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Bagudu Family Not Involved In Recovery Of Looted Funds — Malami

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The Attorney-General of the Federation, Abubakar Malami has said that there’s no third party’s interest captured in all the agreements between the administration of President Muhammadu Buhari and any foreign nation on the recovery of looted funds.

Malami, in a statement in Abuja by his Special Assistant on Media and Public Relations, Dr. Jubrilu Gwandu, explained that all negotiations and agreements relating to the repatriation of looted funds were tabled before the Federal Executive Council (FEC) and decisions taken accordingly.

“It is well known that the USA and the Bagudu family have been in court since 2014 over assets already rescinded under the 2003 Agreement. The matters are to be determined in the United Kingdom and the United States courts.

“The Bagudu family assets in contention, which constitute a distinct and separate cause of action, do not have anything to do with the assets already recovered and being recovered under the Abacha 2014 non-prosecution agreement.

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“It is therefore mischievous and pedestrian for anyone to seek to turn the law and the facts on its head on the matter of repatriation whose terms are clearly spelt out and agreed among the parties.

“The government of Nigeria remains fully committed to continued cooperation with the United States of America and other countries in a reciprocal manner.

“We urge the media and the general public to wait for the outcome of the court decisions and ongoing settlement efforts in this matter.”

“The FGN is also negotiating the recovery of assets from several countries and the agreements for the recoveries and the procedure for recoveries are always presented to Federal Executive Council for approval and duly made public once the processes have been concluded.

“No third-party interest was captured in the Council memo that was approved by the Council.

“Nigeria is also cooperating with the United States in the recovery of several other assets including corruption proceeds linked to former Petroleum Minister Deziani Alison-Madueke and her associates, and former State Governor James Ibori as well as several others.

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