Abacha family loses bid to recover $800m loot from FG

The family and 19 close associates of the late Head of State, General Sani Abacha, have lost their bid to recover $800 million seized by the Federal Government.

Abba Abacha, son of late military Head of State, General Sani Abacha



The fund, allegedly looted by Abacha’s family, was recovered by the General Abdulsalami Abubakar – led government.

The family and 19 companies owned by the family had gone to the appellate court seeking to upturn the decision of the Federal High Court Abuja, which dismissed their suit, challenging the constitutionality of the letters written by the Federal Government to governments of some foreign countries.

Justice Suleiman Galadima, who delivered the lead judgment recently at the Supreme Court, threw out the appeal saying it is incompetent and lacking in merit.

The money was recovered by the government from Muhammed Sani Abacha and nineteen (19) other companies between 1999 and 2000.

The companies are Juinin Finance, Savard International, Venfold Investment, Sulgrave Holdings INC, Raw Materials Development and Trading Co. Ltd., Technical Management Service Ltd, Allied Network Ltd and Blue Rock Properties.

Others are Barven Holdings, Olmar Establishment, Peltora Establishment, Glotar establishment, KRH Capital establishment, Kurita Establishment, Tadil Overseas, Rike Limited, Warnbeck Holdings, Arwood Overseas and Larberidge Trading.

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Posted: at 30-07-2012 12:51 PM (12 years ago) | Gistmaniac

The family had no case to begin with.

Posted: at 30-07-2012 06:33 PM (12 years ago) | Gistmaniac

THE LIKES OF ABACHA AND ITS ALLIED SUPPOSED NOT TO SURFACE  IN NIGERIA FOR WHAT NO REASON ,TALKLESS OF COMING TO DRAG FG TO COURT...THAT FAMILY NO DEY FEAR OOOO

Posted: at 30-07-2012 07:32 PM (12 years ago) | Gistmaniac

I'M SHOCKED.

Posted: at 30-07-2012 07:57 PM (12 years ago) | Upcoming

STUPID FOOL, YOU WANT TO RECOVER MONEY YOU AND YOUR WICKED EVIL FATHER STOLE FROM GOVERNMENT. YOU ARE LUCKY YOU ARE EVEN ALIVE. OLOSHI ALAKORI.

Posted: at 30-07-2012 08:39 PM (12 years ago) | Gistmaniac

ok

Posted: at 30-07-2012 09:30 PM (12 years ago) | Hero

 

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Posted: at 30-07-2012 09:44 PM (12 years ago) | Addicted Hero

the money was recovered from them,and kept where. so who is fooling who 

Posted: at 30-07-2012 09:50 PM (12 years ago) | Newbie

Why not put this man in jail for 120 years instead he asking for 800 millions naira as if his birth right to collect money from the government that his father has stolen from the country. Nigeria is too good for some stupid goat like our leaders

Posted: at 31-07-2012 01:53 AM (12 years ago) | Upcoming

That fool should be reminded in kirikiri prison for boldly coming out to claim stolen money from his late father. how did he got such huge amount of money ? oh my God i cry for niger delta oil money. if only one man stole all this money how much would his then govt. has stolen ? and now this clueless animal will still go unhurt.  

Posted: at 31-07-2012 02:38 AM (12 years ago) | Gistmaniac