See the Conditions Switzerland Gave Nigeria to Return Abacha’s Loot

Published 3 years ago by: Giwa bayo
[1] 2 3
at 01:15 PM, 9/03/2016 (3 years ago)

(11808 | Hero) (m)


Part of the conditions is that the fund will be used for projects that will benefit Nigerians and they (the projects) must be monitored by the World Bank. The Minister of Foreign Affairs, Geoffery Onyeama said that the government was working on the modalities for the repatriation.
Speaking shortly after holding a meeting with the Swiss Foreign Minister, Didier Burkhalter, on Tuesday in Abuja, Onyeama explained that Nigeria had signed an agreement with the Swiss government in the area of human right and migration.
He said, “It is $321m that we are looking at repatriating to Nigeria and the modalities are basically legal framework for that, mutual legal assistance framework that we are trying to put in place and there are pre-conditions that are also in place already and this requires monitoring mechanism.
“So, we have to agree beforehand as a pre-condition on what the money would be used for and the World Bank would be part of the monitoring process to ensure that the money is used for the benefit of Nigerian people.”

The Minister stated that Burkhalter’s visit was significant as it marked the commencement of the fund repatriation process, noting that other looted funds may be discovered in hidden accounts in Swiss banks. Burkhalter said his country and Nigeria have a very constructive relation, adding that Switzerland planned to open a consulate in Lagos that would boost economic relations between the two countries.

He said his country would repatriate $321mn to Nigeria and pledged Switzerland’s continued assistance to IDPs in the country.

“We would continue to help in the humanitarian assistance in the North, for those who are suffering and we would try to write another chapter of the history of illicit asset recovery and restitutions from Switzerland to Nigeria,” Burkhalter said.

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gogoman at 01:22 PM, 9/03/2016 (3 years ago)
(31866 | Addicted Hero) (m)

better!! cos naija politician are thief!! them go share am now now
Reply
hrtmender at 01:23 PM, 9/03/2016 (3 years ago)
(35 | Newbie) (m)

Good enough reason but must you monitor us??? Just be careful, be very very careful, CAREFULLLLLLLL........
Reply
dollar22 at 01:31 PM, 9/03/2016 (3 years ago)
(1099 | Gistmaniac) (m)

LIVE UPDATE

The Press was ordered to leave in other to bring in the witnesses and make some demonstrations. The presiding Judge Justice John Tsoho arrived the Court at exactly 10:05am and Court proceedings took off, with the introduction of both counsels and their learned friends.

My Lord "The demonstration and hearing was suppose to take place today been the 9th of March 2016, but an appeal and complainant respondence was promptly served on the 8th of March 2016. Sequel to a motion for stale proceedings was file this morning,been the 9th of March here in the Court. I await the response of prosecuting counsel as regards to the application filed this morning.

The prosecuting counsel L.U Idiakwor "My Lord the Five witnesses are outside the Court, waiting to come into the Court to testify. But because of the motion of notice filed by the counsel of the defendants, we shall be asking for an adjournment so that we will be able to respond to the application"

Ibeh Gift Amarachi of Family Writers reporting from Federal High Court Abuja
Reply
Eazyatumeyi at 01:58 PM, 9/03/2016 (3 years ago)
(14380 | Hero) (m)

nice move by the Switzerland government.
Reply
Eazyatumeyi at 02:00 PM, 9/03/2016 (3 years ago)
(14380 | Hero) (m)

Quote from: Bruno Opara on 01:23 PM,  9/03/2016
Good enough reason but must you monitor us??? Just be careful, be very very careful, CAREFULLLLLLLL........
you dont know what you are saying.
Reply
treehouse at 02:01 PM, 9/03/2016 (3 years ago)
(8 | Newbie) (m)

Can you imagine a country monitoring anoda country dis is very bad and embarrassing, all bcos of the stupidity and the greed of our leaders, u leaders  make una cover una eyes with una hand. Honestly all Nigerians leader dem suppose stone u guys to death ni always bring shame to the country useless people.
Reply
raynebee at 02:07 PM, 9/03/2016 (3 years ago)
(8881 | Hero) (f)

mtchw....wah do I care
Reply
mensch at 02:17 PM, 9/03/2016 (3 years ago)
(2365 | Gistmaniac) (m)

Very very good, Long live swiss, God has already blessed your land.for fighting for the poor Nigerians
Reply
Deltaboy1 at 02:30 PM, 9/03/2016 (3 years ago)
(881 | Upcoming) Online (m)

i love the conditions the foreigner countries are giving Nigeria Government now, Uk made same statement as switzerland did, cos nigeria govt are thief, even the foreign countries dont trust nigeria GOVT
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Mykie010 at 02:41 PM, 9/03/2016 (3 years ago)
(6625 | Gistmaniac) (m)

Pls u people shud not bring d loot to nigeria,these thieves have perfected ways of looting.. They will manoeuvre it..swiss make us still keep d money
Reply
zezprincess at 02:52 PM, 9/03/2016 (3 years ago)
(8069 | Hero) (f)

Good&correct.
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royalsam450 at 03:04 PM, 9/03/2016 (3 years ago)
(828 | Upcoming) (m)

@hrtmender u are the bigest fool i have ever meet in this nigerplus if person won look for better mad man way sabi write book make him come nigerplus them fool here wala  even gogoman way i tink say na him mad pass i no know say madness him self dey here the way i observe u i be like say na goat your mama carry u give make him breasfeed u for small pikin that is why u get this kind animal mentality
For your mind be say nigeria get president


 
Make i talk with better poeple jare i beg swez goverment if posible make una  monitor the projet by una self i for happy wella so that stupid jonathan and buhari the nama and others go know say na criminal ice the world carry dey look them last time the hegoat say nigerians are criminal  but now him na number one criminal
Reply
kp45 at 03:45 PM, 9/03/2016 (3 years ago)
(10077 | Hero) (m)

Sound pretty cool eh!
Reply
jojo8 at 04:54 PM, 9/03/2016 (3 years ago)
(169 | Upcoming) (m)

Why only Abacha?other list of people still alive with stolen money kept in same Switzerland & other European countries & America. Because the latter is dead.The latest list of names published by U K daily mail of those having stolen money in foreign accounts are known to the present government. What are will talking about?
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samdove28 at 05:57 PM, 9/03/2016 (3 years ago)
(4664 | Gistmaniac) (m)

CAN YOU IMAGINE, WETIN CONCERN THEM WITH THE WAY WE DO OUR THINGS. NA WE CAUSE THIS RUBBISH WEY THEY HAPPEN NW.
Reply
slimmygal at 06:34 PM, 9/03/2016 (3 years ago)
(3430 | Gistmaniac) (f)

i no blame them, na we give dem chance.
Reply
BournIdentity at 06:41 PM, 9/03/2016 (3 years ago)
(46268 | Addicted Hero) (m)

Dis 1 no b after d reggae play d blues,, dis 1 na after d reggae pay d moni,,
Reply
emma4love3 at 07:14 PM, 9/03/2016 (3 years ago)
(15316 | Hero) (m)

Quote from: mr gogo on 01:22 PM,  9/03/2016
better!! cos naija politician are thief!! them go share am now now
yes for real they wil share  it immediately
Reply
emma4love3 at 07:21 PM, 9/03/2016 (3 years ago)
(15316 | Hero) (m)

Yes that a fantastic way to help us use the money,dnt trust our politicians there neck too long
Reply
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