• About Us
  • Contact
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Editorial Charter
  • Corrections Policy
  • Sitemap
Freelanews
Advertisement
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
Freelanews
No Result
View All Result
Home News General

‘It’s loot’ Nigerians slam FG for calling repatriated money Abacha assets

Freelanews by Freelanews
May 8, 2020
in General
0 0
0
SaniAbacha

The usage of “assets” instead of “loots” to describe funds recently recovered from the former Head of State, General Sani Abacha and returned by the United States, has courted the indignation of many Nigerians.

The Attorney General of the Federation (AGF) and Minister of Justice, Abubakar Malami (SAN), had taken to his Twitter account, @MalamiSan, on Monday to confirm the receipt of the fund.

“I am happy to confirm that the Federal Republic of Nigeria on Monday 4th May, 2020 received $311,797,866.11 of the Abacha assets repatriated from the United States and the Bailiwick of Jersey,” Malami had tweeted.

I am happy to confirm that the Federal Republic of Nigeria on Monday 4th May, 2020 received $311,797,866.11 of the Abacha assets repatriated from the United States and the Bailiwick of Jersey.

— Abubakar Malami, SAN (@MalamiSan) May 4, 2020

https://platform.twitter.com/widgets.js

Reacting to this, Lagos businessman and politician, Babatunde Olatere Gbadamosi (@BOGbadamosi) replied, “Abacha ‘assets’ or Abacha loot? Call it what it is, or tell us how that money became his ‘assets’.”

perfect aesthetic dental clinic perfect aesthetic dental clinic perfect aesthetic dental clinic

“If truly you are happy and you have also confirmed the money is Abacha’s asset. Then the money should be returned to his family or you tell Nigerians the truth that our money stolen by Abacha has been returned to us,” another user, Proudly Esan (@Angela201045315), wrote under the AGF’s tweet.

Bid Ibeobi replied, “Calling it Abacha loot is tantamount to committing political suicide. Till this date his paymaster is still living in denial.”

Aye Mojubar (@ayemojubar) said, “This statement has been written the sand of time and engraved on the granite of eternity, and each time people mention Abacha now or in the future, you will always be remembered for tagging a stolen money ‘Abacha assets’”.

Suleiman Abubakar asked, “How can anyone with a modicum of common sense and decency call our stolen funds Abacha assets? What was Abacha’s legitimate salaries as a military General? Those salaries are his assets, anything above those earnings is theft and stealing from the National treasury and is a loot.”

OjaSankara tweeted: “Lol no be only Abacha assets, Abacha’s loot dey fear you to talk? Talk am I dey here nobody go do you anything.. Call it what it is, LOOT! Buhari’s Boss and Friend was a LOOTER!”

The tweet by the AGF, which as of 6:30pm May 5 has garnered 1,300 Retweets and 4,100 Likes, continued to generate controversies.

Focus on fund utilisation, not rhetoric – Malami

However, reacting to the furore the tweet is generating, the AGF in a statement on Wednesday advised Nigerians to “look beyond verbal dexterity and vocal acrobatics, and focus more on effective utilisation of the recovered looted funds in accordance with the content of the signed tripartite agreement in the interest of the Nigerian public.

In the statement by his media aide, Dr Umar Gwandu, Malami said during the course of negotiations for the repatriation of the funds, he had always referred to the funds as Abacha loot, adding that calling it assets is not unusual.

“It may interest the general public to note that there is a unit called Assets Recovery and Management Unit (ARMU) at the Office of the Attorney-General of the Federation and Minister of Justice,” the statement read.

“The use of the word ‘assets’ in relation to the post-recovery of looted assets 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. Hence, resorting to rhetoric instead of burying the heads in shame.

“The return of the looted funds demonstrates not only commendable efforts of the present government but also a pointer to the level of confidence, trust and respect the international community accorded the Buhari-led Federal Government.”

Choice of word an abuse of language – Lawyer

A human rights activist, Barrister Inibehe Effiong, told Daily Trust, that the explanation of the choice of word by the AGF is not satisfactory.

“It is astonishing that Mr. Malami referred to Nigerian money stolen from the country as “assets”.

“The word asset presupposes that the late dictator invested the funds and the Buhari administration is now getting a return on the investment,” he said.

The Lagos-based lawyer said he disagreed with the choice of word by the AGF, adding that “It is an abuse of language to refer to Abacha loot as assets.

“Mr. Malami’s choice of words may be an indication of his affectionate disposition towards the late dictator.”

