Malabu Oil scam: UK returns $85 million to Nigeria

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President Muhammadu Buhari
President Muhammadu Buhari

The Federal Government has said it has recovered $85 million from the United Kingdom as part of the stolen funds from the Malabu Oil deal.

Channels Television reports that the Attorney General of the Federation and Minister of Justice, Abubakar Malami, disclosed this on Thursday during a consultative meeting on assets recovery in Abuja.

Mr Malami, however, decried the non-compliance attitude of some countries that are still holding on to stolen assets.

He reiterated the resolve of the government to recover more funds, having signed several treaties to facilitate the return of stolen assets, according to a PM news report.

Details later…