Ireland has reached an agreement with Nigeria to give them back €5.5M looted by former military dictator General Sani Abacha.
Ireland Minister of Justice and Equality, Helen McEntee, said the memorandum of understanding followed an order recently issued by a court in the European country as regards to the funds.
This money is the most recent Abacha-linked loot to be claimed by Nigeria
In her exact words she said:
“I am very pleased to sign this Memorandum of Understanding between Ireland and Nigeria. This represents the culmination of a long process which began with an internationally led investigation.
“The Criminal Assets Bureau took part in this international operation which led to the freezing of over $1bn in funds worldwide, of which approximately €5.5m was identified in a Dublin-based bank account.
“The return of these assets will be the first time that Ireland has taken such action and will be a concrete demonstration of Ireland’s commitment to international cooperation in the fight against corruption and to assisting countries which have been adversely affected by corruption in the past, and is in line with our international obligations as a signatory to the UN Convention Against Corruption,”