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MEMORANDUM OF UNDERSTANDING BETWEEN THE GOVERNMENT OF THE FEDERAL REPUBLIC OF NIGERIA AND THE GOVERNMENT OF IRELAND REGARDING THE RETURN DISPOSITION AND MANAGEMENT OF CERTAIN FORFEITED ASSETS 2020
The FRN signed the Memorandum of Understanding (MOU) with the Government of Ireland regarding the return, disposition, and management of certain forfeited assets on the 11th August 2020. The repatriated amount was €5,494,743.71 Euros ($6.3 million). It provides for specific use of the funds for the Presidential Infrastructure Development Fund (PIDF) projects managed by the Nigeria Sovereign Investment Authority (NSIA) namely Abuja-Kano Road (AKR), Second Niger Bridge (2NB) and Lagos-Ibadan Expressway (LIE).