Legal proceedings against Kebbi State Governor by USA.
Written by News Room on March 9, 2022
United States authorities said it will resume legal proceedings to seize over 150 million dollars allegedly laundered by Kebbi State Governor Atiku Bagudu, Bloomberg reported on Tuesday.
Bloomberg reported that Bagudu, a member of the ruling All Progressives Congress (APC), made a failed attempt for an out-of-court settlement with US authorities.
US authorities alleges that the Kebbi State governor was part of a network controlled by former Nigerian dictator Sani Abacha involved in corruption which Transparency International (TI) said may have looted as much as 5 billion dollars during his 1993-98 rule in Nigeria.
Bagudu’s brother Ibrahim, who is entitled to an annuity from the assets, is challenging the forfeiture in a federal court in Washington. The Bagudu family obtained a stay of the judgement in 2020 to enable the parties to negotiate a resolution but with no agreement reached, the case is set to resume, according to court documents dated March 2.
US DoJ in February 2020 said it requested the Nigerian government to withdraw litigation it had commenced in the U.K. that was hindering its efforts to forfeit laundered funds held in Bagudu’s name.
It accused the Nigerian government of hindering U.S. efforts to recover allegedly laundered money it said was traced to Bagudu.