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

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.

---

For more scintillating and juicy stories, follow the official Naijapals accounts On Twitter - https://twitter.com/Naijapals and Facebook - www.facebook.com/naijapals

---

Posted: at 11-01-2016 09:03 PM (9 years ago) | Addicted Hero

This man money never still finish for overseas? Hope it wouldn't go to the wrong hands again when truly returned? Yeye de smell

Posted: at 11-01-2016 09:13 PM (9 years ago) | Gistmaniac

Gogoman you have said it all but what is efcc still waiting for? Iweala should be brought to book b4 she escape like madueke

Posted: at 11-01-2016 09:19 PM (9 years ago) | Newbie

Na the money wey this man steal na him kill am.

Posted: at 11-01-2016 10:17 PM (9 years ago) | Gistmaniac

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.

Posted: at 11-01-2016 10:40 PM (9 years ago) | Hero

I don't even know where all these money are entering.

Posted: at 11-01-2016 11:06 PM (9 years ago) | Addicted Hero

ABACHA REALLY FINISH NAIJA, I JST PRAY MAK OUR GOVT NO MISUSE DIS ONE AGAIN.

Posted: at 12-01-2016 12:11 AM (9 years ago) | Gistmaniac

this money can give electric to all Nigerians,
 at the same time build all roads to a good standard.
supply water to all.

Posted: at 12-01-2016 01:24 AM (9 years ago) | Gistmaniac

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.

Posted: at 12-01-2016 06:04 AM (9 years ago) | Gistmaniac

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.

Posted: at 12-01-2016 07:48 AM (9 years ago) | Gistmaniac