Ireland has signed an agreement with Nigeria for the return of funds misappropriated by Nigeria’s former leader, the late General Sani Abacha, who ruled the country from 1993 until his death in 1998.
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The Criminal Assets Bureau (CAB) took part in an international operation linked to the case which led to the freezing of over $1 billion of assets worldwide, of which approximately €5.5 million was identified in a Dublin-based bank account.
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The funds were frozen in a bank account in Ireland by CAB in October 2014. After an application by the Nigerian authorities last year, the High Court earlier this year made an order providing for the return of these assets to Nigeria, subject to a Memorandum of Understanding (MoU) between the two governments.
Minister for Justice Helen McEntee said the return of the assets would be “a concrete demonstration” of Ireland’s commitment to international cooperation in the fight against corruption.
The MoU, a first for Ireland, is in line with its international obligations as a signatory to the UN Convention Against Corruption.
That is so kind of the irelanders
Thanks for the update
This Abacha na mad man oo
Med oooooo
Good news
Legend
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Okay
Okay
Let the money be spend wisely
Okay
Oh wow
Nawa oooo
Ok
Okay
Thank you for your information
Oh okay
Thanks
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Intresting
Oh wow
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Woah
Thanks for the update
Hmm
Abacha chai
Thanks
Wow
Really
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Happy
Okay