By Akinwale Kasali
The Federal Government is set to receive another tranche of $150 million of Sani Abacha’s loot from France.
Nigeria will receive the loot from the French Government as plans have been concluded between both Nations to return the $150 million taken away from Nigeria by the regime of former Military Head of State, late Gen. Abacha, during five years of his tenure.
The plan to return the funds came 25 years after the demise of the former Head of State, General. Sani Abacha, who took public funds abroad to deposit them in commercial banks across European countries.
Meanwhile, the President acknowledged the signing of a €100 million agreement between Nigeria and France, a fund expected to support the i-DICE programme, a Federal Government initiative which was designed to promote investment in Information and Communications Technology (ICT) and Creative Arts Industries.
President Tinubu made this disclosure on Friday after meeting the Minister of Europe and Foreign Affairs of France, Catherine Colonna, who paid him a courtesy visit at the Villa, assured the France Government that the funds would be utilised judiciously by his administration.
Subscribe to get the latest posts sent to your email.
Share your story or advertise with us: WhatsApp: +2348174884527, Email: [email protected]
