European country, Switzerland has given conditions for repatriating the $321m looted by ex Head of Sate, Gen. Sani Abacha to Nigeria, Punch reports.

Part of the conditions is that the fund will be used for projects that will benefit Nigerians and they (the projects) must be monitored by the World Bank.

Nigeria's Minister of Foreign Affairs, Geoffery Onyeama said that the government was working on the modalities for the repatriation.

“..we have to agree beforehand as a pre-condition on what the money would be used for and the World Bank would be part of the monitoring process to ensure that the money is used for the benefit of Nigerian people," he said.

Onyeama also said that Nigeria had signed an agreement with the Swiss government in the area of human right and migration.