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

Date: 30-07-2012 12:51 pm (11 years ago) | Author: Omogbolahan Babs
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- at 30-07-2012 12:51 PM (11 years ago)
(m)
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.


Posted: at 30-07-2012 12:51 PM (11 years ago) | Gistmaniac
- toibeli at 30-07-2012 06:32 PM (11 years ago)
(m)
Good news, and I am glad to hear this.
Posted: at 30-07-2012 06:32 PM (11 years ago) | Gistmaniac
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- toibeli at 30-07-2012 06:33 PM (11 years ago)
(m)
The family had no case to begin with.
Posted: at 30-07-2012 06:33 PM (11 years ago) | Gistmaniac
Reply
- chicco77 at 30-07-2012 06:54 PM (11 years ago)
(f)
 Lips Sealed
Posted: at 30-07-2012 06:54 PM (11 years ago) | Addicted Hero
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- interpo777 at 30-07-2012 07:32 PM (11 years ago)
(m)
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 (11 years ago) | Gistmaniac
Reply
- Ifemylove at 30-07-2012 07:46 PM (11 years ago)
(f)
instead of you to bury that name called "ABACHA" in order not to remind Nigeria of his evil acts, you are there dragging FG to court for some amount of money...OLE BURUKU
Posted: at 30-07-2012 07:46 PM (11 years ago) | Gistmaniac
Reply
- Doncastle25 at 30-07-2012 07:57 PM (11 years ago)
(m)
I'M SHOCKED. Shocked
Posted: at 30-07-2012 07:57 PM (11 years ago) | Upcoming
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- zoe61 at 30-07-2012 07:58 PM (11 years ago)
(f)
thives shamless looters havn't they loot enough
Posted: at 30-07-2012 07:58 PM (11 years ago) | Hero
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- DMG17 at 30-07-2012 08:39 PM (11 years ago)
(m)
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 (11 years ago) | Gistmaniac
Reply
- denmal at 30-07-2012 09:18 PM (11 years ago)
(m)
devil soda their nyash
Posted: at 30-07-2012 09:18 PM (11 years ago) | Gistmaniac
Reply
- proly at 30-07-2012 09:30 PM (11 years ago)
(f)
ok
Posted: at 30-07-2012 09:30 PM (11 years ago) | Hero
Reply
- bigdad95 at 30-07-2012 09:44 PM (11 years ago)
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foolish people
Posted: at 30-07-2012 09:44 PM (11 years ago) | Upcoming
Reply
- Solidstonez at 30-07-2012 09:44 PM (11 years ago)
(f)
 Lips Sealed Lips Sealed Lips Sealed Lips Sealed Lips Sealed

Posted: at 30-07-2012 09:44 PM (11 years ago) | Addicted Hero
Reply
- Solidstonez at 30-07-2012 09:45 PM (11 years ago)
(f)
 Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes

Posted: at 30-07-2012 09:45 PM (11 years ago) | Addicted Hero
Reply
- samjohnson at 30-07-2012 09:50 PM (11 years ago)
(m)
the money was recovered from them,and kept where. so who is fooling who  Cool Cool Lips Sealed Lips Sealed
Posted: at 30-07-2012 09:50 PM (11 years ago) | Newbie
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- BORN4NAIJA at 31-07-2012 12:09 AM (11 years ago)
(m)
THIS IS THE FIRST TIME IN MY LIFE I'M HEARING THAT A THIEF BOLDLY DEMANDS BACK WHAT WAS RECOVERED FROM HIM.MAY GOD HELP NAIJA
Posted: at 31-07-2012 12:09 AM (11 years ago) | Upcoming
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- amcq2001 at 31-07-2012 01:53 AM (11 years ago)
(m)
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 (11 years ago) | Upcoming
Reply
- Senegal at 31-07-2012 02:34 AM (11 years ago)
(m)
Stupid hausa/fulanis
Posted: at 31-07-2012 02:34 AM (11 years ago) | Hero
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- mkpume22 at 31-07-2012 02:38 AM (11 years ago)
(m)
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 ?Shocked 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.  Angry Angry
Posted: at 31-07-2012 02:38 AM (11 years ago) | Gistmaniac
Reply
- aso4life1 at 31-07-2012 03:11 AM (11 years ago)
(m)
OLOFO FAMILY, MONEY MISS ROAD, SO UNA DON DEY BROKE?  HAHAHA, MAY SHIT AND HOT FIRE FINISH ABACHA WHEREVER HE IS IN HELL.....I wish am the president  now, I will jail this boy for asking for looted funds

Posted: at 31-07-2012 03:11 AM (11 years ago) | Hero
Reply
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