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Nigeria will repay $308m Abacha loot if it is stolen again- US

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Abacha

The United States Department of State has said that Nigeria will be made to repay the $308m Abacha loot if it is re-stolen.

The Spokesperson for the Department, Morgan Ortagus, in a statement, said that the money will soon be repatriated to Nigeria, adding that it must be placed in an account and if the money is stolen from that account, Nigeria would be made to replace it.

Ortagus revealed that this was one of the agreements that were made between the US, Nigeria and the Island of Jersey where the funds are being kept.

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The statement read in part,

“The funds will be used by the Nigerian Independent Sovereign Authority for three infrastructure projects in strategic economic zones across Nigeria.

“To ensure that the funds are used responsibly and for the good of the nation, the agreement includes mechanisms for monitoring the implementation of these projects as well as external oversight, and it requires Nigeria to repay any funds lost as a result of any new corruption or fraud to the account established to hold the returned assets.

“This return reflects the growing international consensus that countries must work together to ensure stolen assets are returned in a transparent and accountable manner.”

The US said the arrangement was consistent with the commitments both the US and Nigeria made under the principles agreed to at the 2017 Global Forum on Asset Recovery co-hosted by the US and the United Kingdom.

“This agreement is a symbol of the weight that the United States government places on the fight against corruption. We welcome President Buhari’s personal commitment to that fight, and we will continue to support civil society and other Nigerian efforts to combat corruption at all levels. The fight against corruption is an investment in the future of Nigeria,” the statement read.

Gen. Sani Abacha, who ruled Nigeria with an iron fist between 1993 and 1998, is believed to have diverted over $4bn from the nation’s treasury.

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Over $1bn has been recovered from the Abacha loot so far.

However, there have been rumours that the funds have not been properly managed by successive governments.

Politics

Foreign Affairs Minister recovers from COVID-19

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Onyeama

Foreign Affairs Minister Geoffrey Onyeama has recovered from coronavirus after three-week of isolation.

He tested positive on July 19 and proceeded to an isolation centre for treatment.

In a tweet on Wednesday morning, Onyeama announced:

“By the very special grace of God my latest #COVID19 test result came back negative after three weeks isolation.

“I am eternally grateful to my family, the C-in-C and VP, the medical team, relations, friends, colleagues, religious leaders and numerous well-wishers, who through their care, prayers, fasting, messages of support and encouragement never let me walk alone.”

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Obama, Clinton hail Biden’s choice of Harris as running mate

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Senator Kamala Harris

Former President Barrack Obama has joined major Democratic Party leaders to hail presidential candidate Joe Biden for choosing Senator Kamala Harris as his running mate.

Obama said Biden “nailed this decision” with the choice of Harris, describing her as a perfect fit for the ticket.

The former President, in a statement, said:

“Choosing a vice president is the first important decision a president makes. When you’re in the Oval Office, weighing the toughest issues and the choice you make will affect the lives and livelihoods of the entire country — you need someone with you who’s got the judgment and the character to make the right call.

“Joe Biden nailed this decision. By choosing Senator Kamala Harris as America’s next vice president, he’s underscored his own judgment and character. Reality shows us that these attributes are not optional in a president.

“They’re requirements of the job. And now Joe has an ideal partner to help him tackle the very real challenges America faces right now and in the years ahead.

I’ve known Senator Harris for a long time. She is more than prepared for the job. She’s spent her career defending our Constitution and fighting for folks who need a fair shake.

“Her own life story is one that I and so many others can see ourselves in: a story that says that no matter where you come from, what you look like, how you worship, or who you love, there’s a place for you here. It’s a fundamentally American perspective, one that’s led us out of the hardest times before. And it’s a perspective we can all rally behind right now.

“Michelle and I couldn’t be more thrilled for Kamala, Doug, Cole, and Ella. This is a good day for our country. Now let’s go win this thing.”

On her part, Hilary Clinton, the Democrat candidate in the 2016 election, tweeted:

“I’m thrilled to welcome @KamalaHarris to a historic Democratic ticket.

“She’s already proven herself to be an incredible public servant and leader. And I know she’ll be a strong partner to @JoeBiden. Please join me in having her back and getting her elected.”

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Edo monarch endorses Ize-Iyamu (Photos)

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Osagie Ize-Iyamu,

The gubernatorial candidate of the All Progressives’ Congress in the Edo state’s forthcoming election, Osagie Ize-Iyamu, paid a courtesy visit to the Edo monarch today.

He was in the entourage of Adams Oshiomhole, the former governor of the state and immediate past chairman of APC.

Here are some photos from the event:

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Osagie Ize-Iyamu,

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