Malami Explains Reasons He Called Repartriated Abacha Loot ‘Assets’

Nigeria’s Attorney-General and Minister of Justice, Abubakar Malami (SAN) has faulted those criticising him for describing the recently repatriated Abacha loots as “Abacha assets”.

Malami in a statement issued by Dr. Umar Gwandu, his Special Assistant on Media said his choice of words was deliberate.

He said; “It is to be noted that by way of antecedence, I have been consistently describing the recovered funds as “Abacha loot” at several fora during the process of recovery particularly before the eventual repatriation of the funds.

“The point needs to be made that when the seal of legitimacy was appended to the funds by way of repatriation it became an asset in favour of the Federal Government as a beneficial owner of the same.

“Beyond the issues of verbal dexterity and vocal acrobatics, Nigerians should focus more on the effective utilisation of the recovered funds in accordance with the content of the signed tripartite agreement in the interest of Nigerians.”

He said that the use of the word `assets’ in relation to the post-recovery of looted funds is to qualify the same as federal government assets.

“It is palpable that news about the successful return of the looted assets has brought nightmares to nay-sayers and pessimists who wanted to frustrate the repatriation process through a campaign of calumny.

“They resorted to rhetoric instead of burying their heads in shame.”

Shawn Solomon Elliot

Ukpiebo Solomon Elliot is a talented and well motivated Professional Associate Writer, Proofreader and Political scientist. He is a graduate of Political Science and Public Administration, University of Benin and also holds a Diploma in Desktop Publishing and Computer Science.

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