Home NEWS Breaking: Ireland returns €5.5m Abacha loot to Nigeria

Breaking: Ireland returns €5.5m Abacha loot to Nigeria

by Terrydicos

The Republic of Ireland has agreed to return about N2,514,651,800 (€5.5 million) stolen by the Nigerian former head of state, General Sani Abacha to Nigeria.

The Ireland Criminal Assets Bureau was said to have frozen the money in 2014 where it was kept in an Ireland bank account.

The agreement was made during the signing of memorandum of understanding  by Ireland minister of justice and equality, Helen McEntee, followed an order recently issued by a court in Ireland regarding the funds.

“I am very pleased to sign this Memorandum of Understanding between Ireland and Nigeria. This represents the culmination of a long process which began with an internationally led investigation,” McEntee said in a statement on Thursday.

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