France on Friday said it would be returning $150 million General Sani Abacha loot as grant.
Nigeria has continued to recover hundreds of millions of dollars Abacha since his time as Head of States stole and stashed away abroad.
This time, the visiting France Minister for Europe and Foreign Affairs, Catherine Colonna informed President Bola Tinubu about the planned return of the seized fund.
Colonna noted that the stolen fund will be returned to the country in form of grant and discussions would soon be opened with the Nigerian government on the areas to invest the fund.
She said, “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.”
