Business News

Nigeria receives $150 million Abacha loot from France 

President Bola Tinubu has extended Nigeria’s appreciation to France for returning $150 million that was embezzled by former Head of State, Gen. Sani Abacha.  

This was contained in a statement shared by Ajuri Ngelale, the President’s Special Adviser on Media and Publicity, in Abuja on Friday. 

Speaking on the Abacha loot, the French Minister of Europe and Foreign Affairs said the repatriation was long overdue; however, she said that the French president, Emmanuel Macron, is delighted that justice is carried out in the long haul.  

Additionally, the President acknowledged the approval of a €100 million agreement between Nigeria and France aimed at bolstering the i-DICE program. 

i-DICE is a Federal Government initiative to promote investment in Information and Communications Technology (ICT) and Creative Arts Industries. 

Bosun Tijani, the Minister of Communications, Innovation, and Digital Technology, along with the French Minister of Europe and Foreign Affairs, signed the agreement during an event in Abuja. 

Tinubu lauded the deepening bilateral cooperation between Nigeria and France, emphasizing that it had progressed since his official visit to Paris immediately after his inauguration. 

With regard to the situation in Niger Republic, President Tinubu, the Chairman of the ECOWAS Authority of Heads of State and Government, affirmed that Nigeria is actively overseeing the developments in the neighboring country and is making use of all possible diplomatic channels. 

On her part, Colonna also commended President Tinubu’s leadership in ECOWAS, saying: