Malami Reveals Why He Referred To 'Abacha Loot' As 'Assets'

The Attorney-General of the Federation and Minister of Justice, Abubakar Malami has reacted to 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, on Wednesday in Abuja said his attention had been drawn to the needless media hype relating to purported characterisation of the recovered assets associated with the former Head of State as “Abacha Assets”.

He maintained that the choice of words was deliberate.

“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 same."

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