The planned repatriation is the outcome of the recent meeting between the US Department of Justice and the Attorney-General of the Federation, Abubakar Malami (SAN) and the Acting Chairman of EFCC, Ibrahim Magu.
A source, who spoke to The Nation, said: “This is the largest loot ever traced to a former Nigerian public officer in the U.S. The US is likely to advise on specific areas to spend the funds on and the project monitoring mechanisms. It does not want the cash re-looted.”
The Criminal Division of the Office of International Affairs of the US Department of Justice, in a letter to the FG, identified the accounts where Abacha loot was hidden. The highlights are as follows:
Doraville Properties Corporation – $287m in Account Number 80020796 located at Deutsche Bank International Ltd in the Bailiwick of Jersey; HSBC Fund Administration (Jersey) – $12m in account number S-104460 in the Bailiwick of Jersey; and Rayville International, S. A – $1m in account number 223405880IUSD at Banque SBA in Paris, France.
Others are Standard Alliance Financial Services Ltd – $144m in account 223406510PUSD at Banque SBA in Paris; Mecosta Securities – $21.7m in accounts 10030688 and 100138409 at Standard Bank in the UK; and HSBC Bank Plc – $1.6m in account number 38175076.
Also listed are Blue Holding (1) Pte Ltd/ Ridley Group Ltd – £7m; Blue Holding (2) Pte. Ltd/ Ridley Group Ltd – £22m; Blue Holding (1) Pte. Ltd/ Ridley Group Ltd – £10m; Blue Holding (2) Pte. Ltd/Ridley Group Ltd – £57m….. to mention a few….
