The Chairman of Presidential Advisory Committee Against
Corruption (PACAC), Prof. Itse Sagay, on Thursday raised an alarm that Nigeria
is on the verge of losing another $550m stolen fund recovered from the family
of late maximum ruler, Gen. Sani Abacha, to the United States.
Sagay spoke at a press briefing on asset recovery and asset
return held in Abuja.
He said what the government wants is an unconditional return
of the country’s stolen wealth.
The media parley was jointly organised by PACAC and the
Office of the Senior Special Assistant to the President on Foreign Affairs and
the Diaspora.
“Nigeria presently stands to lose another $550 million
recovered from the Abacha’s family to the U.S contrary to the earlier promise
by the U.S to return same to Nigeria,” he said.
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