Nigeria To Receive Another $150m Abacha Loot From France

Ismail Abdulaziz
Nov, Fri, 2023

General News

Nigeria to receive another $150m Abacha loot from France

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Nigeria to receive another $150m Abacha loot from France

Loot

By Ismail Abdulaziz

Abuja, Nov. 3, 2023(NAN) President Bola Tinubu has expressed the country’s appreciation to France for the return of 150 million dollars stolen from Nigeria by former Head of State, Gen. Sani Abacha.

This is contained in a statement by Chief Ajuri Ngelale, Special Adviser to the President on Media and Publicity, on Friday in Abuja.

The President also acknowledged the signing of a 100 million Euro agreement between Nigeria and France to support the i-DICE programme.

i-DICE is 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 Technology, and the French Minister of Europe and Foreign Affairs, at an event in Abuja.

Tinubu commended the strengthened 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.

On the situation in Niger Republic, Tinubu, who is the Chairman of the ECOWAS Authority of Heads of State and Government, said Nigeria was monitoring the situation in the neighbouring country, and exploring all diplomatic channels.

“Leadership is about responding to the needs of the people; their cries, and their frustrations. Nigeria shares a border with Niger across the expanse of seven Nigerian states, and most of these states are very populated. Therefore, I need to guide ECOWAS carefully and steadily so that we manage our anger carefully.

”We have a colleague and a democratically-elected leader, President Bazoum, being used as a human shield. If we are not careful, he and his family can be endangered.

”I am deploying all appropriate back-channel strategies to avoid bloodshed in Niger Republic. We recognize the wishes of our people; they do not want war, but that does not mean we can not take bold and decisive action,” the President said.

Tinubu said Nigeria would continue to galvanize international partners in the determined pursuit of a peaceful resolution to the situation in Niger Republic.

The French Minister of Europe and Foreign Affairs conveyed the goodwill of President Emmanuel Macron and expressed the readiness of France to expand mutually beneficial collaboration with Nigeria across multiple sectors.

She proceeded to extend a formal invitation to the President to attend the forthcoming Paris Peace Forum.

Speaking on the Abacha loot, the French Presidential Envoy said the repatriation followed the completion of legal processes.

“It was a long process, but we are glad that it was concluded. Sometimes, justice may be slow, but this is a very good achievement,” she said.

Colonna also commended President Tinubu’s leadership in ECOWAS, saying: “We support your efforts at ECOWAS. We are behind you because we believe that constitutional order is a treasure for all countries, and democracy must be a reality.”(NAN)

Edited by Ismail Abdulaziz

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