OPL 245: FG Expecting $200M From Netherlands, Switzerand
The Minister of Justice and Attorney General of the Ferderation, Abubakar Malami, has said that Nigeria is expecting the return of $200 million from Netherlands and Switzerland from the OPL 245 Malabu Oil deal.
Malami stated this at a capacity building workshop and interactive session with judiciary correspondents on Tuesday, in Abuja.
Speaking at the event on Tuesday, Malami highlighted some achievements of the ministry in the past one year, noting that in line with the anti-corruption fight of the present administration, the sum of $62 billion arrears from oil companies have been recovered as part of the production sharing agreement (PSA).
“Also recovered within the period is the sum of $300 million from the US and New Jersey in the third phase of the Abacha loot, and another $6.3 million Abacha loot from the Republic of Northern Island,” Malami said.
Malami added that the money has been paid into the federal government treasury for utility developments such as Lagos-Ibadan expressway, Kano-Abuja expressway and the Second Niger Bridge in line with agreement reached with the foreign partners.