NEVER ENDS! Swiss Bank To Return Another $300M Of Sani Abacha's Loot Back To Nigeria

[1] 2
at 09:03 PM, 11 Jan 16 (1 year ago)
(18442 | Hero) (m)

The government of Switzerland is prepared to transfer to the Nigerian government, another $300 million recovered from the family of former military ruler, Sani Abacha, foreign minister, Geoffrey Onyeama, announced Monday.

The money is part of an estimated $5 billion stolen and stashed in foreign accounts by the late dictator.

Nigeria has in the last 10 years received over $1 billion from the Swiss and American governments, but there are growing concerns past administrations misused the huge sum.
PREMIUM TIMES reported in December 2015 how former finance minister, Ngozi Okonjo-Iweala, with the approval of former President Goodluck Jonathan, authorised the diversion of at least N61.4 billion ($300 million and £5.5 million) from funds recovered from Mr. Abacha, to the Office of the National Security Adviser, Sambo Dasuki, few weeks before the 2015 presidential election.

The former minister said the money, which was not approved by the National Assembly, was meant for purchase of military equipment for the fight against Boko Haram.
The money is believed to be part of at least $2.1 billion slush fund later distributed by Mr. Dasuki to politicians ahead of the polls. An ongoing investigation into the scandal as led to the indictment of several high profile figures.


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DAMILARE100 at 09:11 PM, 11 Jan 16 (1 year ago)
(4821 | Gistmaniac) (m)
This man money never still finish for overseas? Hope it wouldn't go to the wrong hands again when truly returned?
Reply
DAMILARE100 at 09:13 PM, 11 Jan 16 (1 year ago)
(4821 | Gistmaniac) (m)
This man money never still finish for overseas? Hope it wouldn't go to the wrong hands again when truly returned? Yeye de smell
Reply
gogoman at 09:15 PM, 11 Jan 16 (1 year ago)
(27262 | Addicted Hero) (m)
I  will prefer make the oyinbo no give us the money in cash please!! they should exchange it for development instead, like road, school, hospital and electricity all across the states..
Reply
names at 09:19 PM, 11 Jan 16 (1 year ago)
(102 | Upcoming) (m)
Gogoman you have said it all but what is efcc still waiting for? Iweala should be brought to book b4 she escape like madueke
Reply
Powerfulify at 10:08 PM, 11 Jan 16 (1 year ago)
(1649 | Gistmaniac) (m)
De ones returned b4 what r they used 4?
Reply
Machealex at 10:17 PM, 11 Jan 16 (1 year ago)
(2355 | Gistmaniac) (m)
Na the money wey this man steal na him kill am.
Reply
Anny01 at 10:24 PM, 11 Jan 16 (1 year ago)
(1707 | Gistmaniac) (m)
Is the Nation still broke?
Reply
zezprincess at 10:40 PM, 11 Jan 16 (1 year ago)
(8085 | Hero) (f)
Who are u people telling? $300M is avery small money from the amount we are expecting them to bring back.Mr Buhari, your brother Achacha just finished this country and your are looking for who to porb, why not arrest Abacha's children. Mad Mad people.
Reply
Dramaking at 10:50 PM, 11 Jan 16 (1 year ago)
(1478 | Gistmaniac) (m)
Lol... Hiz money is like season film.
Reply
kp45 at 11:06 PM, 11 Jan 16 (1 year ago)
(6367 | Gistmaniac) (m)
I don't even know where all these money are entering.
Reply
dareper at 11:12 PM, 11 Jan 16 (1 year ago)
(20267 | Addicted Hero) (m)
I talk am say na.abacha finished Nigeria. Abeg.wey femjay.and beneno.my friends?
Reply
okatee at 12:11 AM, 12 Jan 16 (1 year ago)
(7688 | Hero) (m)
ABACHA REALLY FINISH NAIJA, I JST PRAY MAK OUR GOVT NO MISUSE DIS ONE AGAIN.
Reply
wisewisdom at 12:33 AM, 12 Jan 16 (1 year ago)
(128 | Upcoming) (m)
is it because abacha has died, what of babangida, obj his military friends?
Reply
mensch at 01:24 AM, 12 Jan 16 (1 year ago)
(2367 | Gistmaniac) (m)
this money can give electric to all Nigerians,
 at the same time build all roads to a good standard.
supply water to all.
Reply
DJSNIPPER at 01:28 AM, 12 Jan 16 (1 year ago)
(3598 | Gistmaniac) (m)
Imagine how these people avoided admitting that the returned loot are from Abacha's cleptomania that Buhari denied. Buhari must not be allowed to touch these funds. Buhari shouldn't be a custodian of our democracy.
Reply
stephen153 at 04:38 AM, 12 Jan 16 (1 year ago)
(35558 | Addicted Hero) (m)
Abacha stole 5 billion what?
Oh My God! Naija is finished ooo
Reply
DrSoba at 06:04 AM, 12 Jan 16 (1 year ago)
(4701 | Gistmaniac) (m)
We only hear returned Abacha's loot, but what the loots is used for nobody knows. They are sharing the whole returned loots amongst themselves.
Reply
SOGaiya at 07:38 AM, 12 Jan 16 (1 year ago)
(3835 | Gistmaniac) (m)
Ogogoroman said it all
Reply
factfinding at 07:48 AM, 12 Jan 16 (1 year ago)
(1979 | Gistmaniac) (m)
This man called Abacha really plunder Nigeria in his reign,  no wonder why his wife made a statement that even if Nigeria Govt confiscate all their properties and accounts that they will never poor like Dangote,while Dangote is been refer as one the richest man in Africa. God save us.
Reply
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