts to return N2.5bn Abacha loot to Nigeria

BREAKING: Republic of Ireland accepts to return N2.5bn Abacha loot to Nigeria

The Republic of Ireland on Thursday agreed to return about N2,514,651,800 (€5.5 million) starched in the country by former Nigeria dictator, General Sani Abacha to Nigeria.

The country’s Criminal Assets Bureau had frozen the money in an Irish bank since 2014.

Ireland Minister of Justice and Equality, Helen McEntee, signed a Momorandum of Understanding to return the money after an order by a court in Ireland.

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“The Criminal Assets Bureau took part in this international operation which led to the freezing of over $1 billion in funds worldwide, of which approximately €5.5 million was identified in a Dublin based bank account.

“The return of these assets will be the first time that Ireland has taken such action and will be a concrete demonstration of Ireland’s commitment to international cooperation in the fight against corruption and to assisting countries which have been adversely affected by corruption in the past, and is in line with our international obligations as a signatory to the UN Convention Against Corruption,” McEntee said.

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