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FG denies report of plans to pay $100m to Kebbi State

The Presidency has denied claims that the federal government is planning to pay one hundred million US dollars out of the three hundred million dollars Abacha loot to Kebbi State Governor, Abubakar Atiku Bagudu.

Officials within the presidency revealed that the administration is currently talking to the US government on the return of three pots of tranches of Abacha loot.

They also disclosed that there is the sum of one hundred million US Dollars yet to be resolved which the Obasanjo administration ceded to Abubakar Bagudu.

It is an agreement that is being litigated because the US government itself does not recognize the Obasanjo-Bagudu settlement.

There is also a third tranche of sixtymillion US Dollars which is also a subject of private litigation by the Abacha family.

The presidency assured that the money being paid to the Nigerian Sovereign Investment Authority is going into the funding of ongoing work on Lagos-Ibadan expressway, the Second Niger Bridge and the Abuja-Kano expressway.



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