The African Center for Governance, Asset Recovery and Sustainable Development.

Asset Sharing Agreements

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Asset Sharing Agreements

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Agreement Between The Federal Republic Of Nigeria And The Government Of The United States Of Nigeria-(Mecosta2023)

On August 23rd, 2022, the United States of America, FRN and UK signed the Agreement on the Repatriation of Twenty-Three Million Dollars ($23,439,724) of additional stolen assets by the late General Sani Abacha and his associates from Nigeria. The assets were seized by the US Department of Justice and Federal Bureau of Investigation (FBI) and was laundered via the United Kingdom. The Asset Sharing Agreement between the FRN and USA was finalized and agreed with the US Department of Justice in April 2022. It provides for specific use of the funds for the PIDF projects managed by the NSIA namely Abuja-Kano Road (AKR), Second Niger Bridge (2NB) and Lagos-Ibadan Expressway (LIE)

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Agreement Among The Government Of The Federal Republic Of Nigeria And The Bailiwick Of Jersey And The Government Of The United States Of America Regarding The Sharing, Transfer, Repatriation, Disposition, And Management Of Certain Forfeited Assets

On 3rd February, 2020, an Agreement was signed on the procedure for the repatriation of the asset forfeited from the family of Abacha and their associates in the Bailiwick of Jersey between the Bailiwick of Jersey, the Government of United States of America and the Federal Government of Nigeria. The amount returned was in the tune of $311.4million. The Agreement provides for specific use of the funds for the PIDF projects managed by the NSIA namely Abuja-Kano Road (AKR), Second Niger Bridge (2NB) and Lagos-Ibadan Expressway (LIE).

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Bayelsa Asset Recovery Agreement

On 3rd February, 2020, an Agreement was signed on the procedure for the repatriation of the asset forfeited from the family of Abacha and their associates in the Bailiwick of Jersey between the Bailiwick of Jersey, the Government of United States of America and the Federal Government of Nigeria. The amount returned was in the tune of $311.4million. The Agreement provides for specific use of the funds for the PIDF projects managed by the NSIA namely Abuja-Kano Road (AKR), Second Niger Bridge (2NB) and Lagos-Ibadan Expressway (LIE).