Governor of Kebbi State, Abubakar Atiku Bagudu.
In order to settle a legal dispute involving more than $140 million that it claimed the governor had laundered, the United States and the brother of the governor of Kebbi State, Abubakar Bagudu, are negotiating an accord.

According to Bloomberg, since 2013, the Justice Department has been attempting to confiscate four trust-held investment portfolios for Bagudu and his family.

The United States said that Bagudu, 60, was a part of the Sani Abacha-controlled network that siphoned billions of dollars from state coffers in the 1990s.

But Governor Bagudu has consistently defended his innocence in relation to the alleged crime. On August 3, the US and Bagudu's brother, Ibrahim, filed a request to halt the litigation being place in a federal court in Washington, DC. It described their joint application as saying they "agreed upon the basic terms of a settlement" on July 19 and "think a brief delay will provide the parties to negotiate a final agreement settling the case."

The judge granted the request and mandated that the parties give a progress report on their negotiations by November 2 or else. The motion made no mention of the specifics of the proposed settlement.

Bagudu recently handled the party's selection of Bola Tinubu as its presidential candidate for the general elections scheduled for next February. Bagudu is the Chairman of the All Progressives Congress Governors' Forum, a powerful group of governors.

Ibrahim Bagudu had contested the attempts at asset forfeiture since he is entitled to an annuity from the assets.

According to documents produced during the litigation, the US and Ibrahim Bagudu have been discussing a bigger arrangement that includes his brother as well as the governments of Nigeria and the United Kingdom.

2014 saw the portfolios of investments frozen by a UK court at the US's request. President Buhari claimed that due to a 2003 agreement that Abubakar Bagudu signed with the previous administration, it was unable to help the US.

According to court documents, Bagudu was able to refund $163 million to the Nigerian government in exchange for them dropping all pending civil and criminal claims against him.

According to US court documents, Bagudu's administration and the Nigerian state came to a new agreement in 2018 that would see ownership of the investment portfolios worth €141 million ($144 million) transferred to the Nigerian state in late 2019 in exchange for €98.5 million being paid to Bagudu and his affiliates.

The UK court had received a request to unfreeze the assets from Buhari's administration.

Although the US and Ibrahim Bagudu were granted an interim stay in the beginning of 2020 to investigate an out-of-court settlement, they declared in March that those discussions had reached a "impasse" and that the case needed to be reopened. Following the litigation's resumption five months ago, discussions carried on.

The US Justice Department declined to comment. According to Bloomberg, the attorneys representing the Bagudu brothers as well as the Nigerian Attorney General Abubakar Malami's spokespeople did not reply to calls for comment.