The visit of President Muhammadu Buhari to US President Donald Trump has yielded the finalisation of negotiations to repatriate more than 500 million dollars (about 190 billion Naira) of Nigeria’s looted money traced to the US.

Nigeria’s Attorney-General and Minister of Justice, Abubakar Malami, said he and the Attorney-General of the US would be meeting on Tuesday to finalise the agreement.

Technicalities involved
Malami explained that the technicalities involved were being taken care of by both officials of the Nigerian Governments and also from the US side.

“On the part of assets recovery,  we have made considerable progress through this visit.
“There’s goodwill by the two presidents to have a road map for the repatriation of illicit funds and assets traced to the US as proceeds of illicit transactions.
“This illicit funds and assets are to the tune of 500 million dollars and above for immediate repatriation.
“We are looking at the shortest practicable time for it to be repatriated. There is political commitment demonstrated by the two presidents. The over 500 million dollars is not all the recovery, it is only for the immediate repatriation while we continue with our efforts to recover more,” the Attorney General explained.