The United Kingdom has  returned to Nigeria the sum of $85 Million (N30 billion) to the Federal Government which was part of the $1,092 billion paid by oil giants, Shell and ENI to Malabu Oil and Gas through the Federal Government.

The Attorney General of the Federation and Minister of Justice, Abubakar Malami made the revelation on Thursday during an interactive consultative meeting on assets recovery with the theme, “Building an Enduring Framework for Asset Recovery in Nigeria” held in Abuja.

While decrying the non- compliant attitude of some foreign countries that were still holding on to stolen assets, Malami reiterated the resolve of the current administration to recover more funds, having signed several treaties to facilitate the repatriation of stolen assets to the Federal Government.

He further disclosed that the Federal Government had concluded negotiations with the government of Switzerland for the return of $320million recovered from the family of the country’s late former Head of State, General Sani Abacha.

The $85 million which was part of the OPL 245 largesse not yet distributed, was reportedly seized on the request of Italian prosecutors who were investigating the Malabu deal.

“I am pleased to inform that Nigeria has just recovered the sum of $85 million from the Malabu Restrained Funds in the    UK,” Malami said.

He however lamented that the recovery and repatriation of stolen wealth stashed abroad continued to be tedious despite several bilateral and unilateral agreements entered into between Nigeria and other jurisdictions as provided in the United Nations Convention Against Corruption.