The U.S has taken control of $480million which is part of money stolen by former military dictator General Sani Abacha, after a court ruling in D.C on Wednesday August 6th. The U.S Department of Justice will now hand over the stolen money to Nigerian government, U.S government spokesman said yesterday. According to court documents, late General Abacha, his son Mohammed Sani Abacha, their associate Abubakar Atiku Bagudu and others embezzled, misappropriated, extorted money from the Nigerian government and stashed them in various banks across the world.
During investigations, $303 million was found in two bank accounts operated by Abacha and his cronies in the British offshore center of Jersey while $144 million was also found in 2 bank accounts they operated in France.
They also operated three accounts in the UK and Ireland which had at least $27m. Investigations are still being carried out on claims to another $148 million in four investment portfolios in the UK.
Prosecutors say they laundered funds by buying bonds backed by the United States using U.S. financial institutions including banks such as the Deutsche Bank AG, HSBC Holding Plc and Banque SBA.
Assistant Attorney General, Leslie Caldwell said in the statement “Rather than serve his county, General Abacha used his public office in Nigeria to loot millions of dollars, engaging in brazen acts of kleptocracy”.
In June 2014, after a 16 year court battle, Nigeria was able to recover $228 million stolen by Abacha and his associates and deposited in Liechtenstein
Posted: at 8-08-2014 08:55 AM (10 years ago) | Gistmaniac
WHAT ABOUT THE ONES THAT OBJ STOLE?IBB?BUHARI?ATIKU?WHY NOT ARREST THOSE CRIMINALS OF THE NATION?IBB IS A CRIMINAL,OBASANJO IS A CRIMINAL AS WELL,WHY NOT ARRESTING THEM?THESE PEOPLE HAVE BILLIONS AND TRILLIONS OF DOLLARS ALL OVER THE WORLD.
Posted: at 8-08-2014 09:13 AM (10 years ago) | Gistmaniac
IS BETTER THEM KEEP IT THERE..AFTER ALL WE DON FORGET AM ... BECAUSE BRING IT BACK NO MAKE SENSE..
AT THE END OF THE DAY WE NO GO SEE AM .. THEM GO POCKET AM..OUR LEADERS NO GOOD OOOH.. THIS LIONS THAT WE CALL LEADERS..THEM NO DEY USE EYES SEE DOLLAS REMOVE EYES... THEM GO THIEF AM OOOH..
Posted: at 8-08-2014 01:04 PM (10 years ago) | Addicted Hero
osarobo62 at 8-08-2014 01:35 PM (10 years ago) (m)
Quote from: odprince on 8-08-2014 09:13 AM
WHAT ABOUT THE ONES THAT OBJ STOLE?IBB?BUHARI?ATIKU?WHY NOT ARREST THOSE CRIMINALS OF THE NATION?IBB IS A CRIMINAL,OBASANJO IS A CRIMINAL AS WELL,WHY NOT ARRESTING THEM?THESE PEOPLE HAVE BILLIONS AND TRILLIONS OF DOLLARS ALL OVER THE WORLD.
dead men don't talk........wait until any of these one die before we can get their money.
Posted: at 8-08-2014 01:35 PM (10 years ago) | Hero
Loveday759 at 8-08-2014 02:11 PM (10 years ago) (m)
We have the amount of money somewhere and President what to borrow for security matter, This is a country where thieves become Chiefs. God save our country Nigeria
Posted: at 8-08-2014 02:11 PM (10 years ago) | Upcoming
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