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US Nears Deal on Nigerian Governor’s Money-Laundering Case

  • DOJ and politician’s brother reach ‘principal terms’ of deal
  • Assets at stake held in trust for Abubakar Bagudu and family
Updated on

The US is nearing an agreement with the brother of a leading member of Nigeria’s ruling party to resolve a court case over more than $140 million that it says was laundered by the politician.

The Justice Department has been trying to seize four investment portfolios held in trust for Abubakar Bagudu, the governor of the northwestern Kebbi state, and his family since 2013. The US alleges Bagudu, 60, was part of a network controlled by former dictator Sani Abacha that misappropriated billions of dollars from state coffers in the 1990s.