Nigeria and the United States government have reached an agreement on the return of over 23 million dollars of Abacha loot.

Nigeria and the United States government have reached an agreement on the return of over 23 million dollars of Abacha loot.

The agreement signing ceremony was held yesterday at the office of the Attorney General of the Federation and Minister of Justice Abubakar Malami, who signed on behalf of the Nigerian government, while the U.S Ambassador to Nigeria, Mary Leonard signed on the behalf of the U.S government.

Malami said the fund when returned will be invested in three ongoing projects by the Federal Government, including the ongoing Abuja-Kaduna Road and the 2nd Niger Bridge.

Nigeria has in the past recovered several other tranches of the Abacha loot, which were proceeds believed to have been diverted from public coffers by the military administration of General Sani Abacha in the 1990s.