Nigeria and Switzerland have sealed a memorandum of understanding (MoU) for the return of $321 million traced to former Nigerian military ruler, Sani Abacha.

The deal was signed on behalf of Nigeria by Abubakar Malami, the attorney-general of the federation, in Washington DC, US, on Monday afternoon at the headquarters of the World Bank Group.

When returned, the money is expected to be expended on social protection programme in Nigeria.

More to follow…