Tag: abacha loot
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$23 million Abacha loot may be re-looted – SERAP says in Letter to Buhari
The Socio-Economic Rights and Accountability Project (SERAP) has said there are tendencies that the $23 million Abacha loot slated to be repatriated to Nigeria may be re – looted if not transparently accessed and utilised. The organization’s Deputy Director, Kolawole Oluwadare stated this in a letter to President Muhammadu Buhari. SERAP urged the President to…
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Abacha loot: Another $23 million on the way to Nigeria from US
The Federal Government has signed an agreement with the United States of America for the repatriation of more assets stolen by the former leaders, including Late General Sani Abacha, worth $23 million. The agreement was signed on Tuesday. The Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN), signed the agreement on behalf…
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$2.4b Abacha loot returned so far to Nigeria, $192m still in UK, France, Jersey
Swiss lawyer, Enrico Monfrini, hired by the Nigerian government to help trace the billions looted by kleptocratic General Sani Abacha has said $2.4billion has so far been recovered and repatriated to Nigeria. However, another $192million is locked up in accounts in UK, France and Jersey. According to Monfrini, $30m of the money is sitting in…
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FG releases $311 million Abacha loot to NSIA
The federal government has released $311 million Abacha loot to the Nigeria Sovereign Investment Authority (NSIA) to fund its activities. Managing Director of NSIA Mr. Uche Orji made this disclosure at a virtual meeting with the press to discuss the Authority’s 2019 financial Statement. According to Uche Orji, “the federal government has transmitted $311 million…
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See how Presidency is to spend newly repatriated $311m Abacha loot
Malam Garba Shehu, the President’s Senior Special Assistant on Media and Publicity has clarified those to benefit from the recently repatriated Sani Abacha loot. He said the loot would be used towards three of the Federal Government’s five priority projects, excluding the Mambilla power and East-West road projects. The statement read in part: ”In an…
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US hints Nigeria on fresh $319m Abacha loot in UK, France
There is fresh $319m loot of Ex- Head of States, General Sani Abacha, in France and the United Kingdom, the United States has declared. $167m of the loot is in France while UK has $152m of Abacha assets, it added. The United States however stated the $152m loot in the UK is a subject of…
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Repatriation of $311m Abacha loot, sign of foreign trust in Nigeria – Presidency
The Presidency has described the recent repatriation of $311million to Nigeria by the government of the United States of America (USA) as a sign of growing respect for Nigeria and its government. It noted that the fund, just like those earlier repatriated from countries such as the United Kingdom (UK) and Switzerland, had been earmarked…
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BREAKING: Nigeria receives fresh $311.7m Abacha loot from US
The Federal Government of Nigeria on Monday confirmed the receipt of fresh $311.7 million looted by the late former Head of State, Gen. Sani Abacha from the United States. The loot was reportedly repatriated from the United States and the Bailiwick of Jersey. A statement issued by Dr Umar Jibrilu Gwandu, Special Assistant on Media…
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US reveals Abba Kyari’s role in return of Abacha’s loot
The Government of the United States of America (USA) has eulogised the memory of late Mallam Abba Kyari, former Chief of Staff to President Muhammadu Buhari, as dedicated public servant. In a condolence message to President Muhammadu Buhari, the Assistant Secretary of State for African Affairs, Tibor Nagy, eulogised the important roles played by Kyari…
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We have no record of how $5bn Abacha loot was spent – Malami
The federal government has replied the Socio-Economic Rights and Accountability Project (SERAP) that it “has no records of the exact amount of public funds stolen by a former military head of state, Sani Abacha and no records of the spending of about $5 billion recovered loot for the period between 1999 and 2015.” The government’s…