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France to Return $150million Abacha Loot

Written by on November 4, 2023

The Presidency says France will return $150 million looted by former Nigerian military leader, General Sani Abacha.

In a statement, the Special Adviser to the President on Media and Publicity, Ajuri Ngelale, says President Bola Tinubu commended the European country for the decision.

Receiving the Minister of Europe and Foreign Affairs of France, Catherine Colonna, the President hailed the strengthening of bilateral relations between Nigeria and France, noting that this progress followed his visit to Paris after his inauguration.

While emphasising the need to reinforce collaboration on both political and economic fronts, the President welcomed the growing cooperation between the two countries in areas of shared interest, such as climate change, economic integration, education, and culture.

Tinubu has also acknowledged the signing of a €100 million agreement between Nigeria and France to support the i-DICE programme, a Federal Government initiative to promote investment in Information and Communications Technology ICT and Creative Arts Industries.

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