The Federal Republic of Nigeria (FRN), the United States of America and the Bailiwick of Jersey (collectively referred to as the “Parties”) signed an Asset Agreement on February 3, 2020 to enable transparent and efficient repatriation of assets for the benefit of the people of Nigeria. The Parties agreed that the forfeited assets shall be used exclusively for the purpose of financing the projects set out in Article 6 of the Asset Agreement and further described in Schedule 1 (the Projects), the payment of fees of the Monitoring Civil Society Organization (CSOs) and the independent designated auditor. The Projects are defined as:

1. The Lagos to Ibadan Expressway;
2. The Abuja to Kano Road; and
3. The Second Niger Bridge.

The implementing agency for the Asset Agreement for the FRN is the Nigeria Sovereign Investment Authority (NSIA). Pursuant to the Asset Agreement, the Federal Government of Nigeria through the Federal Ministry of Justice awarded CLEEN Foundation a contract to monitor, on behalf of the Nigerian citizens, the application of recovered funds (aka the “Abacha Loot”) to key sections of three civil construction projects: the Lagos-Ibadan Expressway, the Second Niger Bridge and the Abuja-Kano Road (the Projects) with the NSIA as the funding agency. The two Contractors responsible for the Projects are Reynolds Construction Company Ltd (“RCC”) and Julius Berger Nigeria Ltd (“JBL”), collectively referred to as (the “EPC Contractors”).