Another $370m Abacha Loot Traced To Luxembourg – Swiss Ambassador

Date: 28-04-2015 6:51 am (7 years ago) | Author: Mister Jay Wonder
- at 28-04-2015 06:51 AM (7 years ago)
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The Swiss government Monday revealed that $370 million of Nigeria’s money allegedly looted by the former Head of State, Gen. Sani Abacha has been traced to Luxembourg.
The Switzerland Ambassador, Hans Rudolf Hodel revealed this when he paid a courtesy call on the President-elect, Gen. Muhammadu Buhari at the Defence House, Abuja.
Also at the Defence House, an oil magnet, Prince Arthur Eze stated that with the coming of Buhari as president, the oil companies that had left the shores of Nigeria would come back.
Arthur Eze came in company of the the Managing Director of Total Upstreams and the Chairman of the Oil Producer Trade Section (OPTS), Mrs. Elizabeth Proust to pay a courtesy call on Buhari.

Arthur Eze fielding questions from journalists said: “We are glad that General Buhari is one of the most disciplined leaders that we have in Africa and particularly in Nigeria. He is going to organize this country so that you will not see all these poor people again. Things will change in this country. It is God that gives power, and God has given it to Buhari.

“He is coming to change our economy especially the oil sector, as you can see, most of the oil companies who left Nigeria are now coming back.”
Asked why he visited Buhari, when he was a close associate of President Jonathan, he said: “You know General Buhari has been President of Nigeria and also a former oil minister. He knows the oil industry very well; he is a man who has ability to take a decision. He has been in the system for a very long time, that is why God brought him back. Everyone of us is supporting him because God has giving him power”.

The Swiss Ambassador speaking on corruption, said: “This is a long standing issue. Our laws are there to help all countries which are fighting corruption. We will help this government. If you remember, many years ago we gave back the Abacha money to Nigeria. The situation in Switzerland has changed. The policy is no longer the same. In the past people come to deposit money in Switzerland without too much controversy. Now, it is not possible to deposit money in Switzerland because of legal origin. Before banks had to prove that the money is illegal. But now, before you deposit money in a Swiss bank, you have to prove that you have earned that money legally. If you are a wealthy businessman, you have money in billions legally, but if, for example as a journalists you come to Switzerland with $2 million and say you earned it because you did a very good job, nobody will believe you”.

Asked if there was any Nigerian money in Switzerland needed to be refunded, the Ambassador said: “None that I know. Recently, there was another request by Nigeria to the Swiss authority to look for Abacha money and some amount has been found in an account in Luxembourg. That is now between the Abacha family and the government. They have tried to find a deal so that this money can also come back. The recent one is 370 million dollars.

On how soon the money would be released, he said: “The Swiss government is not involved. The Nigerian government has asked for legal assistance. When the government makes a request to my government, we work together on it. But this case is different. That is the Abacha family directly with the Nigerian government finding a deal. So, the Swiss government is not involved and the money is in Luxembourg. They have asked for legal assistance and we have provided them with this information. It is not a classical case and we would have prefer a classical case where we can give the money back and make sure that it is used in the interest of the people. Now it is up to the Nigerian government”.

The Cuban Ambassador, Mr Carlos E. Trejo Sosa, who also visited to congratulate the President-elect stated that his country would collaborate with Nigeria in many areas.
















