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UK Govt recovers $23.4 million from Abacha loot

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ABACHA: The United Kingdom, National Crime Agency says it has regained $23,439,724.98 loot believed to have been siphoned from Nigeria in 1990s by the former Nigeria head of state, Abacha.

According to a communique published by the NCA on Thursday (May 5), the funds shaped part of a bigger pool of cash observed by the USDOJ-United States Department of Justice as having been looted by Abacha and his associates.

The agency disclosed that the monies have now been transported to the Home-Office for onward transmission to the USDOJ.

It also maintained nearly seven years of protracted prosecution and international negotiation to receive the recovery order, to implement the UK forfeiture order pertaining to the recovered monies.

Billy Beattie, the Asset Denial Senior Manager at the NCA assured of the agency’s fight against money laundering actions within the Britain.

“The Crime Agency is devoted to ensuring that the Britain is not a comfortable haven for felons to soak their earnings of fraud, and the civil recovery of possession is an important weapon in this battle,” Beatie expressed.

We operate closely with the United Kingdom and international allies to attack the threat suggested by corruption, which disproportionately affects the neediest and most vulnerable people of society.

“We are devoted to ensuring that those who commit conspiracy do not profit from their efforts.”

The National Crime Agency prosecution is ongoing with additional funds having been observed by the USDOJ as having also been misappropriated by past and former Nigeria Head of State and his allies.