Tag: abacha loot
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We are yet to receive $300m Abacha loot – FG
The Attorney General of the Federation and Minister of Justice, Mr Abubakar Malami (SAN), said on Tuesday that the latest recovered tranche of the funds looted by the late Head of State, Gen. Sani Abacha, has yet to be repatriated to Nigeria. Malami, in a statement by his Special Assistant on Media and Public Relations,…
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For the records:Abacha was a thief; Buhari gave wrong evidence, Al-Mustapha a liar (2)- Godwin Etakibuebu
By Godwin Etakibuebu Last week, in this column, facts of how General Sani Abacha, a former Military Head of State, looted massively from the Nigerian treasury were presented. And first evidences produced [last week] were that of President Muhammadu Buhari, the current president of the Federal Republic. His evidences, which translated into false, inaccurate or…
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Abacha loot: FG speaks on plot to pay $100m to Kebbi gov, Bagudu
Nigeria’s Federal Government has rubbished allegation that the President Muhammadu Buhari’s administration plans to hand about $100 million the American authorities said was stolen by former dictator, Sani Abacha to Governor Atiku Bagudu of Kebbi state, describing the report as mischievous. The government said the allegations were figment of the imagination of mischief makers who…
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US attacks Buhari over alleged plans to ‘settle’ Kebbi gov $100m out of Abacha loot
The U.S.has opposed plans by the Buhari government to hand about $100 million the American authorities said was stolen by former dictator Sani Abacha to Governor Atiku Bagudu of Kebbi state. According to Bloomberg, the disagreement may hamper future cooperation between the two nations to recover state money moved offshore by Abacha, who Transparency International…
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FG to spend Abacha’s loot on Lagos-Ibadan, 2nd Niger Bridge, Kano expressways – Malami
Attorney-General of the Federation and Minister of Justice, Mr. Abubakar Malami, SAN, has stated how the country would spend the US$308 million looted by the late former Head of State, General Sani Abacha when it is finally returned. He said this while signing an Asset Recovery Agreement to repatriate over US$308 million of forfeited assets…
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80% social investments funded with Abacha loot – Presidency
The Special Adviser to President Muhammadu Buhari on Social Investments, Mrs Maryam Uwais, on Thursday, said 80 per cent of payments for social investments come from the recovered looted funds by former Head of State, Sani Abacha. She added that the remaining 20 per cent came from credit from the World Bank. She spoke as…
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Jersey, Nigeria, US to share $267m Abacha loot
The more than $267m (£210m) belonging to former Nigerian dictator General Sani Abach is to be shared between Nigeria, Jersey and the United States. The money was seized from a Jersey bank account belonging to Abacha. The money was “derived through corruption” during the presidency of Sani Abacha in the 1990s, according to Jersey’s Civil…
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Abacha loot: Swiss govt has returned over $1.04b to Nigeria since 1999 – Magu
The acting chairman of the Economic and Financial Crimes Commission (EFCC) on Thursday said the Swiss Government has returned about $1.040 billion looted by the late Head of State, Gen. Sani Abacha and his family members to Nigeria since 1999. Magu gave the information in a presentation at the International Association of Anti-Corruption Authorities, (IAACA),…
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PDP accuses Buhari’s govt of embezzling recently repatriated $322m Abacha loot
…The party is shameless – Presidency The Peoples Democratic Party (PDP) on Wednesday accused the President Muhammadu Buhari led Federal Government looting the recently repatriated $322m (about N115bn) under the disguish of distributing the money to the poor. It also alleged that over N4bn had been looted under the Tradermoni and the Farmers Anchor Borrower…
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Al-Mustapha speaks on controversial Abacha loot, blasts EFCC
Major Hamza Al-Mustapha, the ex-Chief Security Officer to late maximum ruler, Gen. Sani Abacha, said on Wednesday the Economic and Financial Crimes Commission (EFCC) is not fighting corruption but chasing shadow. He also denied knowledge of the controversial “Abacha loot.” Al-Mustapha spoke during an interactive session with the Christian community, under the auspices of United…