UK returns $85m to FG on Malabu oil deal

The Federal Government says it has recovered $85million from the United Kingdom as part of the stolen funds from the Malabu Oil deal.

The Attorney General of the Federation and Minister of Justice, Mr Abubakar Malami, disclosed this on Thursday during a consultative meeting on assets recovery in Abuja.

Malami, however, decried the non-compliance attitude of some countries that are still holding on to stolen assets. “I am also pleased to announce that Nigeria has recovered the sum of $85m on the Malabu fund from the UK.

Therefore, I wish to use this forum to reiterate the need for the international community to ensure implementation of mergers considered and adopted at the London Anti-Corruption Summit in May 2016,” he said.

The Justice Minister also lamented the attitude of some countries perceived not to be giving Nigeria the needed support.

UCJ, UNILORIN.