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The US will move on with a case to seize $150 million linked to Kebbi Governor Bagudu.

The US will move on with a case to seize $150 million linked to Kebbi Governor Bagudu.

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The US will move on with a case to seize $150 million linked to Kebbi Governor Bagudu.

FastNews reported on Tuesday that US officials will resume legal actions to collect over $150 million allegedly laundered by Kebbi State Governor Atiku Bagudu.

According to Bloomberg, Bagudu, a member of the ruling All Progressives Congress (APC), attempted but failed to reach an out-of-court settlement with US authorities.

The US claims that Kebbi State Governor Bagudu was a member of a network operated by former Nigerian dictator Sani Abacha that stole billions of dollars from state coffers in the 1990s.

Bagudu’s brother Ibrahim, who is entitled to an income from the assets, is fighting the seizure in federal court in Washington, D.C.

US authorities and the Bagudu family obtained a stay of the judgment 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.

Ibrahim is, however, optimistic that an out-of-court settlement is still possible with US and UK government officials.

A UK court had frozen the family’s investment portfolios in 2014 following a request from the U.S

The Nigerian government in 2019 said it is unable to assist the US in the case. It claimed it is bound by a settlement Bagudu reached with a previous Nigerian government in 2003.

Bagudu’s agreement with the Nigerian government reportedly allowed him to return $163 million to the Nigerian authorities, which in exchange dropped all outstanding civil and criminal claims against him, according to court filings.

According to U.S. court documents, in 2018, the Nigerian government under President Muhammadu Buhari and Bagudu had a new agreement in 2018 for the ownership of the investment portfolios worth 141 million euros ($154 million) transferred to the Nigerian state, which would then pay 98.5 million euros to Bagudu and his affiliates.

Buhari’s administration has since applied to the U.K. court to unfreeze the assets.

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.

US authorities in return opposed plans by the Nigerian government to give $100 million from loots recovered from Abacha to Bagudu.

DoJ said Bagudu was involved in corruption with the late Abacha who Transparency International (TI) said may have looted as much as $5 billion during his 1993-98 rule in Nigeria.

It accused the Nigerian government of hindering U.S. efforts to recover allegedly laundered money it said was traced to Bagudu.

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