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Posted: at 28-04-2015 06:51 AM (7 years ago) | Addicted Hero
- angesco at 28-04-2015 07:13 AM (7 years ago)
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And when the $370m is returned to Nigeria. It will be RE-LOOTED.  I suggest the FGN ask Luxembourg to keep hold of the money until Nigeria can draw up plans on how the money will be spent to benefit the suffering masses!
Posted: at 28-04-2015 07:13 AM (7 years ago) | Gistmaniac
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- leonardi at 28-04-2015 07:23 AM (7 years ago)
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Abacha money too much no wonder the wife say even if dem seize all their money dem no fit poor like Dangote
Posted: at 28-04-2015 07:23 AM (7 years ago) | Upcoming
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- factfinding at 28-04-2015 07:35 AM (7 years ago)
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This Wicked ( Niger republic Man ) who disguise him self to be a Nigerian man really finish Nigeria, i am sure other Northern General's Looted the same as this Devil, just that their still alive that's why their own loots are not been exposed yet.
Posted: at 28-04-2015 07:35 AM (7 years ago) | Gistmaniac
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- Gold777 at 28-04-2015 08:05 AM (7 years ago)
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Northern leader don kill Nigeria finish   
Posted: at 28-04-2015 08:05 AM (7 years ago) | Upcoming
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- ngfineface at 28-04-2015 08:21 AM (7 years ago)
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Its not about tracing the loots. Its about telling us what happened to recovered ones and what to do with the money
Posted: at 28-04-2015 08:21 AM (7 years ago) | Hero
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- Abubu86 at 28-04-2015 08:47 AM (7 years ago)
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Abacha have really looted our money. But i am optimistic with God on GMB side,he will re-refurnish Nigeria
Posted: at 28-04-2015 08:47 AM (7 years ago) | Gistmaniac
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- kelemann at 28-04-2015 11:16 AM (7 years ago)
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I beg this Abacha loot no dey finish make we begin to recover OBJ loot.
Posted: at 28-04-2015 11:16 AM (7 years ago) | Upcoming
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- royalsam450 at 28-04-2015 11:39 AM (7 years ago)
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Quote from: kelemann on 28-04-2015 11:16 AM
I beg this Abacha loot no dey finish make we begin to recover OBJ loot.

My brother you will not die young obj looting na him big pass
Posted: at 28-04-2015 11:39 AM (7 years ago) | Upcoming
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- echeeche at 28-04-2015 12:44 PM (7 years ago)
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 Grin
Posted: at 28-04-2015 12:44 PM (7 years ago) | Hero
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- PoliticxGuru at 28-04-2015 02:37 PM (7 years ago)
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c me ooo I still dey do dry fasting bcoz money no dey pocket, Na wa oooooo
Posted: at 28-04-2015 02:37 PM (7 years ago) | Hero
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- dareper at 28-04-2015 03:48 PM (7 years ago)
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Abacha is a wicked man. He will never know peace inside hell fire.
Posted: at 28-04-2015 03:48 PM (7 years ago) | Hero
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- tina26 at 28-04-2015 06:49 PM (7 years ago)
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AFRICAN LEADERS DEY CARRY THEIR MONEY GO GIVE OYINBO PEOPLE AND THE OYINBO PEOPLE JUST DEY USE THE MONEY DEY PAY THIER UNEMPLOYMENT CITIZENS AND THE AFRICAN CITIZENS ARE DIEING FOR HUNGER.. WHAT A SHAME.. Sad Sad Sad
Posted: at 28-04-2015 06:49 PM (7 years ago) | Newbie
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- beneno at 28-04-2015 08:39 PM (7 years ago)
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 Roll Eyes Roll Eyes Roll Eyes Roll Eyes
Posted: at 28-04-2015 08:39 PM (7 years ago) | Addicted Hero
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- Ololababs at 28-04-2015 10:02 PM (7 years ago)
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Quote from: leonardi on 28-04-2015 07:23 AM
Abacha money too much no wonder the wife say even if dem seize all their money dem no fit poor like Dangote

Really??? God has given them d opt to steal n be rich. Them be bigger thieves o
Posted: at 28-04-2015 10:02 PM (7 years ago) | Upcoming
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- benosky4 at 28-04-2015 11:15 PM (7 years ago)
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#naGodwin

Posted: at 28-04-2015 11:15 PM (7 years ago) | Gistmaniac
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- hylink at 29-04-2015 07:46 AM (7 years ago)
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Why is it that he did not let us know about this during Jonathan presidency ?
Posted: at 29-04-2015 07:46 AM (7 years ago) | Upcoming
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- Nicksam at 29-04-2015 07:50 AM (7 years ago)
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NO MEANING HAVING THE MONEY BACK
Posted: at 29-04-2015 07:50 AM (7 years ago) | Hero
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- juicypac777 at 29-04-2015 08:46 AM (7 years ago)
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abeg wait make that thief commot for aso rock before they refund the money.God go punish all of them
Posted: at 29-04-2015 08:46 AM (7 years ago) | Newbie
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- onyenmeme at 29-04-2015 09:31 AM (7 years ago)
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na only abacha thief all of them should return our money back from past military governos present one and most important ,ibb,obj and abdulsalam
Posted: at 29-04-2015 09:31 AM (7 years ago) | Upcoming
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