NIGERIA
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).
This Agreement governs the transfer, repatriation, disposition, and management of forfeited sum of $954,807.40 involving Diepreye Solomon Peter Alamieyeseigha (hereinafter "Alamieyeseigha"), former Governor of Bayelsa State, Nigeria, the returned assets would be used for the reconstruction, rehabilitation, renovation, refurbishment, and equipping of primary health care centers across Bayelsa State for the benefit of the people of Bayelsa State.
The sum of GBP210, 610 was returned to Nigeria as compensation arising from the improper conduct engaged in by AFWEL (known at the time as Foster Wheeler Energy Limited) in Nigeria for which it accepted responsibility. A Deferred Prosecution Agreement (DPA) linked to the use of corrupt agents in the oil and gas industry was signed by the Serious Fraud Office and Amec Foster Wheeler Energy Limited (AFWEL) on July 1, 2021. The agreement was signed on 20th February 2022 and 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).
The Asset Sharing Agreement for the return of the assets made specific arrangements relating to assets stolen by the former Governor of Delta State James lbori and his associates in the sum of Four Million, Two Hundred and Fourteen Thousand, Seventeen Pounds and Sixty-Six Pence (4,214,017.66), which was recovered by the United Kingdom Government in proceedings resulting in confiscation orders made since 2010. The agreement was signed on 9th March, 2021 with the United Kingdom and 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).
By a Forfeiture Order dated 11th December 2014, approximately Three Hundred Twenty-One Million United States Dollars (USD 321,000,000) of funds illicitly acquired by the late General Sani Abacha family which was initially deposited in Luxembourg was confiscated by the Judiciary Office of the Public Prosecutor of the Republic and Canton of Geneva. Following the request for repatriation by the Federal Republic of Nigeria and negotiations between the governments, an agreement was reached and a Memorandum of Understanding was signed on 4th December, 2017.the Funds were used to support a program of Targeted Cash Transfers under the National Social Safety Net Project.
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).
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