Friday, August 21, 2026

Buhari using $311 million Abacha loot to build Second Niger Bridge: Malami

Buhari is using the recovered $311 million stolen by the late Nigerian dictator, Gen. Sani Abacha, to construct the Second Niger Bridge, Abuja-Kano, and Lagos-Ibadan.

• September 23, 2021
Late Sani Abacha and President Muhammadu Buhari
Late Sani Abacha and President Muhammadu Buhari

President Muhammadu Buhari is using the recovered $311 million stolen by the late Nigerian dictator, Gen. Sani Abacha, to construct the Second Niger Bridge, Abuja-Kano, and Lagos-Ibadan expressways, Abubakar Malami, the attorney general of the federation reveals.

“So I think we are doing wonderfully well in terms of deploying the recovery of the looted assets and deploying same in projects that impact positively on the lives of people,” he said.

Mr Buhari’s regime had recovered $322 million from Switzerland in 2017 and $311 million from the U.S. in 2020.

The attorney general also stated that Nigeria was looking at the possibility of recovering a further £200 million from the U.S. aside from other associated assets being pursued in other countries.

“We are pursuing a lot of assets across the globe, and we intend very soon, we are coordinating a further meeting relating to huge recovery in the UK associated with certain personalities,” Mr Malami stated. “But I would not like to give further disclosure in respect of that to put into consideration the need not to be pre-emptive as far as our strategies are concerned.”

The justice minister also pointed out that the issue of terrorism financing was a work in progress.

He claimed that Mr Buhari’s regime had succeeded in blocking terrorism financing in Nigeria.

(NAN)

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

farmers

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

Governor Monday Okpebholo

States

Nigeria still safe despite security challenges: Gov Okpebholo 

The governor thanked the organisation for its intervention in the state health sector.

Yan Diomandé

Sport

Yan Diomandé: Meet Africa’s most expensive footballer in history

After signing a seven-year deal with Real Madrid of Spain worth $144

Bolaji Abdullahi

NationWide

Atiku boycotted Peace Accord due to failures of past agreements to stop election violence, killings: ADC

The party faulted the Peace Accord Committee over Senator Francis Fadahunsi’s threat of violence.

police

States

Police nab three over alleged murder in Anambra

Mr Ikenga said that the incident occurred on August 17.

States

Terrorists invade Niger villages, abduct worshippers during Jumat prayers 

The police spokesman, Wasiu Abiodun was not available for comment.

Kwara State Governor AbdulRahman AbdulRazaq

Education

Kwara distributes 1,755 computers to 70 public secondary schools

The governor stressed that education remained the bedrock of sustainable development.