“Language is important in interpreting historical events. We should not resort to insensitive euphemism when describing the atrocities of past leaders,” he added.

freelanews
Freelanews

Freelanews is the editorial byline of Freelanews.com, used for staff reports, news updates, press releases, and collaborative stories produced by the Freelanews Editorial Team.

Related Posts

Backup of quotes 2
General

‘Revealed!’ Nigeria’s AG allegedly seduces 16yr old girl with money for marriage

by Freelanews
October 6, 2021
ss 2
General

News 10th National Assembly: I’ll be Speaker come June 13 – Abbas

by Quadri Olaitan
June 2, 2023
Corp members NYSC
General

NYSC sanctions 28, discharges 4250 in Ogun

by Freelanews
May 29, 2020
po jpg
General

Abuja policemen questioned me for driving expensive car, says engineer

by Quadri Olaitan
June 2, 2023
breaking news
General

‘Declared!’ INEC announces final results of Anambra election, APGA wins 17 LGAs

by Freelanews
November 7, 2021

Leave a ReplyCancel reply

Tiktok Community

You're not logged into Tiktok, please login here
UBA bank ad UBA bank ad UBA bank ad

Recent News

Sultan

New islamic month nears as sultan calls for moon sighting

August 12, 2026
Police

Police arrest suspected kidnapper withdrawing ransom at Kwara POS

August 12, 2026
Trump

Trump’s secret Turkey escape revealed after Iran threat

August 12, 2026
Celta Vigo

Celta Vigo stadium hit by fungus scare before opener

August 12, 2026
  • Trending
  • Comments
  • Latest
N250k signature

Abiodun vs Amosun: N250k signature plot deepens Ogun political crisis ahead Tinubu visit

April 3, 2026
Omoge Saida

Omoge Saida sparks Nigerian social media over leaked video

October 28, 2025
james akaie

Nollywood SFX makeup artist James Akaie allegedly dies after explosion on Abeokuta movie set

January 13, 2026
Political persecution in Ogun State

Political persecution in Ogun State: Abiodun moves against Otunba Gbenga Daniel with demolition threats again

August 9, 2025
amoke

‘Meals by Amoke’ We serve traditional dishes in a modern way, Bukoye Fasola reveals

19
Image 2024 03 26 at 120645 AM jpeg

Charles Inojie, Ali Nuhu call on communities to #MakeWeHalla against domestic violence

11
Meran Primary Health Centre Lagos father Meran hospital

Lagos father shares heartbreaking experience at Meran Primary Health Centre (Photos)

4
fls2

‘Disarticulated system’ Gov’t confused about Nigerian education, expert laments

3
Sultan

New islamic month nears as sultan calls for moon sighting

August 12, 2026
Police

Police arrest suspected kidnapper withdrawing ransom at Kwara POS

August 12, 2026
Trump

Trump’s secret Turkey escape revealed after Iran threat

August 12, 2026
Celta Vigo

Celta Vigo stadium hit by fungus scare before opener

August 12, 2026
ADVERTISEMENT
August 2026
SMTWTFS
 1
2345678
9101112131415
16171819202122
23242526272829
3031 
« Jul    
Freelanews

Freelanews is a Nigerian digital news platform that delivers timely, credible, and engaging stories across politics, business, entertainment, lifestyle, and the creative industry, with a strong focus on promoting innovation, integrity, and inclusivity in storytelling.

Today’s Popular

  • Katsina

    Katsina United defender Chinedu Ozor moves in mortuary after being declared dead, rushed back to hospital

    0 shares
    Share 0 Tweet 0
  • Law student dies after falling from hostel rooftop in Lagos

    0 shares
    Share 0 Tweet 0
  • IGP Disu calls for stronger Police-Rotary partnership

    0 shares
    Share 0 Tweet 0
  • Police nab Lagos man over alleged defilement of stepdaughter

    0 shares
    Share 0 Tweet 0

Just Published!

Sultan

New islamic month nears as sultan calls for moon sighting

August 12, 2026
Police

Police arrest suspected kidnapper withdrawing ransom at Kwara POS

August 12, 2026
Trump

Trump’s secret Turkey escape revealed after Iran threat

August 12, 2026
Celta Vigo

Celta Vigo stadium hit by fungus scare before opener

August 12, 2026
WAFCON

WAFCON 2026: Nigeria’s Akintoye named referee for Algeria-Malawi semi-final

August 12, 2026
No Result
View All Result
  • About Us
  • Contact
  • Cookie Policy
  • Editorial Charter
  • Corrections Policy
  • Advertisement

© 2026 Freelanews | by Iretura.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events

© 2026 Freelanews | by Iretura.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.